UNEXPECTED COSTS OF OWNING A TESLA MODEL Y AFTER 4 YEARS

EV Channels Review

This video provides a comprehensive four-year ownership review of the Tesla Model Y, focusing on unexpected costs beyond the initial purchase price. The reviewer highlights that while the Model Y offers significant savings on gas and basic maintenance (estimated at under $50 annually), other costs can be substantial. Registration fees in California are noted as surprisingly high, exceeding $700 for a 2021 model. Insurance is a major expense, costing $2,500 annually with State Farm, with the reviewer explaining that Tesla is classified as a luxury/exotic brand, driving up premiums. Tire replacement is also a significant cost, with a set of Michelin Pilot Sport All Season 4S costing $1,400 and needing replacement sooner than on gas cars due to the EV's weight and torque. Charging costs are estimated at $1,030 annually for 14,000 miles driven, though this can vary greatly with electricity rates and home solar. Unexpected accessory costs, such as a wall connector and installation ($500-$1,000), are also mentioned. Despite these expenses, the reviewer concludes that the convenience and time savings of EVs, coupled with the low maintenance, make the Tesla a worthwhile investment for the long term, especially if kept for at least eight years to maximize the battery warranty.