TESLA MODEL 3 - TOTAL COST OF OWNERSHIP (4 YEARS)

EV Channels Review

This video provides a comprehensive four-year total cost of ownership analysis for a Tesla Model 3 Standard Range Plus, covering 60,000 miles. The reviewer highlights exceptionally low running costs, with zero VED tax and minimal servicing (£221.50 for one service and two MOTs). Tire replacement was a notable expense at £1,080. Fuel costs, estimated at £1,750, are significantly lower than a comparable petrol car (£7,855), largely due to home charging at an average of 8p/kWh. Depreciation is identified as the largest cost, amounting to £22,000 over four years, though the reviewer notes this has stabilized recently for EVs. Despite the overall cost of £26,952 (£6,738 per year), the reviewer expresses satisfaction, particularly when comparing it to the much higher fuel costs of an internal combustion engine vehicle. The reviewer suggests that buying a used EV is now a more attractive proposition due to high depreciation.