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.
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.
Great news for Tesla buyers down under—Tesla has just upgraded its New Vehicle Limited Warranty in Australia and New Zealand to unlimited kilometres for 5 years on all new Model 3 and Model Y vehicles. The updated policy applies to every Model 3 and Model Y delivered on or after January 1, 2026, removing the […]
Tesla has quietly expanded its U.S. leasing lineup, making its most affordable vehicles even more accessible. As of today, leasing is now available on the new Model 3 Standard and Model Y Standard, marking the first time Tesla’s entry-level trims can be leased. Pricing starts at $449 per month for the Model 3 Standard and […]
Tesla’s cheapest electric vehicle is proving it can punch well above its weight. According to a new real-world range test from Edmunds, the 2026 Tesla Model 3 Standard RWD managed to drive an impressive 339 miles on a single charge, comfortably beating its EPA-estimated range and even outperforming Tesla’s new Model Y Standard. As Edmunds […]
