Electric Car vs Gas Car Price Comparison
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ModelTesla Model 3 SR+Toyota Camry SESources
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Purchase Price$38,990$29,111$29,11120000*Variables You Can Change Have Grey BackgroundAvg miles/year
http://www.fhwa.dot.gov/ohim/onh00/bar8.htm
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Sales tax$2,729$2,038$2,038
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Destination & doc fee$1,200$1,100$1,100
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5 Year Resale Value (via KBB)$18,988$10,538$27,249
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Incentives-$1,875$01.3Avg price of gas
http://www.eia.gov/petroleum/gasdiesel/
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Cash Cost after Incentives & Resale Deduction$22,056$21,7110
1 gallon of gasoline = 33.7 kWh
http://www.fueleconomy.gov/feg/evsbs.shtml
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Interest after 5 years (assuming $5000 down and 4.25% interest rate)
$4,238$3,046
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Price of Gas$3.10Avg ICEV maintenance costshttp://newsroom.aaa.com/2012/04/cost-of-owning-and-operating-vehicle-in-u-s-increased-1-9-percent-according-to-aaa%E2%80%99s-2012-%E2%80%98your-driving-costs%E2%80%99-study/
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Average Price of Electricity for Car$0.13
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Average Miles Per Year15,00015,000
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Maintenance Costs (5 Years)$1,300$3,286
https://www.edmunds.com/toyota/camry/2019/cost-to-own/#style=401771278
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Miles/kWh or MPG432
https://www.fueleconomy.gov/feg/PowerSearch.do?action=noform&path=1&year1=2019&year2=2019&make=Toyota&baseModel=Camry&srchtyp=ymm
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Average Gallons of Gas Per Year (Miles/MPG)468.75
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Average kWh of Electricity Per Year for Car (Miles/4)3,750
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Average Cost of Fuel Per Year$488$1,453
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5 Year Total Cost of Ownership$30,032$35,308
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Total Cost Of Car After Year...Tesla Model 3Toyota Camry XLE V6... Savings
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5$30,032$35,308$5,276
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