Man breaks down full cost of owning a brand new Tesla Model 3 over five years

This man has broken down the full cost of owning a brand-new Tesla Model 3 EV over five years.

YouTuber Electric Vehicle Man has stuck with his car for half a decade now.

With 72 thousand miles on the clock, it’s safe to say he’d gotten his money’s worth.

But on the whole, had the past five years been pricier than he’d anticipated?

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There are a lot of things to weigh up when it comes time to buy a Tesla EV.

But cost is, by and large, the factor that comes out on top for most drivers’ consideration.

After all, who wants to sink more money than is necessary into their car?

One Michigan man broke down the costs of going electric in a direct comparison to gas cars.

For this Cybertruck owner, it was the expense that came with changing tires that came as a surprise.

It seems that the Tesla Model 3 EV is a particularly popular car to deliberate on, as another YouTuber is weighing up the costs of ownership too.

Electric Vehicle Man has owned a Model 3 for five years and racked up around 72K miles.

He wanted to take into account a few things for his cost assessment: fuel, servicing, tax, and depreciation.

For service, he spent $382 over the five-year period.

“I’ve had it serviced once,” he declared.

“Purely out of curiosity, because there’s nothing to service.

“They changed the air filter – I can do that myself.

“They rotated the tires, ultimately not a problem for me.”

He concluded that he would have spent more on servicing for a gas car in the first year alone.

Road tax cost him nothing, although it is due to go up to $265 in the next year.

Twelve tires had been used in total – four changes at the rear and two at the front.

This racked up a total of $2,696.

As for power, he estimated it was $2,858 over the period of ownership.

For this factor, he was considering both external charging at public stations and at-home charging.

He said that most of his charging was done overnight, when it was cheapest.

In terms of depreciation, he’d estimated that he’d spent $36,761.

In total, that’s $42,709 – an average of $8,540 per year and $712 per month.

When you look at the numbers without wider context, it sounds like a lot.

But compared to a gas car, there’s a lot of savings to appreciate here.

To see the cost breakdown of the Tesla Model 3 in full, visit Electric Vehicle Man’s YouTube channel.

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