Tesla Model 3 Total Cost of Ownership Calculator
The Tesla Model 3's 7-year cost of ownership against a Toyota Camry Hybrid, on your state's electricity and gas prices.
Updated · By Niraj Kumar · 6 sources
https://checkpre.com/energy/tesla-model-3-total-cost-of-ownership
The cars
Standard RWD starting price. Replace it with your quote.
LE Hybrid FWD, 51 mpg combined.
Where and how you charge
The rest is public fast charging. Most owners with a driveway charge 80-90% at home.
California residential average (EIA). Enter the all-in rate from your bill to override.
Driving
California average for regular (AAA).
Fine-tune
About 2% is typical; the loss slows after that. Hot climates and frequent fast charging push it up.
The federal credit ended for cars bought after 30 September 2025.
Set to 0 if you already have one or will use a standard outlet.
Assumed full coverage; replace both with quotes.
The Tesla Model 3 costs 9.1¢ a mile to charge, against 12.1¢ a mile in gas for the Toyota Camry.
- Tesla Model 3, total cost
- $59,551
- 70.9¢ a mile, all in
- Toyota Camry, total cost
- $52,232
- 62.2¢ a mile, all in
- EV price premium repaid
- Not in 7 yrs
- from running savings, before resale
- Battery at the end
- 92%
- about 296 of 321 miles of range
- CO₂ avoided
- 6.8 tonnes
- at the US grid average
| Cost | Tesla Model 3 | Toyota Camry |
|---|---|---|
| Purchase less resale | $28,514 | $18,794 |
| Charging or gas | $8,350 | $10,828 |
| Maintenance | $5,040 | $7,560 |
| Insurance | $16,800 | $15,050 |
| EV registration fees | $847 | $0 |
| Total | $59,551 | $52,232 |
Year-by-year costs and battery healthShowHide
| Year | Charging | Gas | Battery | Range | EV cost to date | Gas car cost to date |
|---|---|---|---|---|---|---|
| 1 | $1,095 | $1,456 | 98% | 313 mi | $17,314 | $12,087 |
| 2 | $1,129 | $1,486 | 96% | 310 mi | $26,122 | $19,574 |
| 3 | $1,160 | $1,515 | 95% | 306 mi | $33,852 | $26,475 |
| 4 | $1,192 | $1,546 | 95% | 304 mi | $40,875 | $33,098 |
| 5 | $1,225 | $1,577 | 94% | 301 mi | $47,190 | $39,444 |
| 6 | $1,258 | $1,608 | 93% | 298 mi | $53,539 | $45,822 |
| 7 | $1,292 | $1,640 | 92% | 296 mi | $59,551 | $52,232 |
How the Tesla Model 3 Total Cost of Ownership Calculator works
TCO = Price × (1 + tax) − rebates + charger + Σ₍y₎ [energy₍y₎ + maintenance + insurance + fees] + interest − resale₍N₎This page uses the same method as the EV vs Gas Total Cost of Ownership Calculator, which explains each term and assumption in full.
Worked example
A Tesla Model 3 Standard RWD ($36,990) against a Toyota Camry LE Hybrid FWD ($30,795) in California, driven 12,000 miles a year for 7 years, paid in cash, charging 80% at home.
- 1Home electricity costs about 33.6¢ a kWh; with 20% fast charging at 48.0¢ the blend is 36.5¢
- 2At 25 kWh/100 mi the Tesla Model 3 costs 9.1¢ a mile; at 51 mpg and $6.19 a gallon the Toyota Camry costs 12.1¢ a mile
- 3Buying costs $41,830 for the EV with tax and a home charger, against $33,576
- 4After 7 years the battery keeps about 92% of its capacity, and the cars would sell for about $13,316 and $14,782
Over 7 years the Tesla Model 3 costs $59,551 to own and the Toyota Camry $52,232, so the gas car comes out $7,319 cheaper at these assumptions.
Frequently asked questions
How much cheaper is the Model 3 to charge than the Model Y?
The EPA rates the Model 3 at 25 kWh per 100 miles against the Model Y's 27, so it uses about 7% less electricity for the same trip. At 12,000 miles a year and 20¢ a kWh, that is about $48 a year.
How much does it cost to charge a Tesla Model 3 at home in California?
At California's average residential rate of 33.6¢ a kWh, filling the Tesla Model 3's roughly 69 kWh battery from empty costs about $23 before charging losses. At 25 kWh per 100 miles measured at the wall, 12,000 miles a year with 20% fast charging comes to about $1,095, or 9.1¢ a mile.
How much range does a Tesla Model 3 lose in 7 years?
At 12,000 miles a year the model here expects the battery to keep about 92% of its capacity after 7 years, so the 321-mile EPA range becomes roughly 296 miles. Heat, frequent fast charging and keeping the battery at 100% speed this up; the retention curve is an assumption you can change.
Sources
- EIA Electric Power Monthly, Table 5.6.A: average residential price by state (July 2026) · checked
- AAA state gas price averages, regular unleaded (22 September 2026) · checked
- Tax Foundation, Electric Vehicle Taxes by State, 2026 · checked
- US DOE and EPA fuel economy data (fueleconomy.gov) · checked
- IRS, Clean vehicle credits: not available for vehicles acquired after 30 September 2025 · checked
- AFDC, State laws and incentives for electric vehicles · checked
Related calculators
- Tesla Model 3 vs Toyota Camry Cost of OwnershipTesla Model 3 against the Toyota Camry Hybrid, one of the most efficient gas cars on sale: 7-year cost of ownership in your state.
- Tesla Model 3 vs Honda Accord Cost of OwnershipTesla Model 3 against a gas Honda Accord: 7-year cost of ownership with charging, 32 mpg gas, depreciation and battery wear.
- EV vs Gas Total Cost of Ownership CalculatorCompare an electric car with a gas car over 7 years on your state's electricity and gas prices, your utility's EV rate, depreciation and battery wear.
- EV Charging vs Gas Cost Per Mile CalculatorWhat a mile costs in an electric car against a gas car, on your state's electricity and gas prices, with home and public fast charging mixed in.
More in Energy, Solar & EV
- Chevrolet Equinox EV Total Cost of Ownership Calculator
- Chevrolet Bolt Total Cost of Ownership Calculator
- Hyundai Ioniq 5 Total Cost of Ownership Calculator
- Ford Mustang Mach-E Total Cost of Ownership Calculator
- Kia EV6 Total Cost of Ownership Calculator
- Kia EV9 Total Cost of Ownership Calculator
- Nissan Leaf Total Cost of Ownership Calculator
- Rivian R1S Total Cost of Ownership Calculator
- All 57 Energy, Solar & EV calculators