A study by Self Financial has identified the Tesla Model 3 as the most affordable car to operate in the U.S., achieving an annual running cost of $5,061, significantly below the average yearly expense of $6,462. The research analyzed the 50 top-selling vehicles from 2022 to 2024, factoring in costs such as fuel, maintenance, insurance, and taxes. Notably, the Model 3's energy costs were the lowest at $636 annually. In comparison, the Tesla Model Y also ranked well, being the 7th most affordable vehicle to run, emphasizing Tesla's efficiency.
Self Financial found that the Tesla Model 3 is the most affordable car to run in the United States, with an annual running cost of $5,061.
The annual energy costs of the Tesla Model 3 were the lowest in the study at just $636 per year, 71.68% lower than the study average of $2,246.
On average, it costs $6,462 per year to run a best-selling vehicle in the United States, with fuel comprising 34.8% of these annual costs.
The Tesla Model 3 would have been even cheaper to run, but the vehicle was the study's 3rd most expensive car to insure at $2,241 per year.
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