Opher Ganel
Feb 20, 2023

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The cost to own an EV is, if anything, higher than the cost to own say a hybrid.

For example, the Tesla Model 3 Long Range costs $60k to own over the first five years (https://www.edmunds.com/tesla/model-3/2022/cost-to-own/?style=401922686) compared to $42.5k for the hybrid Toyota Camry (https://www.edmunds.com/toyota/camry-hybrid/2022/cost-to-own/?style=401904124).

Interestingly, even in the maintenance and service costs, the Camry beats out the Model 3, $4.6k vs. $5.3k over the first five years.

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Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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