Tesla Model 3: Affordable and Tax Credit Eligible.
A new lifecycle analysis by CleanTechnica shows that the total cost of ownership (TCO) of a Tesla Model 3 is nearly as affordable as the cheapest car available in the United States, the 2023 Mitsubishi Mirage. The analysis takes into account fuel and depreciation savings, as well as the full $7,500 federal tax credit now available for all Model 3 vehicles. The TCO of the Model 3 is only slightly higher than the Mirage, with a $4,889 expected reduction in fuel costs and a $1,941 expected reduction in maintenance costs.