According to reviews, Tesla cars are less expensive to maintain than other car brands, including some famous for their reliability. Consumer Reports.
Be part of it 2023 Annual Automobile SurveyConsumer Reports asked owners how much they had to pay for maintenance costs like oil changes in the previous 12 months. The researchers then compared cumulative costs by brand in years one through five and years six through 10 of ownership.
Tesla has the lowest reported maintenance costs, averaging $580 for the first five years of ownership and $3,455 for ownership from years 6 to 10, for a total 10-year cost of $4,035. Higher maintenance costs from years 6 to 10 are typical of the brands surveyed, as new vehicles often have fewer maintenance needs as well as additional warranties for out-of-pocket costs. pay.
Tesla Model 3 (refresh for the European market)
Tesla edged out second place Buick, which had an average maintenance cost of $900 in the first five years of ownership and $4,000 in the next five years, for a total of $4,900. Toyota, which is emphasizing hybrid vehicles in its product line and is widely considered to have very low running costs, even lagged behind in third place. Its 10-year average cost of ownership is $4,900 like the Buick, but with higher costs of $1,125 in the first five years of ownership and $3,775 in the next five years.
The most expensive brands are Land Rover, at $19,250 over 10 years, Porsche ($14,090) and Mercedes-Benz ($10,525). Consumer Reports did not provide any analysis for these findings, but Tesla was the only brand surveyed with an all-electric vehicle lineup — and previous studies have shown that Electricity has a significantly lower cost of ownership.
2024 Tesla Model S. – Courtesy of Tesla, Inc.
A recent analysis by Vincentric found that half of 2024 electric vehicles have 5-year ownership costs are lower than with internal combustion. While those numbers include depreciation, which has been high recently, in fairer times and do not factor in that, gasoline-powered vehicles six times more expensive than electric vehicles over a period of years—depending on the region—another analysis found. And while electricity prices are relatively predictable, if not stable over time, Gas prices increased dramatically can have a major negative impact on the cost of operating a gasoline-powered vehicle.
However, maintenance costs are only one factor. A 2023 Ipsos study reveals misconceptions about costs may be the reason for the decreasing interest in electric vehicleswith many respondents expressing concerns about the battery pack’s life cycle and replacement costs.
