Tesla Model 3 SR and Toyota Corolla cost nearly the same five-year total cost!

Apr 05, 2023 by YONZEE

Before most people buy a new energy electric vehicle, they will first consider the price and subsequent maintenance costs, and will naturally compare it with the current fuel vehicle. I feel that the price of electric vehicles is still high, but according to Tesla's 2022 impact report, the Tesla Model 3 SR version of the electric vehicle will be 60,000 miles (96,560 kilometers) in five years, every 1 mile (1.6 km) only needs 0.49 US dollars, which is only 0.3 US dollars higher than the cost of Toyota Corolla

Model 3 SR close to Toyota Corolla total cost

Although the price of the Tesla Model 3 SR ($39,900) is equivalent to that of the BMW 3 Series ($43,800), Audi A4 ($40,300) or Mercedes-Benz C-Series ($44,850), the price of electric vehicles is With relatively low maintenance costs, better and cheaper electricity, and Tesla's second-hand car price preservation, the long-term holding cost of new energy electric vehicles will approach the cost of traditional general fuel vehicles.

According to Tesla's 2022 Impact Report, the cost of holding a Model 3 SR vehicle for 5 years or 60,000 miles (96,560 kilometers) is converted to $0.49 per mile ($0.78 per 1.6 kilometers), compared with the most basic model. The Toyota Corolla is $0.46 per mile ($0.74 per 1.6 km), a difference of only $0.03, and these costs include: depreciation, taxes, subsidy programs, insurance, maintenance, tires, repairs, electricity (gas), etc. wait….

This means that driving a Tesla Model 3 SR and a Toyota Corolla for five years or 60,000 miles (96,560 km) is basically the same money to drive the car, which equates to a difference of only $2,000 after 100,000 km. Total cost only.

Tesla's third-generation car-making platform will reduce production costs by another 50%

Tesla’s goal by 2030 is to deliver 20 million electric vehicles. In order to achieve this goal, it is even more necessary to have lower-cost electric vehicles. According to the impact report, the Model 3 and Model Y produced since 2018 The cost will be reduced by another 50% in the future. After the launch of the third-generation vehicle-making platform, there will be more economical and affordable small electric vehicles in the future.

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