Old Toyota Corolla Beats Tesla in Cost Per Mile Over 50,000 Miles

ATLANTA, Georgia — A detailed analysis by a Reddit user has revealed surprising insights into the cost-per-mile of electric vehicles (EVs) compared to traditional gasoline vehicles. After tracking the costs of his Tesla Model 3 and Chevy Bolt against an older Toyota Corolla over 50,000 miles, the results challenge commonly held beliefs about EV ownership costs.

The user, known online as Erv, noted that while his Tesla Model 3 RWD costs around 15 cents per mile in fuel and maintenance, the more than 25-year-old Toyota Corolla comes in at a lower cost of 20 cents per mile when including depreciation. The Chevy Bolt, in comparison, totals 34 cents per mile.

In analyzing fuel costs, Erv used detailed data from past trips in the Corolla, which achieved 33.17 mpg over 100,000 miles. He averaged local gas prices of about $3 per gallon, adjusted for taxes and maintenance costs. While the Tesla’s maintenance tends to be lower due to fewer moving parts, higher costs for insurance and lease payments ultimately affect the overall expenses.

The Reddit post drew a mixed response from the community. Some users praised the inclusion of depreciation in the cost analysis, while others expressed skepticism about the oil change estimates Erv provided. One user commented, “Fuel savings from EVs can often be offset by insurance and higher upfront costs.”

Among the comments, one owner of a Chevy Bolt claimed to manage 3 cents per mile in operating costs, further complicating the efficiency rankings. Others have reported experiencing differing costs and efficiencies based on personal driving conditions and local charging setups.

Despite the data showing higher costs for his Tesla, Erv stated, “I appreciate the enhanced safety and comfort of driving an EV, and that adds value for me.” The experience reflects a broader trend where consumers are looking beyond just numbers, valuing comfort, technology, and environmental impact.

As electric vehicles become more mainstream, potential buyers are encouraged to assess personal priorities when choosing between traditional and electric vehicles. With conversations around EV costs becoming more detailed, it’s essential to consider all factors before making a switch.