Tesla Model 3 Lifetime Cost Comparable to Nissan Altima Says MIT Study

According to a recent study by the Massachusetts Institute of Technology has concluded, despite higher upfront costs for electric cars, in the long run, they save you money.  One comparison was the lifetime cost of the Tesla Model 3, deemed comparable to the gas-guzzling Nissan Altima.

As per The New York Times:

Take the Tesla Model 3, the most popular electric car in the United States. The M.I.T. team estimated the lifetime cost of the most basic model as comparable to a Nissan Altima that sells for $11,000 less upfront. (That’s even though Tesla’s federal tax incentive for electric vehicles has ended.)

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Source: carboncounter.com by the M.I.T. Trancik Lab | Note: For their calculations, the M.I.T. researchers assumed each car would last 15 years and drive an average of 13,000 miles per year. The most closely comparable drivetrain and trim levels are shown in each vehicle pairing in this chart.

There’s no better time than to jump into an electric car, and one of the best right now is Tesla’s Model 3.