Tag: Cost

Electric Vehicle Total Cost Of Ownership Calculator

Cars


Published on March 28th, 2020 |
by Zachary Shahan





March 28th, 2020 by Zachary Shahan 


We’re quite fond of running and publishing total cost of ownership forecasts here, whether comparing the Tesla Model 3 with the BMW 3 Series, comparing the Tesla Model Y with the Mercedes-AMG GLE 63 S, or comparing the Volkswagen ID.3 with the Volkswagen Golf. California utility PG&E Corporation has also joined the cost of ownership fun. It has a cost of ownership calculation tool for 52 electric vehicles on the market in California (plug-in hybrids as well as fully electric vehicles).

The example on the first page is the Tesla Model 3 Long Range versus the Volkswagen Golf R.

Clicking for details on what goes into the calculations, you get the following table, indicating that the 5 year cost of ownership comparison takes into account estimates for upfront

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Cost to Own a Vehicle Archives


Average new vehicle will cost nearly $8,500 annually to own and operate

ORLANDO, Fla. (August 23, 2017) – Owning and operating a new vehicle in 2017 will cost a driver an average of $8,469 annually, or $706 each month, according to a new study from AAA. The annual evaluation of driving costs reveals that small sedans are the least expensive vehicles to drive at $6,354 annually, however small SUVs ($7,606), hybrids ($7,687) and electric vehicles ($8,439) all offer lower-than-average driving costs to U.S. drivers. Conversely, of the nine categories included in the evaluation, pickup trucks are the most expensive vehicles to drive at $10,054 annually.

“Determining the cost of a new vehicle car is more than calculating a monthly payment,” cautioned John Nielsen, AAA’s managing director of Automotive Engineering and Repair. “While sales price is certainly a factor, depreciation, maintenance, repair and fuel costs should be equally important considerations

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