Electric cars have higher upfront costs than gas-powered cars, but you may still save a good amount of money over time since EVs cost less to fuel and maintain than gas vehicles. With gas prices soaring right now, the savings should be even more obvious. However, there are always exceptions. This owner shares how much it cost him to own his Tesla Model 3 for just over a year.
The Tesla Model 3 isn't nearly as pricey as Tesla's other models, but it's still not cheap. Tesla has been raising prices often, and the entry-level Model 3 now starts at $46,990. That's a far cry from the $35,000 version Tesla offer for about a minute, but it's not out of line for an electric car. The Model Y now starts at over $60,000, and most premium EVs cost more than the Model 3. Even the majority of mainstream options carry starting prices over $40,000.
At any rate, Ryan Shaw recently shared the true cost of ownership of his Tesla Model Y after two years. We've linked that article below, along with an article that compares the five-year cost of ownership of the Model 3 to that of the Toyota Camry.
