A brand new study has revealed the car with the cheapest operating costs in America

A new study has revealed which car is the cheapest to run in the United States of America.

Drivers have always thought about cost when it comes to selecting a car, to ensure they make the most economical choice.

Now, a study from Self Financial, a credit-building company, has done the number crunching to bring us an answer on the cheapest option.

The list was based on the 50 best-selling vehicles in the United States.

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Which car topped the list as the cheapest to run in the United States of America?

It was the Tesla Model 3 that came out on top as the most affordable.

But it wasn’t the only Tesla to make an impressive showing on the list.

The Model Y also appeared in the top 10, alongside the Honda Civic and the Toyota Corolla.

This isn’t to say that the cars themselves are cheap to buy, this is more about all the costs that come after you take it home.

For example, the Model 3’s running costs was estimated to be just over $5,000 – around $1,400 lower than the industry average.

When drawing up the list, Self Financial took the cost of fuel/energy, maintenance, insurance and taxes into account.

Given that gas proved to be the most costly factors for cars, Teslas had an immediate advantage as EVs.

The Model 3 only needed $636 worth of electricity every year to run, whilst the average entry in the study was relying on $2,246.

The benefits of EVs are constantly rolling in, as they are also more energy efficient than their gas counterparts.

Which other vehicles featured highly on the list?

Second place on the list was the Hyundai Elantra, trailing behind the Model 3 by only $43.

In third place was the Toyota Corolla, which cost $5,182 a year to run.

The Kia Forte was fourth at $5,235 and the Honda Civic rounded out the top five at $5,282.

In the top 10 list, two cars were electric, one was hybrid [The Honda CR-V] and the rest were gasoline.

Three Honda cars appeared in the top 10, making it the best-represented brand.

Tesla, Hyundai, Nissan, Toyota, and Kia comprised the rest of the leaders’ board.

It’s interesting to note the overlap in this study and another one in which the country’s most reliable cars were ranked.

Here’s the top 10 list in full with their yearly running costs in America –

1. Tesla Model 3 ($5,061)
2. Hyundai Elantra ($5,104)
3. Toyota Corolla ($5,182)
4. Kia Forte ($5,235)
5. Honda Civic ($5,282)
6. Honda Accord ($5,380)
7. Tesla Model Y ($5,393)
8. Nissan Altima ($5,449)
9. Toyota Camry ($5,462)
10. Honda CR-V ($5,485)