A cursory search of the web shows that TCO for EVs in the US is higher than ICE for all but high mileage commuters. Wish it wasn't the case, but insurance alone is a 30% premium.
A cursory search of the web shows that TCO for EVs in the US is higher than ICE for all but high mileage commuters. Wish it wasn't the case, but insurance alone is a 30% premium.
Model 3 TCO is very competitive for all sedans. But yes, there are a lot of luxury EVs and EVs with questionable reliability.
https://www.self.inc/info/expensive-cars-to-run/
https://www.consumerreports.org/cars/car-maintenance/the-cos...
Insurance is a bear for Teslas. They cost a lot to repair.
The Model 3 Highland is super fun to drive. Maybe other EVs have this too. It's a very different experience to a similarly priced ICE car, and worth factoring in to the value proposition.
I specify Highland because the previous version was rattly and noisy enough to seriously detract from the zippy driving experience. Highland is nice.
NYT recently did a fantastic calculator. It isn't simple flat one or the other is cheaper. It takes into account buy vs lease, milage, local energy cost, length of ownership etc
https://www.nytimes.com/interactive/2025/upshot/ev-vs-gas-ca...
https://www.atlasevhub.com/weekly-digest/new-2025-update-on-...