• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Monday, August 4, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Tesla Model 3 tops list of most affordable cars to own

...outpacing fuel powered rivals

Michael Olabode Williams by Michael Olabode Williams
March 2, 2025
in Electric Vehicles, News
0
Tesla Model 3

Tesla Model 3

782
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Owning a Tesla Model 3 is now more cost-effective than nearly any other vehicle in the U.S., according to a new study by Self Financial. The electric sedan boasts the lowest ownership costs among the 50 best-selling cars, reinforcing Tesla’s financial edge over traditional gasoline-powered models.

EVs Lead the Charge in affordability

The Model 3 leads the rankings, with the Model Y also securing a top-10 spot, placing it among fuel-efficient favorites like the Honda Civic and Toyota Corolla. The study found that the Model 3’s annual operating costs are just over $5,000—$1,400 below the industry average.

READ ALSO

Jeep Avenger hits 200,000 orders as brand gains new ground in Europe

Nigerian government commends SAGLEV for local EV manufacturing breakthrough

The biggest savings come from fuel and maintenance. Charging a Model 3 costs just $636 per year, significantly lower than the $2,246 average for fuel and electricity. Tesla owners also reported spending 30% less on maintenance, with one driver noting that after 54,000 miles, their only expenses were a single set of tires, wiper blades, and a cabin air filter.

Fuel-powered vehicles losing ground

While the Hyundai Elantra closely followed the Model 3 in affordability, beating it by just $43 in annual costs due to lower taxes and fees, the landscape is shifting. As EV prices continue to fall, gas-powered staples like the Civic and Corolla may struggle to compete in long-term affordability.

Many Tesla owners say they’ll never go back to internal combustion engines. With lower ownership costs, environmental benefits, and government incentives, EVs are gaining an even stronger foothold in the market.

Read more on EV Transition: Automakers pivot to flexibility amid challenges

Tags: Around the worldelectric vehiclesTesla

Related Posts

Jeep Avenger hits 200,000 orders as brand gains new ground in Europe
Cars/SUVs

Jeep Avenger hits 200,000 orders as brand gains new ground in Europe

August 4, 2025
Saglev EV
Africa

Nigerian government commends SAGLEV for local EV manufacturing breakthrough

August 3, 2025
Ferrari Purosangue
Cars/SUVs

Ferrari’s half-year 2025 sales hit 7,087 units

August 3, 2025
Aston Martin
Business

Porsche, Aston Martin raise U.S. prices as 15% tariffs hit

August 1, 2025
Tesla car sales in France
Cars/SUVs

New car registrations fall 7.66% in France, Tesla sales hit hardest

August 1, 2025
Nissan spends $1.9m to build UK’s first electric truck charging depot
Business

Nissan spends $1.9m to build UK’s first electric truck charging depot

July 29, 2025
Next Post
Bugatti Mistral Sets 282mph World Record for Open-Top Cars

Bugatti Mistral Sets 282mph World Record for Open-Top Cars

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

GAC Motors Nigeria

1970s Legacy, 2024 Vision: How GAC Motors leads Nigeria’s auto comeback

June 4, 2024
Trucks on New E-Call Up System in Lagos

Lagos registers over 10,000 trucks with new E-call up system to ease Lekki traffic

August 3, 2025
US and Japan EV partnership

EV batteries: US, Japan partner to tackle scarcity of critical minerals

March 28, 2023
Cannonball Legend, Ferrari Dino Heads to Auction After 50 Years

Cannonball legend: Record-breaking Ferrari Dino heads to auction after 50 years

June 25, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Jeep Avenger hits 200,000 orders as brand gains new ground in Europe
  • Nigerian government commends SAGLEV for local EV manufacturing breakthrough
  • Ferrari’s half-year 2025 sales hit 7,087 units
  • Lagos registers over 10,000 trucks with new E-call up system to ease Lekki traffic

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In