October 13, 2020

YOUR NEXT CAR WILL BE A VOLT:

Cost of owning Tesla Model 3 much less than rival BMW 330i (Bridie Schmidt, 13 October 2020, The Driven)

Modelling by consumer advocacy group Consumer Reports has highlighted the fact that drivers can save significant amounts of money owning an electric car compared to a fossil-fuelled competitor.

How big? In the case of the Tesla Model 3, which is priced from $US49,990 before on-road costs, as much as $US17,600 ($A24,259) can be saved in total ownership costs compared to owning a BMW 330i (which has a sticker price from $US40,750 to $42,750 depending on options and before on-road costs), the US-based report says.

Electric cars are becoming an increasingly popular choice amongst drivers, particularly in markets like the US, Europe and China, but their higher sticker price is still cited as a key factor deterring buyers, even if they place reducing personal carbon emissions as a priority.

But according to the new report published by the group on Thursday (US time), if a buyer can make the stretch to buy a more expensive electric vehicle (EV) over a combustion engine car, it will pay off in the long term.

Posted by at October 13, 2020 12:00 AM

  

« ...AND CHEAPER...: | Main | PITY THE POOR MALTHUSIANS: »