~~NOCACHE~~ This page last changed ~~LASTMOD~~ [{{counter|today| time| times}} today, {{counter|yesterday| time| times}} yesterday, and {{counter|total| time| total times}}] I own a 2012 Toyota Prius and it's working fine. Should I get a new Tesla car to replace it? There are 4 models of Tesla. ^Which^Type^Seats^Range^Price^Cargo space^ |Model 3|Compact Sedan|5|~272-363mi|~$39k-$47k|~24 cu ft| |Model Y|Compact SUV|5-7|~260-330mi|~$44k-$52k|~76 cu ft| |Model S|Luxury Sedan|5|~405mi|~75k+| |Model X|Luxury SUB|5-7|~335mi|~80k| My Prius has about 22 cu ft cargo space (seats up) or 39 cu ft (seats folded).\\ I would be most interested in considering the Model Y. Compare cost per mile between 2012 Prius getting ~45mpg and Tesla Model Y AWD using realistic assumptions in Massachusetts.\\ Assuming: * Gas $3.30-$3.50/gal * Electricity $0.30-0.34/kWh * Prius about 45mpg * Tesla Y AWD efficiency: 270-300 Wh/mile (which is about 0.27-0.30 kWh/mile) Assume for calculations, gas $3.40/gal, Model Y 0.28kWh/mile, Electricity $0.32/kWh, super chargers $0.30-$0.45kWh Prius\\ Cost per mile = gas price / mpg => 3.40/45 =0.076 or 7.6 cents/mile Tesla\\ Cost per mile = kWh per mile * electricity price => 0.28 * 0.32 = 0.0896 or about 9 cents/mile.\\ Cost per mile using fast-charging 9-13 cents/mile What this means:\\ Given cost of electricity, \\ Prius 7-8 cents/mile\\ Tesla 8-10 cents/mile (home charging)\\ Tesla 9-13 cents/mile (supercharging) //in other states where electricity is cheaper and/or using solar energy, EVs would win out on fuel cost.// Conclusion: Prius is usually cheaper to fuel. Assuming 10,000 miles/year, approximate comparison: |Prius 45mpg|~$755/year| |Model Y AWD (home charging)|~$900/year| |Model Y AWD (Supercharging)|$900-$1300| Note also that EV ownership saves money in that: * no oil changes * less break wear (due to regenerative braking) * fewer drivetrain maintenance issues * no exhaust system But on the other hand, on a Tesla * tires wear faster * insurance is often higher * and then the purchase price Insurance differences in Massachusetts * Prius hybrid: $1,000-$1,400/year * Tesla Model Y: $1,800-$2,600/year Reasons switching from Prius to Tesla makes sense * Tesla has much larger cargo capacity * No gasoline costs * Smooth & quiet driving experience * Modern safety & tech features * AWD is convenient for our winters Reasons that switching might not make financial sense * My Prius is very economical * Insurance for Tesla would be higher * Excise tax would be higher * Purchase price is significant