Tesla Model 3 Standard Range Plus

AFTER INCENTIVES

$35,365

MSRP

$36,990

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ESTIMATED INCENTIVES

$1,625

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Loan Payment

$666 / month

Down Payment

$4,069

10% of MSRP plus tax

ESTIMATED INCENTIVES

$1,625

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Lease Payment

$507 / month

FIRST LEASE PAYMENT

$4,576

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Incentives For Lease

$1,625

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TYPE

Sedan

Minimum Seats

FUEL TYPE

BEV

ELECTRIC RANGE

263 miles

MILES PER 30 MIN OF FAST CHARGING

~ 104 miles

TIME TO CHARGE - LEVEL 2

~ 7 hr 50 min

BATTERY SIZE

55 kWh

CO2 EMISSIONS REDUCTION

3,795 lbs/yr

Trees Planted

Gasoline Saved

417 gal/yr

For more details including charts & calculations, please view this page on a desktop.

Compare the Tesla Model 3 Standard Range Plus to a similar gas vehicle, the Honda Insight Touring.

We selected the Honda Insight Touring based on its proximity to the Tesla Model 3 Standard Range Plus based on brand, size, and price.

Purchase Method

Miles Driven Per Year

20,000 miles

Years of Ownership/Lease

5 years

Gasoline Price ($/gal)

$2.95

Assumptions

Sales Tax10.00%

Electricity Rate$0.107/kWh

Electricity rate is calculated as a blended rate based off an average household consumption of 700 kWh. To learn more, please click here.

Results have been updated as of 2/24/2021, 3:50:13 PM.

Cost to Fill Up Monthly

The Tesla Model 3 Standard Range Plus is $60 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Tesla Model 3 Standard Range Plus	$43	$0	$43
Honda Insight Touring	$0	$102	$102

Cost of Ownership

The Tesla Model 3 Standard Range Plus is $524 cheaper to own over 5 years

Description	Tesla Model 3 Standard Range Plus	Honda Insight Touring
Vehicle	$30,114	$24,883
Maintenance	$3,180	$5,741
Insurance	$8,895	$8,510
Electricity	$2,568	$0
Gasoline	$0	$6,146
Total	$44,756	$45,280

Compare the cumulative lifetime cost of the Tesla Model 3 Standard Range Plus to a Honda Insight Touring

Year	Tesla Model 3 Standard Range Plus	Honda Insight Touring
Year 0	$35,365	$29,000
Year 1	$41,992	$35,979
Year 2	$44,921	$40,059
Year 3	$47,849	$44,138
Year 4	$50,778	$48,217
Year 5	$44,756	$45,280

Note: Breakeven chart assumes the vehicles are purchased in cash.

Up to $0 in federal tax credits, plus additional state tax exemptions, are available
for the Tesla Model 3 Standard Range Plus

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit

Customers who purchase qualified residential fueling equipment before December 31, 2021, may receive a tax credit of up to $1,000.

Tax Exemption

Washington State EV Infrastructure Tax Exemption

Washington sales and use taxes do not apply to the labor and services for purchasing and installing EV infrastructure, including home charging stations.

Tax Exemption

$1,625

Washington State EV Tax Exemption

New passenger cars, light-duty trucks, and medium-duty passenger vehicles that are dedicated AFVs and under $45,000 are exempt from state motor vehicle sales and use taxes. For used vehicles, the price must be below $30,000. Conditions and limitations apply.