Tesla Model Y Ownership Costs: A Year in Review

#TeslaModelY#EVOwnershipCosts#ElectricVehicleExpenses#ModelYCostAnalysis#ChargingCosts

TL;DR

This article details the ownership costs of a 2024 Tesla Model Y Standard Range, driven approximately 28,000 kilometers over the first 10 months of ownership. The author meticulously tracks expenses, providing a comprehensive breakdown of charging, electricity, insurance, maintenance, and overall cost per kilometer. The results suggest that the Model Y's operating costs are comparable to a small-displacement gasoline car, although significant upfront costs like the charging station installation are included.

The electric vehicle (EV) market is experiencing rapid growth, and Tesla remains a dominant force. Understanding the total cost of ownership (TCO) for an EV like the Tesla Model Y is crucial for prospective buyers. This firsthand account offers valuable insights into the day-to-day expenses associated with owning a Tesla, highlighting both the advantages and potential drawbacks.

Detailed Breakdown of Expenses (over 10 months, ~28,000km):

The owner of the Model Y Standard Range meticulously documented their expenses over the first ten months of ownership. Key takeaways include:

  • Charging Infrastructure: Installation of a third-party charging station, along with wiring, cost 2500 RMB. This upfront investment is a significant consideration for EV owners, especially those without readily available public charging stations.

  • Electricity Costs: Electricity consumption, primarily from the national grid (estimated from the owner's app), totaled 1910 RMB. A few fast charging sessions added approximately another 300 RMB to the total, bringing the total electricity cost to 2210 RMB. This component is heavily influenced by local electricity pricing and driving habits.

  • Insurance: The cost of insurance was 6400 RMB. This is a one-time payment, but it's essential to factor into the overall cost of ownership.

  • Maintenance and Repairs: The owner's maintenance expenses included a tire repair membership (299 RMB) and the replacement of six air filters (640 RMB) due to an unusual air conditioning issue. This highlights that while EV maintenance is generally less frequent than in gasoline cars, unexpected issues can still arise.

  • Total Costs: The total expenses for the first year, including all the above, amounted to 12,049 RMB. This gives a cost per kilometer of 0.43 RMB. The total cost, excluding insurance, was 5649 RMB, resulting in a cost per kilometer of approximately 0.20 RMB.

Analysis and Conclusion:

The owner's experience reveals that while the cost per kilometer for the Model Y is comparable to a small-displacement gasoline vehicle, the upfront costs for charging infrastructure need to be factored in. The significant initial outlay for the charging station installation suggests that the total cost of ownership can be influenced by individual driving patterns and local charging infrastructure.

Furthermore, the unexpected air conditioning issue underscores the importance of routine maintenance for any vehicle, regardless of its powertrain. The owner's experience also highlights the variability in maintenance costs, which can vary based on factors such as driving habits, environmental conditions, and the specific model of the vehicle.

Overall, this detailed account provides a clear picture of the financial aspects of owning an EV, offering valuable insights for prospective buyers considering making the switch to electric mobility. Understanding both the predictable and unpredictable costs is crucial for making informed decisions about vehicle ownership.

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