This Is The True Cost Of Tesla Model 3 Ownership

Tesla Model 3 ownership has a much higher price tag than other cars. On top of the hefty initial cost,

Tesla drivers can expect to pay more for insurance, taxes and registration fees.

Depending on where you live, you could end up paying an extra $3,000 or more in taxes. Even after purchase,

electricity costs will likely be much higher than those for a gas-powered car.

That being said, owners of Tesla’s Model 3 benefit from the substantial federal tax credits available for electric vehicles as well as long-term savings in maintenance

and repairs that come with owning an electric vehicle over time.

In the end, it really comes down to whether or not you are willing to invest in a car with higher upfront costs but possibly lower costs overall over time.