Tesla Model 3 Named Most Affordable Car to Operate in the US

LOS ANGELES, Calif. — The Tesla Model 3 sedan has been identified as the most affordable car to operate in the United States, according to a recent study analyzing the running costs of the 50 best-selling vehicles. The study, which examined data from 2022 to 2024, found that the Model 3 costs just $5,061 annually to run, significantly lower than the average of $6,462 for other top-selling cars.

The research, conducted by an independent automotive analysis firm, evaluated expenses such as fuel or energy, maintenance, insurance, and annual fees. The Model 3’s low operating costs are attributed to its electric powertrain, which reduces fuel and maintenance expenses compared to traditional gasoline-powered vehicles.

“The Tesla Model 3’s efficiency and lower maintenance needs make it a standout in terms of affordability,” said a spokesperson for the study. “Electric vehicles, particularly Tesla’s, are proving to be cost-effective options for consumers.”

The Hyundai Elantra and Toyota Corolla, both gasoline-powered sedans, followed the Model 3 in the rankings, with annual running costs of $5,104 and $5,182, respectively. However, their fuel and maintenance expenses were notably higher than those of the Model 3.

Tesla’s Model Y crossover also performed well, ranking seventh with an annual running cost of $5,393. The Model Y’s slightly higher costs were driven by increased insurance and maintenance expenses. The Model S, Tesla’s luxury sedan, came in 20th place at $6,097 per year.

In contrast, the Chevrolet Tahoe SUV was identified as the most expensive vehicle to operate among the top 50, with annual costs reaching $8,046—60% higher than the Model 3.

The study highlights the growing cost advantages of electric vehicles, particularly in the context of rising fuel prices and maintenance expenses for traditional cars. As more consumers consider EVs, Tesla’s dominance in affordability and performance is likely to strengthen its position in the market.