Tesla Model 3 vs Toyota Prius: Lowest Cost of Ownership in 5 Years?
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- čas přidán 1. 02. 2023
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The true cost of owning a vehicle goes way beyond just the initial purchase price. You have to consider a number of other costs to get the real picture. For example, in our comparison today, the Model 3 purchase price is quite a bit higher than the Prius, but with all things considered and the cost savings associated with electric vehicles, the Model 3 True cost of ownership may actually surprise you. But, are the cost savings enough to make up the initial cost difference? Which vehicle is cheaper to drive per mile over 5 years?
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Image & Video Clip Sources:
1. Thumbnail Model 3 image & other Tesla images and video clips used in the video Courtesy of Tesla, Inc. (where noted in video).
2. Thumbnail Prius image & other Prius images and/or video clips used in the video courtesy of Toyota (where noted in video).
Data Sources:
arstechnica.com/cars/2023/01/...
www.irs.gov/credits-deduction...
gasprices.aaa.com/
www.saveonenergy.com/electric...
www.caranddriver.com/tesla/mo...
www.bankrate.com/loans/loan-c...
www.edmunds.com/tco.html
www.caranddriver.com/toyota/p...
NOTE: The content found in this video should NOT be regarded as financial advice. I am not a financial advisor, and this is NOT in any way a recommendation or offer to buy or sell securities. While the information in this video is believed to be accurate at the time of recording, no guarantees are being made about the accuracy of the information presented in the video. As of the recording of this video, I am NOT invested in Tesla stock or securities, nor any other company mentioned in this video. - Auta a dopravní prostředky
It turns out Toyota knew what they were doing all along.
Obviously…it’s Toyota
For what price would Toyota have to sell their cars so their debt isn't increasing ongoingly over years?
@@TechridrAnd? How does that affect buying a used Prius?
Three requirements to own a Tesla AND save the most money.
1. You need to drive a lot.
2. You need a tax liability.
3. You need to own your home or have access to home charging.
For #3 You need access to charging at home or work. You don't need to own your home.
Most rentals don’t come with a garage or 240v plug
@@walkingconifer you can still charge with mobile connector which is what I have been doing living in a rental apartment that has a single car garage. Once a while I go to supercharging station if needed like once or twice a month.
That is why people who leases apartment does not like EV. They have to charge at our side station all the time.
@@hoffmantnt you need a company that will let you steal their power
It will depend a bit on what your use case is too.
If you do a lot of road trips.. traveling sales, etc. Then the Prius will probably be cheaper.
Cost to charge at Superchargers is about double the rate at home.. pretty close to price of gas per mile, plus the time spent charging does have a cost associated with it.
The 2023 Prius is getting 57mpg I think.. so a little better than the number you cited.
I had an older Prius model. Used it for Gig work.. so 8-10 hrs per day driving mostly city.
I put 223,000 miles on it in 4 1/2 years.. it had 423,000 on it total when it finally gave up. Had an engine failure.. rare on Prius, usually it will be battery or other related stuff. Mine still had its original battery.
My cost per mile in the Prius was closer to 10 cent per mile, at current gas prices. That's fuel, all maintenance , and tires. Tires on my Prius were cheap.. about $320 for a set out the door. New Prius will be more.. has bigger rims.
Keep in mind I did all my own service work.. oil changes every 5K and transmission fluid every 50K that's overkill, probably but fluid is cheap and easy to change.
I would not include the tax credit at all.. most middle class people will NOT qualify.
One other thing on the Prius.. You don't really need an XLE trim to get what you need.. It does gets you some things.. heated leather seats I think a bigger infotainment screen, But the tech and safety stuff is all standard. And the Prius has Android auto and Apple car play standard.. You cant get it on the Tesla at all.
The Tesla is going to be way more fun to drive, and has some tech the Prius does not, the Prius will more practical, closer to a Model Y for Storage.
Both are great cars.. It will kinda depend on how you will use the car.
Actually super chargers tend to be far more than the equivalent price for gas. On average fast chargers no matter who is between $0.30-0.45/kwh. The break even between gas and electric is somewhere closer to $0.18-0.25/kwh. If you aren't charging at home primarily or you consistently need fast chargers, it's just far less economical. When gas prices were high a bit again electric was just objectively cheaper, but gas prices fluctuate and right now it's low.
@@Skylancer727
This would depend dramatically on what kind of car you're driving. You're driving a brand new Prius getting 57 miles per gallon then the chargers are definitely more expensive. But on the other hand if you're driving something that's getting 25 or 30 miles per gallon highway. It would be more in favor of the electric car. Also the charging rates vary significantly state to state. Some states charge by the minute some by the kilowatt hour.
Sometime last year Tesla significantly increased the price at superchargers.
Just depends on what mix of driving you do. If 95% of the time you're charging it home, then the EV is going to be way less expensive. But if you road trip continuously then you're probably better off staying with a very fuel efficient hybrid. Toyota Camry hybrid is an extremely comfortable car to drive quiet and reliable. And it's getting 50 MPG highway also. Pretty hard to go wrong. I put 423,000 mi on my last Toyota hybrid...
I most certainly qualify for the tax credit… but not all of it. I don’t have $7500 in tax liability. I’m solidly middle class (live in MI so cost of living is close to average while my income is slightly above the national average, barely.) It is fair to say the full $7500 isn’t accurate in my case but more than $3750 so it’s worth it to get the full credit vs the half (or no) credit.
I’m not buying a Tesla though, getting a Bolt so I’m already about $11k below those calculations befor any tax credit (for an EV with all options.) If a Model 3 was a bit less expensive I would have gone with that.
@@ConservatEV
If you would prefer a Tesla over the bolt EV. You could look at a used model 3 also. I think it's a $4,000 tax credit plus whatever state incentives are available. Model 3 prices have come down pretty significantly lately. But the Chevy Bolt is still a hell of a good deal. Good interior room. And much easier to get in and out of for daily driving. You might look at the EUV version. About 3 in more rear legroom. And I think the base model of that isn't much more expensive.
I do some road tripping. So I need something that has easy DC fast charging. But the bolt EV is on my list also, if I did that I would just keep my gas car for the occasional road trip.
Don't bother with this analysis. He has tried hard to skew the numbers in favor of Tesla. Even with the unfair government subsidies they have no chance of killing the ICE, yet.
The part you’re not accurately accounting for is tires. The Prius can use extremely long lasting tires (I get 80-90k miles out of my Prius tires) and they are significantly cheaper than the Model 3 tires which need to be replaced much more often.
Also, if cost is a major factor for the buyer. They want to keep the vehicle as long as possible. The Gen 4 Prius has a track record of lasting 300k miles without issues.
The model 3s reliability is no where near Toyotas at this time.
I own both cars currently, a used Prius is the way to go if you want pure cost effectiveness and practicality. The Prius also is a hatch back, with the Gen 4 having around 27 cubic feet of storage.
Given the ridiculously high maintenance figure used in this comparison for the model 3, I'd say they have to be accounting for replacing Tesla tires every 10,000 miles or something. As an owner of a model 3 I can't think of any other way they got to such a high figure, there is just simply no real maintenance. I replaced my tires at just under 37,000 but I don't drive slow and enjoy the cars power. The cars are comparable in cost of ownership. I just enjoy the Tesla more. I also have a large solar array which tilts the figures significantly in favor of the Tesla for me but if you can't charge at home the Prius would easily be more economical.
@@Ryan-ff2db Sorry, but that's not correct. The tires for the Tesla are about $400 each installed at best, this is $1600 for tires. They last between 30-40k miles depending on how it's driven, that's $3200 in tires by 75k miles.
My Prius tires I can get through Costco with 80k miles per set and they cost about $250/tire installed. So it's almost half the price and needs to be done half as much. This alone is way cheaper.
I also change my own oil so it costs me about $25 to change every 10k miles and there's no other maintenance required in the first 80k miles. So the only maintenance difference is 8 oil changes which equals about $200 over that time period.
I own both cars. I love my Model 3, but I don't fool myself into thinking its cheaper to own or maintain than my Prius is. The Model 3 is def more fun to drive, but the Prius is much better built, cheaper to own, and much more practical.
@@jasonfranciosa The Model 3 is a luxury sports car compared to the Prius so tires are not a fair comparison. A better comparison would be a Chevy Bolt. The bolt uses a nearly identical tire size to the Prius.
@@Tazdeviloo7 no. This video is directly comparing the 3 and the Prius. Bolt is not relevant here.
@@jasonfranciosa I replaced the tires last year for $1,084 with the mileage at 36,800 miles. I understood the video to show $2,133 per year but I watched again and that's over 5 years, which makes a lot more sense. In my case, it is cheaper to own as I don't pay for the electricity, it comes from my solar, but over time for most people the Prius would probably be a little cheaper but that will depend on the situation. Also most people don't change there own oil and typical oil changes cost about $100 or $150 if you let the dealer rip you off.
I would say it is actually fortunate that the Prius has a internal combustion engine. So many sad EV owners during the cold this winter due to performance issues. The charging infrastructure is broken and not nearly where it needs to be. So yes very fortunate that the prius has an ICE
Love my prius, when i drive by a tesla being charged or seeing it near it warning before a charging station is pure stress on the EV owner
I was shocked when he said unfortunately.
Damn where you guys from? I can't speak for some truly fridges areas but here in Colorado or in my time living near Pittsburgh Teslas had no problem during the coldest of winters.
I think the Prius Prime is the sweet spot. Home charging to get the best possible cost for the vast majority of your miles. ICE for the accessibility the longer trip. That said a close friend of mine regularly does road trips from Oregon to Colorado in his Model 3 without ever having an issue and adds about an hour to his otherwise 17 hour trip.
@@derringera I live in Utah I saw few Tesla stuck in the snow
Good comparison. It sounds like you are a bigger fan of the Model 3... and that's all good. I've never been a fan of the Prius until this redesign. I think ultimately I would choose the Prius Prime as it really spans the best of both worlds. I can do the plug in for daily driving but I can also avoid range anxiety on long road trip by not having to make special time allowances for chargers... and it's going to work through colder weather. Plus every setting in a Model 3 has to be changed from that iPad in the dash... give me some buttons. 😁
100% … how do you should honestly have used the cheapest Prius l…. Also gas has significantly cheaper at 3:50
There's a used EV credit of $4000 that supposedly works on used Prius Primes, which makes something like a 2017 Prius Prime a compelling option since it's probably a car I can afford and I can actually take full or close to full advantage of the tax credit.
Buttons make the car obsolete. The Ipad is upgraded with OTA updates that give the car more value over time.
Toyota Prius starts here in Europe for around 45K it's actually MORE expensive than the Tesla. Everybody is dumb if you choose the Prius over the Tesla.
Been liking buttonless more. Buttons get dirty and trap dirt and yuckiness. The minimalist approach is just cleaner.
The reliability of Toyota is unbeatable
My current car is a 2008 Toyota Prius with 319,000 miles on it I got it for free did a little work so I have zero initial cost I do the maintenance and repair myself so my costs are fuel, oil, parts and insurance.
I would love to see a cost comparison between a five or 10 year old tesla versus a five or 10 year old Prius.
22000. for a replacement battery a battery system is only as strong as it weakest link
😯👍🏾
@@BillyBob-fd5ht The Prius has the same potential battery issue of course, plus an engine and transmission that may need to be replaced (which isn’t cheap either.) Gotta look at both sides to be fair. Hybrids are also far more likely to catch fire. It’s sort of the best and the worst of both worlds with a hybrid.
@@ConservatEV Due to smaller size, Prius battery is much cheaper $2k to 4,5k. Though degraded, the car can still operate even the battery failed. I haven't heard Hybrids are more likely to catch fire.
@@btt376not to mention you’ll have more time to escape a hybrid vehicle if the battery catches fire due to the fact that it’s only a ~1.1kWh battery
Thank you so much for doing this it's something I've wanted to learn about for a long time and you put in such a concise way including everything I may not have even thought of ...appreciate your time and effort 👍
There is no way a Prius will have $3000+ in maintenance costs the first 5 years. I have a 2017 LE Prius. I bought Bridgestone tires for about $600 at year 3 with included lifetime rotation, oil changes were free first two years and cost approximately 60 dollars annually after that. Break fluid change at year 3 was approximately $180, and wiper inserts annually are like $20. Engine air filters and cabin filters are cheap and can easily be replaced by the owner annually. The Prius doesn't have an alternator, no starter motor, no serpentine belt, has an electrically driven water pump and AC compressor - all essentially maintenance free. Radiator fluid is due approximately 100k or 10 years and same for the 4 spark plugs. Lifetime MPG is 54 and I get approximately 450-500 miles per tank with it's 11 gallon tank. The Prius with it's internal combustion engine is a huge plus for people who don't want to wait hours to charge or don't have the ability to charge such as the case with city curbside parking (no garage, no driveway) like millions of Americans have in major cities.
For most of us, the costs between 8 years and 15 years are what really matters. Most Teslas will have been scrapped long before 15 years because the cost of keeping them on the road will become ridiculous once the drive train warranty runs out. The Prius of course will be happily rolling on.
Not true, the newer LFP battery packs will definitely outlast the car, and a RWD motor does not cost that much.
Rear wheel drive in snow? Surely, you jest................
@@coolnout3765 All you need is a good set of all seasons and a sensible driver
Model 3 and Y are build for 1 million miles. And if you buy the LFP cells, these can charge more than 3000 times. Therefore doing also 1 million miles.
@@coolnout3765 I took my RWD Tesla in the snow, it does not break out. Because it has an electric motor, it can precisely control the torque output to the road and therefore have way way more grip. Please just try it out. Yes 4 wheel drive is better, but RWD in the snow because it's an EV is pretty good.
I have had two Prius's and two Toyota Camry Hybrids. But just purchased a RWD Tesla Model 3. Your analysis is roughly the way I looked at it - when comparing a Hybrid and EV they are close to a breakeven unless you need a lot of Supercharging rather than home charging. What finally convinced me to buy the Tesla was availability and dealer markups. I got my Model 3 in just two and half weeks after order. You can't get new cars from Toyota and I expect the new Prius will be especially hard to get. Plus most car dealers want thousands above MSRP and unfortunately too many are rewarding them by paying that price. Tesla was by far the easiest buying experience I have ever had. I am paying $60+ a month for insurance from USAA. But I do believe the Model 3 RWD, as you mentioned , will lose the tax credit come March.
It is not fair to compare the least expensive Tesla to a higher-end Prius. The base Prius would cost only $27k MSRP and not $33k. The Prius only needs 7 oil changes during the 75k miles, with 2 free oil changes by the dealer, so the 5 remaining oilchanges only cost $300. Throw in a set of tires woth $500 and a set of wiper blades costing $20 and the total maintenance cost would be $820. Repairs cost would be zero. Fueling cost at 57 MPG and $3 per gallon =$3,947. Plugging in these much lower numbers would show that the Prius would be much cheaper to own and operate.
@@trungson6604 you do not get 57 miles a gallon over 75,000 miles. Mine was a 2011 Prius and it’s advertised at 50 miles per gallon, and quickly dropped to 47 within 5000 miles.
By the time my car got to 115k miles (6 yrs) I was only getting 42 miles a gallon. True there’s a 35 to 40,000 mile difference between 75,000 in the mileage I had, but all that stuff had to be replaced, shocks rotors brakes all the fluids etc. and gasoline is nowhere near three dollars a gallon out here. A little over a year ago, gasoline was at $7.69 here in Downey California, and in Beverly Hills was $8.50 a gallon
@@yingnyang2889 -- OMG, you must be a lead-footed driver !!! My Prius now has nearly 190,000 miles and so far ZERO repair bill, all shocks, brakes and brakes pads are still original since purchased, with the exception of the wiper blades, spark plugs and coolant fluids that were changed by me at home, and tires at the tireshops. I do my own oil changes that cost me $30 each time in oil and filters. The brake pads are still like new. I'm getting 50 mpg in the winters and 55 mpg throughout the rest of the year. The MPG has not changed since new. Almost NO oil consumption, may be 1/2 quart every 5,000 miles.
@@trungson6604 Base Prius comes with leather, heated front and rear seats, heated steering wheel, and glass roof?
@@saultknutz1166 ...I prefer cloth seat for better ventilation to avoid sweating in the butts and the crotch, and NO heated seat for the same reason. Leather seat is too slippery to secure your body. In the Prius, the heat comes very quickly and in large quantity due to storage of coolant in thermos bottle and exhaust heat recuperation to the coolant for rapid warmup. Glass roof and sun or moon roof are to be AVOIDED...for obvious reasons. To me, the simplicity, higher efficiency, lighter weight, and larger cargo capacity of the base LE Prius model is a must-have at any price.
I think you should have used a standard range model 3 instead of jumping up to a LR for Kelly BB. The numbers were so close it appears you were trying to make the model 3 look better. I mean you didn’t choose a higher trim Prius to compare. Anyway thanks for the comparison, the new Prius Prime may be my choice. It’s a good mix and no range anxiety.
Well the long range is the more popular choice, though it's been sold out for months, and both are slightly less efficient than they could be. The base model 3 is slightly more efficient due to being lighter and the base prius is also better but at the cost of features the Tesla still has.
@@Skylancer727 yes but the comparison started with a standard model 3 but you used the KBB 5yr 75k Mile value of the Model 3 LR which is higher than a standard 3. Therefore the numbers are skewed in favor of the model 3.
Great catch! Definitely skews the numbers in favor of the model 3.
@@jamescurrier5828 also, base Prius comes w/ 15" rims = better gas mileage (~5 mpg better), cheaper tires, etc
Now comes the tiebreaker.... 1hr fill up (and then IT'S still only to 80%) vs a 3 minute fill up.... And RANGE)
1 hour probably from 0-100%. Nothing wrong with a hybrid. How about charging at home while you sleep? Beats going to the gas station.
Not everyone has a garage
@@TheRideshareCoach garage not required for charging.
@@SirTrizzleI have to park on the street where I live. Are you saying I can run a 1000 foot extension cord from inside my home to the residential street? lol
@@TheRideshareCoach you’re shit out of luck! There are people who live in homes that do not have a garage but can still charge next to their home. So like I said before you don’t need a garage to charge but in your case, you need close proximity to a plug. Sucks
Prius will last longer then model 3, and if the battery fail in model 3 it’s more expensive than a car itself in terms of putting down payment for new car, so Toyota still ruling….
wishing it so doesnt make it so. where is the evidence? Just dont exagerate 2015 pricing with current batteries too. Because you know prius doesnt have a good battery reputation? Show me the facts, not a toyota wish list
But if the battery fails in the prius you still need to replace it, it's still bricked. There's people who report that all over the internet and it's still a basically $8K replacement. It's not really much better. But at these current gas prices the prius is just objectively cheaper to run.
@@andyfreeze4072 The prius doesn't have a bad battery reputation. The first and second gen models do as they didn't have a filter for the battery cooling fan, batteries failing for later models is basically unheard of. The first 2 generations also had the flaw of not explaining to buyers not to block the vents as they just looked like a random hole on the back seats, many put blankets on top of them and choked the battery. They since moved it and added filters to be replaced.
I own 3 Toyotas with mileages at 165,000, 185,000 and 202, 000 respectively and they have been bullet proof! Toyota for the all around win.
@@Skylancer727 oh yes they do in technical circles. Just wack a "Ryobi" Li Ion battery in without cooling. Everyone with an understanding of the chemistry will tell you, thats a recipe for massive compromises. The only good thing is that its relatively easy to recycle the Lithium.
I own both model Y and Prius, and here are my real world numbers. In my recent trip from San Francisco to Davis California, I added 113 miles with SuperCharge that costed me around $19.00. With Prius, it would consume (113miles / 57mpg) 1.98 Gal of gas. The current gas price in California is about $4.5/gal. So the cost of Prius for 113 miles would be ($4.5/ gal x 1.98gal) $8.90. Tesla advertised “potential saving” is actually twice expensive than a gas car on a road trip.
What if you charge your MY at home, can it make the round trip from SF to Davis wo supercharging?
@@jml9550 could be. We left home with 80% charge which is 280 mile range. I thought it’s more than enough. We reached to Davis with 47% battery remaining (total 99 miles one-way driven). Map indicated 11% remaining to get home w/o charging. We though it’s too low, so we stopped at Stockton to supercharge. I only want to point out it could cost you more to drive a Tesla for a road trip than a gas car. BTW - if you calculate the actual miles I was driving, it’s only about 70% of epa range for Tesla. I think lots of people has reported the same.
@@liminyao thanks. A lot of coworkers told me to take Tesla stated range and take 30% off. Anyway I was gonna buy my wife the MYLR when Tesla dropped the price a few weeks ago. Wife did not want a Tesla, instead we put in a deposit on a Lexus NX hybrid, but wait time is at least 3-6 months which we are ok with. The NX hybrid will get 41MPG City and 37MPG HY. If we take 1k miles trip to LA, it would cost $130 in gas assuming $5 per gallon. Supercharging will probably cost less but the time it takes to charge is also considerable.
If you filled up your Tesla at home,the trip would cost you about $5 !!! The residential cost of electricity in California is 24,46 c/ KWH
By driving through Davis,you dropping the battery capacity from 49% to 11%. And you had to pay more for that Fast charger to get back.
I roughly added in my own numbers for my 2010 prius and it’s more like 10 cents a mile. Negligible depreciation, insurance is roughly half, no financing, no sales tax, and I just used the numbers for gas / maintenance you used, even though gas is significantly cheaper here than the average.
Exactly. A Prius C would likely to be even cheaper. Not sure whether you can beat the Prius C with a even cheaper car due to the gas saving, but it's possible.
His numbers for Prius are not realistic. He added thousands in maintance and repairs.
I think you need to take in account the loss of range in cooler or cold weather especially if a person lives in those types of climates. A lot of energy is lost with a heater operating to heat the cabin in the vehicle. Therefore increasing the cost of the electricity used to recharge the battery. Also if you are charging away from home there is extra cost, not to mention going out of your way to a charging station,and the time lost waiting for a charge. Time is money, and I’m sure I would rather be doing something else rather then waiting for a charge. I own a phev and I believe that is the way to go….. charge at home for most of your commutes and if you need to go longer distances it switches to hybird mode. Best of both worlds in my opinion.
You need to take that into account for both. I have never driven an EV but have owned two Prius and a Highlander Hybrid. Here in the South when the summer is above 85 I get less efficiency. Same thing below 42 in the winter. I loved my Prius and was hoping the model refresh would give more efficiency but nope
The ten to fifteen year would be where the cost of ownership may be heavily impacted.
Your analysis completely ignores the elephant in the room. I live in the northeast where my EV range drops by 20% in winter so effective EV fuel cost rises by 25% 3 months per year even before you factor in the range reduction / energy cost increase due to running the heater and heated seats. In comparison, my Prius Prime happily chugs along returning over 75mpg average without the worries of a RWD vehicle in snow. While EVs are fast, quiet and "hey, look at me" cool, their prices and slow charging make them impractical for long distance use which is a long term cost that should be factored in by considering... How much is your time worth?
For most trips a 20% reduction in a 250-300 miles range of an EV isn't the drama you're making it out to be. It increases cost? The EV is 2x more efficient than the hybrid. So with 20% heat energy removed it's only 1.8x more efficient? "That's a Bummer." I can drive my EV charging at home or work for 25 miles per dollar (free at work). You'd have to find gasoline at $2.28/gallon to compete with my home charging.
Prius: $32,886
Tesla: 32,773
Both $.44 per mile
At 10:32
Man I had to wait all that time to get to those numbers
Thanks for the details, and this reiterates why I love my Corolla hybrid and still see no reason to switch to EV yet when I get my next car end of this year when my current lease runs out. I do not have range anxiety, nor do I have to care about cold winters or about higher price of fast charging or wearing out tires etc. - just carefree inexpensive comfy hypermiling with fantastic mileage even with AC always on. I do like what Tesla does, but my next car is likely again a Toyota hybrid of a higher trim.
Range anxiety is a term used by people who dont own Ev's, once you own one you realize it not an issue.
@@timorum I am not convinced that range/charging is no problem even in winter or during summer around tourist hotspots. Incorporating charging into a tight schedule/trip will remain an overhead, however small it may be, for some time. I agree this will be for few situations/weeks around the year but why pay more for this when I don't have to.
@D Mukherjee I would say why waste time and money at petrol stations when you dont have to. Ev's are a different way of operating - hard for some to get their head around. If most of your daily trips are within the range of the ev you chose, then owning an ev is way more convenient than an ice add to that the far superior interfaces/acceleration/noise etc etc. Go for a test drive.
@timorum I agree that EV will be more convenient for me 85-90% of the time if I get home charging. And performance/acceleration/OTA updates/features etc. would be nice on top, though little opportunity to enjoy on the public roads under the speed limits.
My dream car is a Tesla plaid without yoke for that matter but I gotta level up for affording that one.
But coming out of the dream world and thinking practically, thinking over the EV situation in a harsh winter(no guarantees there'll be none in the next 4 yeas etc.) or having to search/wait for fast charging points next to busy tourist spots/routes during summer road trips, the hybrid will be more convenient(and even more so if public EV fast charging lags behind EV adoption, and I expect this happening for the next few years). And the infrequent visit to petrol pump for a Toyota hybrid is better than having to plug in the car like I have to do my phone daily.
So ultimately its a seasonal+exciting EV vs perennial+carefree Hybrid option where my next car is probably again a Toyota Hybrid later this year as my current lease runs out. The one after that 5 years from now likely will be EV(or hydrogen or whatever).
@@dmukherjee8463 You can convince yourself of what you like (much of what you say really isnt a problem) I assure you once you've driven a tesla for week or two jumping into any toyota will seem like going back in time by 20+ years - even toyota executives are now admitting how far behind they now are. I also own a toyota hybrid and really dont enjoy driving it at all any more - I used to think it was nice to drive...... go drive a tesla before you sign up a for another ice.
Real question is will the 3 be on the road after 20+ years…
More likely than the Prius.
@@JJSmith1100 False, Toyota has a history of longevity. And I'm a fan of Tesla because Elon is exposing the NWO for all to see (Criminal cabal, wake up!)
@@CelestialTrieye Yes Toyota does, but not so much the Prius.
@@JJSmith1100 Many 20 year old Prius are still in use.
Yes.
why just 5 years and not 10 years. considering the average car ownership length is about 8 years, the cost savings can be even more dramatic as it seems like year 5 is the breakeven between the prius and the 3.
Is tesla last more than 5 years ?
@@khoinpham The Tesla will easily last past 5 years ..... They have a warranty for 8 years or 150,000 miles ..... but they are estimated to be good for 500,000 miles or more, especially the newer ones
@@khoinpham curious… how old is your car?
My thoughts exactly! I don't know about the average Tesla owner, but many Prius owners purchase because of the durability of the vehicle, and it's not uncommon for a Prius to be with the original owner for 200k or more.
The analysis, IMO, should cover the entire warranty period at a minimum, since that is the most common point at which an average buyer will consider replacement. And, if you take the analysis out to the 7 or 10 year mark, the Tesla will come out ahead.
Great video, Jon!
Thanks 👍
Liked your comparison. One thing to consider is the cost of installing a 240v home charger for the Tesla. That can cost 5-6K.
You dont need that though.. I have a 240v charger installed for 300 bucks. just had a new 50amp breaker installed and wired to a dryer outlet
I charge my Chevrolet Bolt EV from a 110 volt outlet. No extra cost there.
@@andrew5168 I had to upgrade my panel from a 100A to a 200A. Total cost was $5k
@@erayapana Depends on your usage. Most people drive less than 50km a day, which means a 110v outlet is actually enough. No upgrade needed.
@@jacksonbangs6603 how long g does it take to fill charge it with a 110v?
I've owned a 2018 Model 3 LR since Oct 2018, over 45,000 miles and have only replaced the tires and one set of wipers. The second tire set went on only recently. Nothing else. Having a solar roof fully covers the electric needs of this and my Model X. They are suprizingly efficient, powerful, and nimbel vehicles to own. Honestly, I can't imagine buying anything else at this point.
2018 LR 63k miles, 1 set of tires, 1 set of wipers, 1 cabin filter replaced by myself, $15 brake fluid check. Insurance is higher on Tesla though. We don't have the extras in the new models: heat exchange, heated steering wheel, power trunk, Zoom app, 12v Lithium battery, but we have ultrasonic sensors. Still on HW 2.5. Could be the first car going over 200k miles in its lifetime.
Toyota's are anything but nimble, or quick, plus Toyota has fought EV adoption, forget them.
@@richardalexander5758 There is a reason Toyota has opted for a broad range of offerings instead of only EV. The short sightedness of current (No pun intended) EV buyers will bite them in the net few years I think.
@@Trust_but_Verify I've been hearing that Tesla insurance is far, far cheaper than conventional insurance carriers.
@@Fireballsocal I doubt that, Ben. Municipalities are going to ban ICE engines pretty soon here. Do you think that the Legacy auto makers are going to keep making ICE vehicles right up to the end? Think; economies of scale in reverse here.
Psst, we ain't going back.
One thing you fail to mention is that the quality is far superior on the Prius.
Prius gets 57 mpg. as an owner of two Priuses. Not true and is baloney. oil change every 5k, 2 hours x 15 = 30 hours(75k miles.). Pumping gas once a week, 15 minutes x 52 weeks x 5 years = 65 hours. vs model 3 charge at home and no oil change. 30+65/24=3.95 days. Lost almost four days of time just pumping gas and oil change. Best of all. all Teslas are some of the safest vehicles on the road today. Who is SPAN?
Great video but you must factor in dealership markups when purchasing a 2023 Prius.
I recently flew into Seattle. I took a prius taxi one place and a Model 3 uber back. The Model 3 was the cheapest feeling car I've been in. The back seat I think was designed for kids. I had to lean way over to get my head in, there was no leg room even with the seat all the way up and tilted. Also it was the roughest riding car I've been in. Me and my friend was joking about the suspension must be an extra option like autopilot. The prius, which I don't like, rode smoother and had more room.
Actually that rougher suspension seems to be what a lot of people pay extra for, for some reason. It's been a long running feature of "sport upgrades" like how the Toyota Camry can get sway bars. These features make the car corner better at high speed, but they also make the ride far more rough. I've always thought that these sporty upgrades are ridiculous as for normal drives you'll never be making high speed turns except on the highway where the turns are really wide.
But I've seen some car reviewers actively hating on softer suspension as it "sways in the turns" and "pogo-sticks on large bumps". But everyone knows you shouldn't throw your cars into turns anyways as it's bad on the tires and risks a spinout, and you should always avoid larger bumps and potholes as even no matter what it's bad on the bearings and rims. I don't see a reason I'd want stiff suspension.
@@Skylancer727 first off, I had the same experience as motorcycleman. My knees were scuffed against the plastic back of the front seats, and it was much less legroom than I expected; my nissan versa has similar legroom! Secondly, EVs are very heavy. This means that you would get uncontrollable and unsafe body roll if you get softer suspension. The easy solution is to get a harder suspension, or get adaptive dampers or air suspension. Have you ridden in a model Y? It literally feels like a shopping cart. Bouncy as heck this thing.
Just saying that after tried the Model X in person, we decided not go with Tesla. For a $100K+ SUV, it is just not there and we just don't feel like we are in a $100K+ SUV, compares to other big SUVs.
Lol, you haven't tried my Prius C.
@@kevinyu9645 Standard range Model 3 weighs about 150lb more than a comparable car, that's not "much more" Also the Model Y suspension has improved allot in the recent versions.
In my place in CA, electricity is approximate 40 cents per KWh. Energy cost is similar for the 2 vehicles. Many people do not qualify for the $7,500 tax credit.
I think some things need to be added to the TCO to be fair. First, how reliable is the Tesla compared to a Toyota when you look at the Consumer Reports reliability studies. When I get a vehicle I want the most reliable car available. If you have to take it to the shop, how close is the closest shop that will work on it. With a Toyota almost any reputable service station will work on it, can't say the same with Tesla. Second, you should really include the time I'd have to wait for the vehicle to get from "E" to "F," be it gasoline or battery. Time is money, how long does it take to go from E to F on a Telsa at a public charger, then compare that to how long it takes to fill the gas tank on a Prius.
Time is money? Dude i know for sure you are wasting so much time of your life on nonsense stuff. Am i right? Just be honest. Please. Steve. Such a BS argument you got there while you waste so much of your spare time.
Awesome video! Thanks!
The Prius can do 44 miles of pure EV driving on a charge (plenty for my daily use case). It also has an ICE for long range. It's a Toyota, and on top of that these Prius primes are built in Japan, so build quality will be hands down better than Tesla's.
The Prius is actually much more practical. There's no need to faff around finding chargers, waiting eons for your EV to charge etc. Just fill her up and go just like a regular car.
oh yea, drive around to finding a station happens at the speed of light. Dont forget to drive around to find a charge station for your mobile phone , now there. How quickly habits are assumed to be the norm and any change is just too hurtfull to the grey matter, lol.
@@andyfreeze4072 There are 5 or more petrol stations close to me, I can fill up in less than 5 minutes. The nearest cherging station to me is 30-40 mins away, and it would take a lot longer to charge. I would like an electric car, but I don't think they're as practical- yet.
THANKS JON, MUCH APPRECIATED 🤗💚💚💚
If I could do it over, I wouldn’t have bought my Tesla and would wait for the Prius Prime.
The biggest thing that people aren’t transparent about is the inconsistent range. Even if the car says 280 miles of range, true mileage per charge is really closer to 200. If it’s below freezing with snow tires then good luck getting over 150 miles of range unless you turn off heat, radio, and anything else that isn’t necessary to drive a car. Too many compromises to get to that advertised range.
@Cleanerwatt Can we get an updated video comparing the Prius, Prius Prime & Model 3?
I will still take the PRIUS over the Tesla Model 3, I just dont like the front end of the M3
I’ve been driving EV’s since 2013. The problem is the charging network. The majority of charges where I commute are broken or occupied. It’s not working now, so how bad will it be when the EV percentage doubles, or triples.
Our 2018 Dual Motor red model 3 is costing us $724.69 with full collision zero deductible and car replacement value guaranteed.
I don’t know if the FSD I have is part of the replacement. I’m going to have to research that a bit.
one thing no-one talks about is the price you pay upfront (without tax credit about 11k) is just like a loan you're giving to Tesla. To then get that promised savings back over time to make up for that money. If you can save that money today by buying a cheaper car and invest in something that gives you returns on that 11K money. You could have saved more than 11K at the end of the 5 years.
It's important to note a lot of people don't own a home where they can charge at night. If people are relying on public chargers there's a time cost that comes with EVS.
Also, if you decide to install a charging station at home the average cost is about 2k 😮
How about a winter comparison between the Prius and Tesla driving coast to coast across Canada when the average temperature is -10f/-23.3c. I'd like to see a focus on coast of trip vs time spent driving and fueling/charging from point A to point B in these conditions. No need to worry about performance in snow and ice for this comparison because tires are the single biggest factor in snow and ice.
how would you price in cost of charging using superchargers? Say you drive average 20k per year and at what percentage of charging at superchargers makes it more costly?
I think you should consider the options and interior available on the vehicles as well. Tesla has a very sparce interior with only one option for seating material so no cloth or leather seat options for those that like them. Also how comfortable are the seats and how's the ride comfort of the vehicles. I do drive long distances often so the overall comfort is a factor as well and I do prefer using leather so that the animal hides don't end up having to be disposed of.
Recharge time VS refill ⛽️ times 😂
You’ll also need a charger, possibly garage, etc. for Tesla
I bet if the model 3 LFP loses the 3,750 battery tax credit, Tesla will just lower price to 39,990.
It doesn't seem model 3 SR LFP is selling well. A lot of in-stock inventory.
When you think of it, Elon prefer free market in manufacturing as long as he gets the socialist rebate to sell more. no rebate i will move my operation to third world country
Excellent video!
Quality of Prius is much higher than Model 3. That is the fact.
Jon calls the previous generation Prius “stodgy,” but that is not my idea of stodgy. I would call the styling “weird” instead, or maybe “atomic cockroach.”
I vote the Prius will be cheaper long term as I own one :)
you can get a lithium pack aftermarket for less then 3k for my 2015 Prius at least if needed.
Currently I have only put tires, spark plugs, oil, wipers, coolant flush and gas in my Prius after 135k miles… but did buy a used oem replacement radio for 100 bucks because Safelite replaced my windshield and it leaked on my old radio.
My grandmas will likely get my battery since hers is a 2010 Prius and still original with about 240k miles.
We had to replace its head gasket and water pump… was about 600 bucks in parts and we did it ourselves. Was pretty easy if you have the correct tools and some decent mechanical skills. 2010 was more common to have this fail then the later models of Prius.
Parts on Tesla that will fail during the ownership will for sure flush any savings on not buying gas and oil when factoring in the higher price to buy.
Plus tires are super cheap on Prius and since it’s not a powerful car, they can go further on a set of tires.
I bought my Prius for 16k being only 2 years old with 18k miles. The value in this case is simply a no brainer :)
Sure, a Prius is super boring and not exactly a fancy car, but it’s so stress free to not worry about any door dings or getting any parts for it if you need them.
Plus if your kids are slinging stuff everywhere in the back, being a cheaper car will make you cringe less lol.
This outlook is from someone that don’t have a ton of free cash laying around and just trying to have reliable cheap transportation so I can focus on assets that don’t depreciate like increase my home/property value.
Depends where you live, here Prius starts at 45K Euro, and the Tesla RWD cost 42K Euro. And when you have dynamic electricity contract you can sometimes charge your car with negative prices. Which mean I GET PAID for charging my Tesla. Yes you hear that right. Especially in summer when there is so much solar and wind energy that the market turns negative. Only DUMB people here would take the Prius over the Tesla. As we have chargers EVERYWHERE. Even my boss has 2 DC fast chargers at the parking lot. And 20x 3phase 11kW chargers. And almost every highway has some fast charger. The Prius you have to pay road tax, a full ev does not need to pay road tax. And many more advantages.
Yeah, just depends on location for sure.
Here where I live you pay more taxes to renew a tag on an EV.
Also, with me buying my car for 16k and my grandmas for 5k, It’s more cost effective for me to own these cars as I paid them off and have a reliable car that will last 300k miles easily on basic maintenance and repairs :)
I just don’t have the money to replace a Tesla battery When it fails.
It literally would cost more money then my used Prius cost I bet.
@@brandonott7258 Yes but any car can fail miserably. But i agree with you that EV's are still expensive and you are better off in most countries buying a decent Japanese car second hand and paid cash.
Great video sir 🙏
Informative and interesting.
Prius is the easy winner if it's your only car imo. Imagine there's an emergency.... or if you have an idea to do something impulsive and fun... It's nice to know that your car is always ready to go as far as you need it to. Tesla is still an expensive gimmick to me (but still awesome). I think if all you have is a Tesla, that range/charging-time is going to be a constant nuisance/source of anxiety.
Only issue is that it's difficult to repair a Tesla. Can't go to autozone and buy some parts.
The only quibble is I didn’t notice if you included the ~10% loss when converting AC to DC when charging at a level 1 or 2 EVSE at home. That’s small but significant. Still worth it IMHO but it’s a cost that has to be included.
I was going to mention this. I did my calculations using that 10% energy loss.
Also 3kw ghost electricity loss when you simply park your Tesla
@@walkingconifer that’ll be reduced greatly if you turn off Sentry Mode and Cabin Protection.
Do you have a plug and play spreadsheet you could share that includes the variables you mentioned for cost of ownership over 5 years?
What is the cost of EVSE or the cost of supercharging for the EV ?
The Prius has a Safety Problem… If you drive it, you are likely to die of boredom!
2023 model does 0-60 in 7 seconds while the early generation is 10 seconds.
nothing will beat Toyota's legendary warranty. 150,000Miles/240,000km 10yr nobody currently can match that in the industry.
Strictly speaking dollars and cents, Tesla and Toyota are on 2 opposite ends of the spectrum. Toyota is consistently the cheapest to own and Tesla is among the most expensive. I always buy entry level and don't care for options so $27k Prius vs $45k Tesla. $18k difference! A lot of people get hung up on the "paying for oil changes" argument or the high cost of gas when that's short money compared to entry level cost. There's just no reasonable price comparison.
5 years? Cars last for 14 on average.
I'll still choose the Prius over the Tesla due to Toyota's reliability
Awesome video. Super good
If repairs are separate, I'm not sure where they get the maintenance numbers for the Tesla. Other then tires what is there? Brakes will last 100k+ unless you drive like an idiot, no oil, no transmission fluid? Also, many shops have free tire rotation. After 55,000 miles I can't think of anything but windshield wipers and maybe a cabin air filter but there's no way that comes close to that number. The tires were around a grand at about 36,000 miles but that's it.
Yes ,I think that you have spotted a very unreasonable bias in this story. In my experience with Toyota,the maintenance costs and the purchase price will be padded by the dealers. As many have said here the costs for the Tesla was one set of tyres and some washer fluid. Add a carbon tax or a much more realistic price for gas over the next five years and every on of these calculations will need to be reworked in favour of the Tesla.🤷♂️
A 5 year comparison may be vastly different to a 10 year comparison and for sure, will be entirely different to a 15 year comparison. I'm talking about battery life. Both vehicles will need a new battery in that 15 year span but the tesla will be cost prohibitive, costing as much or more than the vehicle has depreciated to. The prius will be expensive as well but at 13.6 kWh to 58kWh, the cost can be absorbed into maintaining the car. Less than 25% of the cost of a tesla battery. As the cost associated with battery degradation become better known, resale values on EVs will drop accordingly. I think there are many reasons to own an EV but cost of ownership right now before a good baseline has been established is disingenuous.
I recommend you watch any recent interviews with Jeff Dahn, Dalhousie University battery researcher. He's explicitly stated that current Tesla batteries are identical or better in terms of performance and degradation to his standard Li-Ion battery technology paper which indicates over one million miles of longevity with capacity (i.e. range) deteriorating by 10% and leveling off at around 90% for the first 15 years of life.
If you buy a Tesla today, you almost certainly won't need to replace your battery within 15 years, and in fact the battery will likely outlast the car in terms of useful life. His team continues to run the test cycles on the same standard battery to this day and are still seeing 90% capacity after 16,000 charge cycles. That's several million miles.
This is for NMC battery chemistries (so, all longer range Teslas) under normal usage, which means charging most often between 20%-90%, leaving idle between 50-70% when not in use (for weeks), and only charging beyond 90% occasionally when necessary, such as on longer trips to areas with sparse charging options. Of course, if you ignore that advice every day and either leave the car charged to 100% or driven all the way down to 0% for days on end, your battery might well need replacing sooner.
Tesla's in-car UI makes it very straightforward to learn the ideal charging behaviour and reminds you if you occasionally go into the extremes to get back to normal operating range as soon as feasible.
Personally I find it very easy to stay within the ~20-90% charge range, even though I occasionally dip under/over, and I don't have any way to charge my car at home.
@@nettlesoup Excellent comment. Facts, sources, and everything. Should EV batteries work out as Mr. Dahn believes, it will be a game changer.
I don't think that real world performance will be anything like what has been recorded in Mr. Dahns testing.
To date, the oldest EV battery I could find that was still in use in a car was a 2010 tesla roadster in Great Britain. The story was from 2021. It's unclear if the pack had been refurbished. Plenty of other stories in reddit, quora, etc of replaced packs. The batteries do have the ability to take many charge cycles and I read of a tesla with 400K+ miles (Pack had been replaced).
No, I believe the batteries will age out and not wear out. Even a pack that lasts 15 years renders the vehicle essentially a disposable device unless the owner decides to spend $20K or more on a new battery, for a car that isn't worth the cost. Since I am unaware of any EVs with lithium batteries of that age, I will have to take a wait and see approach.
Should Jeff Dahn (Who is employed by Elon Musk) be correct, or should Toyotas solid state batteries come to fruition, or someone else crack the battery lifespan code, I can see EVs being a much better idea. Here and now though, I think they are a niche product and one that doesn't offer a value that an ICE vehicle does. Performance is off the charts though.
Hi, Thanks for the info. Good stuff. Next, I'd like to hear your comparison of the 2023 Toyota Prius Hybrid and the 2023 Toyota Prius Prime (EV) and what the true cost of ownership is between those two vehicles!
I don’t in the US but in Japan Tesla customer support sux. This counts a lot for me so I will take the Prius any day.
Comps are a challenge. I've had my Prius for 10 yrs, avg'd 45 mpg with long highway trips and daily driving around a major US city, and went to 110,000 miles on the original breaks. The only money I've spent has been to replace said brakes, a battery at the 7 yr mark (270.00), tires and oil changes. The host does a nice job explaining things, but is leaving out the payment difference in carrying the cost of a 45k v 28k car. Personally, I dislike the tax incentives being given (although would take advantage of them) because they are inefficient for the market, as the average US family cannot afford 45k on a single vehicle.
Time is money, especially when the vehicle is used for work. Have you calculated the time wasted waiting at the charging station to recharge the Tesla?
Prius prime owner here. The number one question I asked people when they think about switching to electric is your home charging situation. All of these costs calculated in this video are about home charging. I pay around 11 cents per kilowatt hour but the nearest supercharger for me is around 60 cents per kilowatt hour.
You are lucky that you don't have to install 220v charger LoL. 3 out of 4 people that I know had to and it costed them thousands more.
I'd like to see a TCO for 10 and 15 years - which is the ballpark on how long I keep my vehicles - for example, my daughter is getting my 2006 Corolla for college. Also, for energy costs, you need to factor in come percentage of use with the SuperCharging network or other DC fast chargers - I'm not really sure what I good number would be - probably the average road trip miles taken in sedans - if that is something that can be figured out. Since I work from home, over half my miles came from road trips using my Model Y. The closest thing to a commute is that I pick up my kids from school every workday - which is 10 miles total - plus any local errands. Even so, I've put on over 10,000 miles last year.
The environmental cost in making a EV is extreme,
@@BillyBob-fd5ht Information about this is widely available online but even so, it is hard to nail down exact numbers for a specific car. However, based on Tesla's report on the Model Y, it breaks even at about 15,000 miles of driving - based on average grid mix in the US. That's slightly more than 1 year for the average US driver.
I don’t see how that is the clear winner when initial cost is so much lower on the Prius. How much debt do you wish to accumulate, and if cost is a factor there is no way you are getting the total $7500 in tax credit unless you can itemize and extend that over a few years. I find it disturbing that people think an entry level car should cost 40k plus, and don’t bat an eye at it.
In a snowy area, you NEVER want rear wheel drive. It is even worse when you have a lot of torque!
You can't beat reliability......and ressler value....and low repair cost.....that's when the Toyota Prius wins big
2023 Prius Prime is going to beat a Tesla Model 3 in short distances and long. Prius has plenty of range for 30 mile round trips in most cases most of the time. It can get 45-55 mpg easy on highway at highway speeds in most cases. Insurance will be a wee bit cheaper because prius. If you can get a prius prime for MSRP, it is cheaper or equal to a model 3.
Engine oil changes and all that, sure. But those costs are relatively nominal and not as much as most people estimate because in theory you are putting less miles on the ICE in the prius prime. Tires last longer on a prius as well.
Too many US States (I just did some research to verify) are adding extra fees and taxes onto EVs for public charging and annual recurring vehicle registration which negates savings at the pump.
There are fewer and fewer good arguments for a Tesla to be more cost effective than a properly designed PHEV. Well designed = the car uses 100% electricity under all conditions until batter is depleted enough to require charging. Some PHEVs will run the ICE even if the batter is usable because of weather or "excessive acceleration"
Even with tax credis not, I don't buy the arguments that EVs are cheaper because there are too many "it depends" and with rising fees and costs of EV ownership that's to backwards boomer US States, there are enough cases where a Hybrid, PHEV, or even every efficient ICE car is cheaper.
You don't buy a tesla to save money, you buy it because you like it, want it, can afford it, and believe that owning an EV makes sense for you. If you are driving truck or something that like, sure a Tesla will save you money. It's sketchy for Tesla to be pushing the "after potential savings" crap on their site these days.
super comparison analysis my friend - my situation is a little different as my model S is under Tesla's free unlimited free super-charging & repairs are mostly done by me to save even more - all repairs I've done were learned on CZcams & parts purchased were 3rd party better than OEM parts - that would be the recommended way to save on all required maintenance & service on every Tesla model in my opinoin - also fun to learn as well.
regards, Will Stiegler
Watch Rich rebuilds on Tesla. not a very friendly company on 3rd party repairs
Give it a 15 year cost when the battery needs replacing. $20k for a new battery.
Prius is killing model 3 left and right, plus no range anxiety for long trips.
Here in the Phoenix area, cost of electricity off hours is about 5.3 cents per KWH. I have a 2022 Y and a 2013 Prius and like them both although the Y gets the nod. My point is that charging off hours I suspect in most states where there are off hour electric incentives, the model 3 would pull ahead.
sadly, Tesla doesn’t have it portable charging station, which is small, combustion engine like Prius. Tray to travel with Tesla, you’re screwed unless you’re willing to wait for sometimes hours to charge your car to go another speck farther just to be charged again.
I was surprised at the maintenance and repair cost you quoted for the model 3. In 75,000 miles you may need a set of tires. But other than that not much more maintenance should be required. The Highland project that Tesla is working on may bring down the price of the model 3 considerably. More information on this should be revealed at Tesla's investor day on March 1st.
Expect to need a new set of tires in 30-35k miles. Tesla specs tires for range and handling, not life. Buying tires with less tread depth helps the former two, but not mileage before replacement tires are needed.
It’s the weight that uses up tires more quickly than expected especially if you take corners in a “spirited” manner. We own a 2018 Model 3 and 2016/17 Model S and had a 2006 Prius “Touring” before the “3”. Love Tesla and see “Dual Motor” as a safety must.
75k gonna be 2~3 sets of tires, and change out blades, cabin air filter once per year. And if you're a aggressive driver you might be due for new pads and roters by that point as well even with regenerative breaking.
@@mrspeigle1 you have to change the air filter every year ?
I’m at 38,000 on my original tires and still going strong. One thing I have been doing for about two years is inflating the tires higher than the originally recommended pressure about 5lbs. I did this bc I noticed premature excessive wear at the shoulders with minimal wear in the middle of the tread.
Note: doing this gives slightly more range and makes the ride harsher. Theoretically it should make make the car easier to lose traction - but Teslas AWD are glued to the road so I’ve never lost traction. This was common with ICE vehicles- another discussion.
Some will say - you shouldn’t exceed the recommendation… well after two years of doing it Tesla has finally caught up to me and increased the recommendation as well. I think they figured out they were just wearing out the outer couple inches and leaving all that meat in the middle.
Note: If you’ve already worn off the shoulders it’s too late and you have to replace!
I have lived with 2 third gen priuses sold. Now one 2020 prius prime my wife drives and a 22 model 3 rwd. Love both for the same and different reasons. The prime is the Swiss army knife of cars and the model 3 rwd suits my needs, free charging at work and 14c per kw at home makes it the cheapest car per mile I ever owned. So far about 50/50 ratio of charging at home and work. Never had to supercharge yet. I think if I just needed one car I would go plug in hybrid but for our needs having one of each is ideal.
Here are 2 things you did not take into consideration:
1. Your analysis did not include any trips beyond the maximum range limitation of the Tesla. I just watched a video of a person in an electric truck who sat at a charging station for 45 minutes, got an extra 60 miles range, and paid $20 for that. Unless someone can show that charging stations are actually very cost effective for the time expense and mileage, I would say you'd have to include expensive recharge station costs.
2. Cold weather mileage reductions. You can expect a 20 to 30% mileage reduction due to cold weather on any electric vehicle. That also unfortunately feeds into the need for more recharging station uses during cold weather.
At least with the Prius, you don't have to have range anxiety. With a Prius I could have one vehicle and not have to worry. With a Tesla, I'd probably have to buy a second vehicle if I wanted to take long range trips and not have to worry about being stranded or pain exorbitant charging costs.
P.S. as an added bonus, electric vehicles require special tires due to the extraordinary stresses, wear and tear from the electric vehicle motors torque. It's the same for both vehicles, but it is guaranteed to be an added cost over the 5-year ownership of the vehicles, and I did not hear you add in those unique costs.
Thank you for the great video and your viewers for the great comments in here. Would like to see an awd Prius to awd model 3 comparison as many buyers won't go for fwd / rwd. I think you also missed a huge factor that's hard to quantify, quality and trust. Toyota dominates on both over Tesla.
It's not hard to quantify quality, Consumer Reports does a good job of it with their reliability studies.
In CA currently 35 C/KWh and that's tier 1. If you go to tier 2 and above it gets much higher. Also the EV range drops by 50% in very cold climates. Heat takes a lot of juice out of the batteries. While in an ICE heat is free because more than enough is generated by the engine.
Gas is also a lot more expensive in CA. Heat is not free in the ICE, it is literally the biggest loss of energy. So yeah, you have plenty around because you just need to get rid of it
@@mihaiconstantin-pau5116 What do you mean it's not free? It is free! You just said it! There's plenty of it that's generated and can be used to heat inside the cabin. The calculations this guy has done is totally skewed in favor of EVs. Yes, gas is more expensive in CA but the proportion is not the same as electricity. Don't try to twist the facts here!
@@mihaiconstantin-pau5116 frank is correct. ICE engines have about 45% efficiency, which means that 55% of the energy from gasoline is converted into heat, sound or friction. This energy, if it's not used to heat up the cabin, would've been otherwise wasted. So heating is free in ICE engines. Cooling isn't, however. I think they cancel each other out over a full year, but in an electric car, both heating and cooling will cost you in miles of range
@@Moohanjagoodaroos but it’s not free in a hybrid. it loses mpg because the engine has to be on.
@@moreeelifeeWhen a hybrid or ice is running It generates heat regardless. That heat is directed inside the cabin and it's free. EV has to consume precious battery to generate heat for inside the car and also the battery itself (battery will lose it's efficiency significantly when cold). You can research this online from an unbiased source not someone who is pushing the agenda for self interest (either owns the Tesla stock or getting paid to push the agenda).
My charging cost with Georgia Power is insanely low during 'super off peak' hours of 11PM to 7AM. The rate is .017 cents per kilowatt hour! I drive all month charging at home for about $5.50!!!
1) There are no scheduled services for a Tesla 2) Fuel costs for a Tesla in Australia vary significantly. Per KW, 61 cents Tesla supercharging, 28 cents peak grid, 14 cents off grid, 4 1/2 cents roof top solar. 3) I do not believe for one second, a Tesla depreciates, as a percentage, more than a Toyota. 4) Cars last for 10 years not 5. Outside of warranty a hybrid will always have more things go wrong than an EV because they are very complicated. Also spread over 10 years fuel costs become more in favour of an EV. For example a petrol Camry will cost $31,000 in petrol over 10 years as opposed to a Model 3 charged with roof top solar which would cost less than $1,500.
Actually the depreciation of EV’s is minimal in first 5 years, after 5 years though their price will drop drastically down, because the battery will be getting closer to end of its lifespan. A car with internal combustion engine will not have that disadvantage. And when you calculate the costs at 8-9 years I think the result will be different. You can always sell a 10 years old int.combustion engine car, but can you sell an 10 years old EV? With the original battery?
This whole video needs it be redone with TM3 vs Prius Prime.
I did the same comparison here in canada but with a prius prime SE. Both M3 and PP are eligible for EV rebate. I live in MB Canada and with rebates and taxes in:
M3=$57,708
PP=$42,635.26
Annual maintenance PP=$388.23-dealer
M3= ignored people claim no maintenance
Ignored also insurance, based on driver.
Annual charge+gas /16,000km
PP=$384 ($1.6/liter, 0.14/kwh)
M3=$350 home charging only
5 yrs TCO
PP=42,635+1,941.15+1920=$46,496.15
M3=57,708+1750=$59,458.
Difference:$12,961.85, it will take 30 years to break even getting M3 over PP even with 0 maintenance and no road trip. Even worst on road trips, Supercharging cost here is 0.60/kwh across trans canada.
put the excel sheet somewhere so we could download it and change the value, thanks !
In winter regions EV vehicles has issues with cold weather . Heaven forbid if EV is in accident , extremely long wait for repairs . I’m a fan a EV”s however please inform of other issues with both vehicles .
The biggest determining factor is the $7500 rebate. Otherwise if you do a 10 or 15yr then Toyota wins
My husband and I have two 2013 Toyota Prius hatchback and have given us no problem. The batteries are working great and we absolutely love them we average around 50 miles per gallon. I would definitely go with a Toyota Prius again and I would love to try the new Toyota prime when it comes out. Toyota absolutely knows what they are doing and you can get a Toyota serviced all over the country. How convenient would it be for Tesla? We have a friend that has a Chevy volt and is having a terrible time trying to get his all electric vehicle. Serviced adjust any Chevy dealer!
First, I like both of these vehicles. I own, and love, a 2018 Model 3 Long Range. However, I’m curious as to why you suddenly switch to using the Model 3 Long Range (as opposed to the Standard range model you use for all the other parts of your comparison) when you compared resale value. It feels like maybe you wanted to give the Tesla a better chance at coming out ahead. So you switched to the more expensive model. I hope that’s not the reason you did this. Tesla sold the Model 3 “Mid-range” in 2018. This would have been much closer to the “Standard” range you use throughout the rest of your comparison. Could you explain? Otherwise this seems like a less than credible video.
he also selected the XLE plus the $1700 addon package while calling it the "basic package". Apples to Apples would have been LE with the $35 addon and the Model 3.
I financed a used 2010 prius with 50k miles for 12k. payments were 200$/month (paid it off in 2 yrs) the car currently has 260k miles on it no problems just basic maintenance. On the other hand a friend of mine financed a used model 3 for 45k payments are 700/ month plus insurance. Long story short you don’t need a brand new Prius when a used one can last just as much or more than the Tesla. That just my opinion.