2018 Tesla Model 3 Long Range owner breaks down the total cost of ownership after five years and more than 70,000 miles; there are interesting takeaways here.
The main hurdle to mass electric vehicle adoption at the moment is the higher costs of EVs compared to their internal combustion engine-powered equivalents. Electric cars are typically more expensive to buy, and they also bring higher additional costs such as larger insurance premiums, more pronounced depreciation, and the installation of at-home charging equipment – for customers who want that .
Now, the second biggest cost for her Tesla Model 3 was insurance at over $6,200, which is pretty substantial compared to the maintenance costs of $2,400 and repairs cost of $214 – the only repair in five years consisted of replacing one lower control arm.
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