QUICK CORRECTION: at around 6:30, the slide that shows insurance cost estimates has the models switched. The numbers that I speak in the video are correct, but the slide should show ~$102 per month for the Model Y, and ~$79 per month for the RAV4.
If the interest rate is low, the operasional saving of model Y maybe could make sense but if the interest rate is high the model Y may be don't make financial sense because of it's higher initial purchase price.
@Vinny Lamoureux O Come On! The dealership provides you with the best looking staff in the office...and the best looking CEO. Money that makes everyone smile like Mary or Jim or...
Dan Ri: He used the true car cost estimate. Using some extreme datapoint to try and make Tesla look better is nonsensical. What if he used an extremely cheap dealer to try and make Tesla look worse? See how that works?
Interesting video. I know it’s a bit dated but I went to a Toyota dealer looking at the RAV4 hybrid. It was msrp of $36k plus a $7k market adjustment so $43k. I ended up buying a Tesla model y with the 4680 battery for $46,990 minus $7,500 federal tax credit so $39,500…… Tesla Model Y > Toyota RAV4…. U didn’t take in account the market adjustment and add ons dealers are charging.
Why didn't you straightaway use the "total 5 year ownership costs" numbers from Edmunds at 7:48 and 8:16? It has most of breakdowns you need including insurance, financing, depreciation, and fuel. It almost feels like you wanted to handpick numbers from sources that favor Tesla.
Cheaper aside. Think Tech and speed, I had a brand new Lexus RX before my MYP. Listen I have never own a car I’m always looking forward to drive like my Tesla. I look at it all the time through my windows in the office. And sentry mode on my Tesla app. Why I’m I so obsessed? Because it’s not just a car it’s big toy. If you love fun to drive cars then you are wasting your time still looking for anything else. If you still think chrome trim and shiny buttons, gloss console, quilted seats are luxury then Tesla is not for u.
I really love my MYP. Now I'm waiting for my Aptera. BTW, want make people laugh when you see them around your Tesla on Sentry Cam? Push the fart button and enjoy their reaction.
@@niceguyrides good for you. Nothing wrong with using your car for a specific adventure. I’m talking to the ones that’s looking for Evs and love tech as well. This is not for you
Depreciation over 5 years seems rather low and certainly no where near the depreciation in Europe . 20% over 5 years seems ridiculous, not in the future as in the next five years hybrid will depreciate more like double that rate
@Cleanerwatt With the trend away from ICE, the depreciation coming for the gas car is going to be higher...and the EVs with better batteries in the future again making the non-constant costs lower.
Also, you should cosider depreciation only if you are 100% sure you will sell the car. Until you don't sell it, those dollars are virtual to say the least.
@@markotrieste: Yup. I tend to keep a car 15 years (not driving lots of miles), so I don't even worry about depreciation, as I tend to give the old car to someone who needs car in the end. (And I've had such people tell me the car was the best car they ever had, and get years of good overall service from it, in one case for over another decade).
Model Y all day every day. Safety is job ONE at Tesla and after that family of 4 that went over the cliff with a 250ft drop and survived I saw that alone makes it no contest.
Have you seen other accidents where drivers instantly died in Tesla? Because driver "trusted" auto pilot. Shouldn't base your judgment based on one accident result only.
Lol, Tesla’s are complete garbage 😂. GTFOH Tesla Fanboi, go checkout all the Tesla graveyards full of useless Tesla’s. Toyota on Top & that’s facts. Give me a rav4 Prime any day over the shitty Tesla’s. Safety, you mean the self driving into wall, poles or the ones catching fire 😂
There is one key factor that is not mentioned. Though it really depends on the driver. The key factor that is probably need to be factored is TIME. If the driver do drive long trips quite a bit in year. Charging time maybe longer than filling a gas considerably. Sure there is a charging station, but if too many drivers charging then the output to charge your EV will be like charging at-home. If TIME is very important to the driver then I would think it is obvious that Hybrid or ICE is the choice. Sharing this experience since this key factor is not being mentioned by many EV bloggers.
TIME is important and so the 5 yr period is* conspicuous: only one of these cars is going to get OTA updates (possibly longer than 5 yrs) and a 10 yr period might really make the ICE car look bad. In 15 yrs will we see any ICE cars?
The EV would typically charge at home or possibly during shopping trips and such and generally would save time for most of the year when using for basic commutes. That's a lot of time not going to the gas station weekly. I think it outweighs or at least balances with the extra stops and time changing on the rarer long trips and charging an EV.
The model 3 long range was great for our road trips. From Los Angeles to Utah, total stops to charge added an hour and 45 minutes. But these are stops I would have made regardless. Once in Eddie’s World, which I always stop to use their restrooms, once in Las Vegas, which was out lunch break. And then once somewhere in south Utah. The Utah stop was like 25 minutes for most of the charge.
Sure charging the electric on those rare long drives that surpass the range will take longer. But on the other hand you don't have to make those weekly, or more frequent, gas station stops. Charging at home will save a ton of time wasted standing around waiting for gas to pump that everyone already does.
Problem is that the Toyota dealerships are marking them up and forcing dealer options on the RAV4. I’d love one but I love the straight forward pricing that Tesla has no reason why I should pay a different price than someone else buying the exact same vehicle.
At my Mammoth condo electricity is 40c/kWh. That means that in the snow and ice, the fuel costs of a RAV4 and Model Y are similar. Throw in that installing a 240V 40A power line will cost $2,000 and I will have to get home owners insurance with a $1,000,000 cap at $900/year, that adds $9,200 over 8 years after which the Model Y drive train warranty will expire making the car almost worthless, whereas a RAV4 will go on running without much extra cost for years.
If your paying $0.40 kWh why not just use superchargers? My cost per kWh is $0.12 which makes for big savings in fuel costs. I only have 110V 15A which works for me. Confused why you would depreciatee Teams to zero after warranty. Yes, some repairs won't make sense but it doesn't die on year 8 day 1.
I love that these vehicles are being compared now - Tesla vs. ICE - just on price. These are the competition now that Tesla has come down into this price point. If I made the video, I would have been a little more biased and included some safety stats. Hopefully this opens some people's minds and they end up test driving both.
@@markotrieste I guess you are trying to make a joke about phantom breaking with the autopilot here, but RAV4 probably doesn't have a system with similar capabilites to the autopilot every Tesla driver can use for free. Yes phantom breaking exists still sometimes and can actually cause a problem, but this is extremely rare. Let's not forget for every incident you read about in the news there are a million cars having a nice travel with no incidents using autopilot. And as it is with every single driving assistance feature you still should be an attentive driver. But this isn't just for Tesla, but really for every system offered by any carmaker nowadays.
Good analysis but there are too many variables to consider; law, gas price, mining for lithium, and unknown future changes. I would pick the Rav4 Hybrid for dependability, no range anxiety, and it's easier to fix if there are any accidents or any mechanical failure, and it's a more a tradition car.
Rav 4 would be less reliable and harder to fix, your talking about a much more complicated machine than the tesla. As for the range issue if you're still having anxiety with 244 miles of range and access to the supercharger network I don't think anything is gonna convince you.
@@mrspeigle1 « Less reliable » Tesla is the WORST manufacturier in reliability (EU numbers), and Lexus and Tesla (same brands are in the top 3 best), and the 2nd best is Subaru and Toyota the 2nd biggest shareholder of it. Tesla are unreliable as hell then Toyotas are the best out there
Good points. Also, what amazes me is the "no need to stop at gas stations" advantage? Since when it became a burden to stop at a gas pump for 5 mins ( or less ) and leave? There are 168,000 gas stations in the country. Multiplied by 4 ( or more ) pumps per station. This means more than a million gas pumps vs 130,000 EV chargers. Looks like gasoline pumps are WAY more convenient and plentyful.
@@mrspeigle1 Yea. Because Teslas are known for being the simplest cars to fix! LOL! Plus the hybrid engines are amazingly solid. I've given up on trying to reason with EV evangelists.
My wife drives a modelY, i drive a Rav4 hybrid. Model Y is more fun to drive compared to the Rav4 and also electric is a bit cheaper than gas. Model Y interior also looks cleaner. Rav4 feels pretty basic. There’s one thing thaf i HATE about the Model Y, its the ride, its super bumpy. I wish it had air suspensions like the model S/X. Also range anxiety is a real thing esp when you go on roadtrips
Nice comparison. I'm currently researching these vehicles for my own purchase. Though in my case the MY is roughly $100/month more expensive, even with lower electricity and similar insurance costs. But still, I don't think that's too much higher given the MY is both nicer and safer.
"...and safer." And will retain it's value better than its competitors if history is any measure. The crushing element here is very few if these competitors will survive if they cannot ramp, even if they have Lucid-like specs. "How many units/day?" is the* decider ...that puts you in the dessert, yes?
@@Remotesteve2 No. Unfortunately, I have the issue where my electric rates and usage are cheap enough that solar doesn't make sense on a cost savings basis. It would take 25+ years to pay for itself under optimistic conditions. I improved the insulation of my home and purchased a very efficient heat pump since I live in a cooling dominant environment. Got rid of all gas appliances. I am, however, considering a battery and inverter for backup through outages and maybe peak shaving to get somewhat lower rates. A small amount of solar for water heating might make sense.
The table comparison at the end would have made more sense to include the price without the credit along the cost with the credit, since you included the comparison with the Limited RAV4 . Otherwise, nice comparison, thank you for the work put in. I have a RAV4 XSE hybrid so I'm happy to see this although I know this is meant to be more biased towards the EV vehicle.
I think not only the "features" but other factors should be considered too. The Model Y is one of the safest vehicles ever tested by european ncpa, and has a 5 star rating across the board in it's NHTSA test. It's basically the safest vehicle you could possibly own right now. Especially if I had a family I would given the pretty much even price go for the saver vehicle. I think even if it was liike $0.55-$0.60 I would still opt for the Model Y. Just feels good to know that the driver+passengers safety has the highest priority for Tesla. People talk a lot about them e.g. taking features like lumbar support away, but with Tesla at least I know they wont ever compromise safety for profits. With other carmakers I'm not sure, the Rev 4 for example only achievs 4 stars in frontal crash safety with a ~16% rollover risk compared to the ~10% of the Model Y.
Do you guys don’t experience phantom braking in the EU? I have almost been rear ended at least 3 times for the tesla braking for no reason in the highway.
@@FrenchyTube3 this is what Tesla says, themselves. I'm sure it's an understatement to be certain. EV batteries also age more greatly over time than over mileage, so it's kind of a weird statement either way.
Thanks a lot for making this video. Even though I’m not a US resident, you gave me a good reference to do a local equivalent comparison in where I’m living. Great & value video. Keep them coming.
I just saw a report out this month that the cost to charge a Tesla is more than the cost of gas for an ICE car since the gas prices dropped and Tesla increased electricity cost at their charging centers. Also Teslas values plummet when you reach the end of the battery and have to replace it whereas an RAV4 engine will last for 400,000 miles and still has value when that happens. Also many in North America are upset because the price to charge their Telsas at superchargers went up and now it costs more that buying gas for an ICE. Gas prices dropped and superchargers charging price skyrocketed. Also minor accidents with Teslas are $20,000 because of the Megacasting of the mold which prevents easy fixes of fender benders. So unless you are the worlds best driver and 100% sure you will never have a fender bender and you have a supercharging set up in your own home and your insurance company hasn't skyrocketed your insurance on your Tesla and your battery will last another 10 years than never buy a Tesla as the odds are you will regret it very soon and regret you ever bought a Tesla.
@@dragodavidCE”designed to fall apart” umm quite the opposite. Safety and Reliability are literally #1 and #2 around all mass market vehicle development goals.
If you want to cherry pick a scenario favouring the Rav4, go right ahead. Most people who own EV's charge them at home, because it's better in every way. Fast charging happens so rarely that it doesn't matter if it's slightly cheaper or more expensive than gasoline. And with regard to residual value, the Model Y battery is likely worth more as scrap than your 400k miles Rav4 in full working order. The minerals in that battery are a significant fraction of the price of the car, and they will be recycled. There's even a commodity spot price index on shredded batteries.
@@virtual-viking Stop cherry picking scenarios to make EV's look better than they are. There are more and more videos on RUclips of EV owners regretting buying an EV. Also EV's are almost completely useless when the weather drops to real deep winter cold weather where all types of real life problems sky rocket with EVs and even with the super chargers. Not everyone ones a home with an optimal high speed charging set up. Then you see all the real life contastrafes with charging EVs even at 0 F and much worse at -10 F and they are useless and can take a day to charge at t supercharger if your battery is very low. So many people have to get their super EV towed to a super charger then wait a day to use one that is actually working as superchargers malfunction in real winter cold, not to mention that really cold drops an EV battery to drop usable distance way more than 50%. Too many problems to just assume EVs are a solutions for everything. Also when you get a fender bender with a Tesla it could cost 40,000 to repair if because of the special press used to make the car all one unibody part. A living nightmare with repair bills in almost any accident. I will pray for anyone who buys one.
@@UncompressedWAVmusic I'm sure a few people have had problems, but that is to be expected considering that millions of EV's have been sold by now. I live in Denmark where 1 in 8 new cars sold last year was a Tesla Model Y. Two weeks ago we had the worst blizzard in a decade. And at that time it felt like there were even more Teslas on the road than usual. I figure it was because most of them have 4x4, which is otherwise rare. I haven't seen or heard about any of the problems with the cold. Neither have I experienced anything beyond maybe 25% range degradation in my 9 years of driving an EV. What I _do_ recall though, is having to get out of bed an hour early, because of ICE cars that had difficulty starting during cold mornings, and needing to run idle with the key in the ignition to melt the ice off. Something that my EV's can do remotely without having to get out of bed. I'm pretty sure I have way more 1st hand experience with ICE cars that you have with EV's, and I have no desire to go back.
@@cifey thanks. That makes me feel better. I was thinking of getting the M3 for our sedan after I see the Highland refresh, and keeping the Rav4 for road-trips. Are u enjoying the 3?
@@matthew4725 M3 is great for me. Relatively Sporty to drive even for the RWD. 1 pedal drive should be the standard for all vehicles as it's safer than auto creep. It has some learning curve, so not everyone will just hop in and go like I did. Needs better usability about stuff like Locking the doors, What gear it's in, AC adjustments User Profile switching Once you get used that it it's ok. ICE engines seem old fashioned at this point..
why you said you should have waited for model y? we are not considering a hybrid vs model Y in canada. It's been another year since your comment, what are your thoughts now? Thanks.
Ever heard of deal mark ups? It’s crazy in the Bay Area. Besides costs, the Tesla wins hands down if you mentioned the creature comforts and performance. Car is nice and warm when I go to work during the winter, or cool during the summer. Autopilot for commuters. Factor that one in too.
Can you run the numbers with the plug in RAV4 (2023 Toyota RAV4 Prime)? I would think that since the Plug in Hybrid can go 42 miles on electricity that it could be factored in and reduce the TCO for the RAV4.
Very good report on your part. I'm considering these two cars right now. In reading the comment section, it's clear that your audience is very pro-Tesla. Three significant points have been skipped. 1. Cost of electricity at DC fast chargers is much much higher than at home (needed for out-of-town trips). 2. No mention of the inconvenience of sitting at a charge station much longer than to top up a gas tank. 3. Our electric bills will be going up substantially when we put enough electric cars on our rickety electric grid. The grid will need upgrading and all consumers will share in the cost.
The question is whether the DC fast charging price is cheaper than refueling with gasoline. It all depends on the price of gasoline versus the price of electricity.
I have a 2023 Model Y and the pricing you gave is pretty good, except for the insurance. I live in Dallas, Texas, and city rates are a lot more expensive. I use Farmers and they are about $3400 per year for me and I don't have any accidents. My previous vehicle had been about $1500 a year and this was a significant change. Farmers just said that you pretty much can only get Tesla's repaired at Tesla and due to non-competitive repair, it is really expensive. This is something I had not really factored into my expected costs and was quite an unwelcome surprise. However, everything else about it has been pretty great. I've had it a year and basically have had to do tire rotations and fill the wiper fluid and that is it.
Fuel cost in EVs goes way up if you don't charge at home. In some cases, it gets close to the cost of a tank of gas. To hit these numbers, you have to drive enough miles to take advantage of the cheaper electricity, but not so many miles that you charge most of the time at commercial chargers. The maintenance cost for the Toyota is for those people who treat their car as an appliance. If you change your own oil, fuel filters, and air filters, that cost goes down to $50/year plus tires. Also, if you are really concerned about cost and you drive a lot, then you get a corolla or similar, and there are no EVs that can compete at that price point. As for the "greener" angle, the Tesla costs more for a reason. It takes more energy and resources to produce. The fact that it needs tax incentives to bring the price down to make it comparable means it is probably worse for the environment than its cost suggests. If the environment is your top concern, then buy the smallest, lightest car with the fewest number of electric actuators and gadgets in it. The cobalt mining slaves in Africa will thank you. If you want a Tesla because you like it, buy one. It's not saving money or the planet.
A lot of wrong thin king in your comments. The US Govt tax credit is to encourage consumer uptake and lift the EV industry production run rate so that overall costs per unit fall. Thats it. Fortunately Tesla is doing this all on its own. You claim doing your own mechanical work saves money? Seriously if you do your own work and value your time at zero you may save but I doubt you value your time at zero. Of course with a EV there is no maintenance beyond tyres and electricity and wiper water......so that's a wash! Hence a ICE car costs more to maintain than EV by a much larger margin than claimed here. Musk also pointed out that US dealers and car companies make the money from parts that Tesla engineers out as does any smart EV company (there are some dumb one out there of course - capitalism will sort out the weaklings here?). Electricity costs are coming down due to renewables coming on the grid - of course in the SU you have energy monopolies gouging you between solar panel and car - but if that is how Americans want to run their country you can hardly blame EVs for bad public policy (personally I would blame the GOP & MAGA). Most driving is done from home where many can have home charging and systems are coming to allow others to access cheap renewables at home. The proliferation of charging spots everywhere like shopping centres will see energy being sold at low margins to draw customers into stay whilst charging. Same at many other locations like your workplace. SO electricity costs are not the bug bear you claim - but feel free to still pay fossil fuel monopoly prices if you wish....
@Economist from Hell Tesla fan boys always chime in. There is a lot of bias in your comments, but not any data or solid reasoning. I own a toyota that I bought used. I replaced the struts, shocks, and a door actuator motor when I bought it. The actuator motor costs me $6, and the struts/shocks were a couple hundred. These are both items that wear out at the same rate or faster in an EV. Tesla is not "right to repair" friendly, so those same parts would be thousands to fix on one of their cars. Other than that, I have only had to change oil for the last 20k miles. That costs about $25 each time, and I can do it in less time than most people spend driving to and from a service shop. I actually spend much less of my time, because i do my own maintenance. I will easily drive this car another 100k miles without spending $2k on maintenance. EVs used to have an expiration on the US Federal tax credit. This was, as you said, to give makers a chance to reach production levels to achieve a scale of economy so they could bring prices to parity with ice vehicles on their own. This still hasn't happened and may never happen because the government just gave them a new credit that doesn't expire. Meanwhile, ICE vehicles are being penalized by the government with gas taxes to pay for roads. EVs freeload off of the gas taxes paid by ICE drivers. EVs aren't getting cheaper, because they rely on scarce materials that aren't being recycled. The more EVs they build, the more the materials cost. They are working on replacements for those materials, but they aren't here yet. This is why there is no $25k 200+ mile EV available. They can only get those range numbers in overpriced faux luxury vehicles that have high markups already. They have to bury the cost of those materials in markups for options that nobody really needs. Electricity is not getting cheaper due to renewables. Most places charge you more if you want it to come from renewable energy. It's not free, it's a trade off. Materials and maintenance replace the cost of fuel. I'm not completely negative on EVs. I would like to have one, but not what I see on the market today. They aren't going to meet my needs. Aptera looks like a good option. They claim all the right specs and make the right promises, but broken promises are much more common than usable EVs. Even Tesla has more vaporware models than real ones.
If your in a state that Tesla insurance doesn’t cover, the insurance will be much more for the model Y. Also most new Toyotas has $0 cost maintenance for 1st 2 years. The model y is nice but in almost all cases (except living in cali) you are going to save more with a rav4 hybrid.
Hi, I just ordered 2023 model 3 rwd and it cost me 45k plus in total 5.44 % interest rate and live in new jersey you get $4,000 state discount up front plus to state tax around 6% and I'm qualified for the $7,500 federal tax credit total savings is around $15K and total cost after all credit is $32,000 plus. Rav 4 prime cost $45,000 to $51,000 at the dealership plus you have to pay state tax and No state credit and federal tax credit thanks I apologized for my writing and wording.
What you’re not considering is the hassle in the event you want to go on a road trip. With the Toyota you stop 5-min for gas and you’re back on the road. Not in anything electric. If you never leave town electric is fine.
In Australia this will be the case. There will be a per-kilometer cost (or tax) because the state can't collect any taxes from petrol or diesel that nobody is buying.
Jackson T: At some point they HAVE to charge BEV owners some sort of mileage based fee to pay for the roads, unless they plan to go to something completely different, re taxing for road maintenance. But things change over time -- not just that.
Lol I think you would be lucky to find that car rav4 for 37k. When I was looking for a rav4 hybrid xse they quoted me 45k and on the lot a their rav4 (non-hybrid) xle were already 35-36k. They talk about how the shortage in manufacturing and parts has increased their price. It’s honestly sickening how much dealerships are price gouging. Because of how expensive if would’ve been to get a rav4 hybrid I decided to go with the model y instead since it would’ve been roughly the same price if not slightly cheaper with the tax credit.
True the dealership experience really kills the buying experience and that is where Tesla excels. The listing price is the price you pay. No secret deal add Ons or mark ups
the only thing i think youre missing is... the rav4 hybrid will likely go 20 years without the need for battery replacement. A battery for a Rav4 hybrid is about $5000. The tesla battery might last 15 years, but in canada it costs $15-$20,000 to replace. This is an extra $10-$15,000 cost youll see if you own your vehicle for ~15 years
I think you should have included some items that really all new Tesla owners need, like a level 2 charger.... However, if someone has a long commute or for some other reason drives more than 15,000 miles per year, the case for the EV gets even more compelling. Also, you cannot figure in such things as the fact that the Tesla is a safer car to drive, gets over-the-air updates, the time potentially saved by home charging each night instead of going to gas stations, and Tesla's software features.
Maybe. The other side of the argument is that if you travel over 15,000 miles per year, you may have to use the more expensive electricity from the supercharging system.
I drive @18k per year. 99% of the time I’m home at night charging cheaply in my garage. I think I hit the supercharger 3 times last year. Commute is not the same as road trip. That said, if I didn’t have a garage or some L2 charger at home the value prop diminishes quite a bit.
At about the same TCO, I will get the Model Y over the RAV4. I expect the Model Y to outsell the RAV4 in 2023, becoming the world-wide best selling car.
Great comparison; however in Europe, specifically in Germany, model Y has cost advantage already from the start; after governmental incentives for BEVs of 4500€, it costs 52.820€, while a similarly speced Rav4 Hybrid in Lounge edition costs 57.000€. Taking into account the same mileage of 14k miles a year, which translates to 112.000 kilometers in 5 years and a WLTP consumption of 16.9 kWh/100km for Model Y, this brings us to an overall consumption of 18.928 KWh consumed. With electricity prices for households in Germany averaging around 0.45€/kWh and Supercharger prices around the same level, total electricity costs results in 8.517€. Now, the RAV4 is rated at 5.6L/100km according to WLTP, with an average gasoline price of 1.75€/L it would amount to 10.976€ in 5 years. Depreciation is another issue in Europe and apparently massively differs from that of the US market. While highly speced cars depreciate way more than basic models, it can be retrieved from Toyota’s financing plan, that residual value after 5 years with that amount of miles on the clock would range somewhere around 40%, meaning the car lost 34.200€ in value, not even taking into account all possible governmental restrictions for fossil fuel cars in near future. For Model Y, deprecation is somewhat more difficult to predict, however, a direct comparison with Model 3 depreciation, can provide a fairly reliable depreciation numbers for model Y as well, i.e. somewhere around 50% after that mileage and age, meaning the Model Y lost around 26.410€ in value throughout the years. This brings us to a total cost of 34.925€ for the Model Y or 0.31€/kilometer, and 45.176€ for RAV4 Hybrid or 0.40€/kilometer. The costs of mandatory oil changes and yearly inspections at Toyota dealerships which can amount to nearly 2000€ in 5 years and yearly vehicle tax (BEVs are exempt) of 635€ in 5 years still disregarded. Including those, total costs for the RAV4 would amount to 47.811€ or 0.427€/ km, making the RAV4 37% more expensive to run than the Model Y. With rapidly growing acceptance for BEVs in Europe and steady decline in sales of ICE vehicles, the overall costs for RAV4 could be even higher
@@markotrieste A Non-PHEV version of RAV4 Hybrid Lounge 4x4 is listed at 56.590€ in Germany, with metallic paint added which is standard (white metallic) with Model Y, it costs 57.380€. And the estimated WLTP consumption is rated at 6.0L/100km which is even more than what used above for calculation. The PHEV version is listed at 66.790€.
It all depends on your own personal situation. If you live in CA, where gas is expensive and the sun is always shining.......and you have solar panels on your home, then electric is the better financial decision especially if you only drive short distances daily. But if you live in an area prone to cold winters and must drive long distances between cities like from Milwaukee to Green Bay, Wisconsin......I think a gasoline-hybrid is the more logical choice.
1. When I bought a Tesla MY, I immediately applied for TOU = Time Of Use rate with my energy company. TOU is sometimes called EVRR = Electric Vehicle Rate Reduction. My energy company reduced my per kWh rate for my entire home. I currently pay in the summer, 1 June to 30 September, from 7pm to 1pm (Note: Peak hours and rate is between 1pm and 7pm during the summer.) $0.6944 per kWh. In the winter, 1 October to 31 May, all day, entire home, I pay $0.7651 per kWh. When I asked my energy company, "Who is paying for this rate reduction?" They replied, "Everyone who does not own an EV and apply for TOU." 2. Also, when I bought my MY it was free. Have you researched federal, state, county, city and energy company incentives? Plus I am a Tesla shareholders. Add 5 for 1 stock split in August 2020 and 3 for 1 stock split in August 2022. But you never sell your Tesla shares. You get a simple interest automobile loan. Got mine with my credit union. I borrowed $48K, 48 months, 1,99% APR, monthly principal payment of $1,000.00, monthly interest payment of $42.00 = $1,042.00 per month. Never get an installment loan. Always ask for an amortization schedule. If you pay more in interest than principal, you are getting screwed. Never pay interest on interest. 3. My first job was in a bank.
Agree, I work from home in California and pay 100 a month to drive a model y. If I lived in somewhere with icy roads, I would get an ICE, AWD. I wouldn’t get a nice car due to rust
in my country (Chile), the cost per kwh in low-speed normal plug is around $100clp (US$ 0.11). Leaving the car charging at night gives me a full battery charge with US$8.5 ... that's $0.017 per mile, or, in the example, only $1.190 in 5 years. I believe that the big advantage of pure electric vehicles is that you can charge them like a phone. The cost is ridiculously low.
Thank you for the analysis. While I’m a big proponent of EVs in general, I don’t understand why such analysis only considers the basic cost of electricity per kWh when there are other electricity fees to be considered. For example, in my area, the basic service supply rate is $0.33/kWh, but that does not include the other fees, which total about $0.15/kWh. So, our effective electricity rate is $0.48/kWh. I’m sure many other states also have various fees that contribute to the per kWh rate. Therefore, you cannot only consider the cost of the basic service supply rate. What’s your thought about this?
My thought is that, even if you don't own an electric vehicle, you still have to pay the fixed charges for the connection to your home, and such it's not fair to add them into the cost of wanting electric vehicle.
I have 2019 RAV4 Hybrid XSE and 2023 Model Y. They both have their cons and pros. RAV4 is a better made in workmanship. No repair for the last 4 years , just oil change (myself) and tire rotation. Toyota reliability is the top. I can own a Toyota for 15 years without worry. Cannot say the same for Tesla yet. Toyota tech is not as good as Tesla but good enough for everyday usage. At least it has Car Play so that I can use Waze. Tesla navigation is good (GPS), but doesn't show road closure, speed cam, traffic cop like Waze (One time add 15 minutes to my trip because of road closure not detected). RAV4 has good acceleration but can't compare to tesla. During the cold winter (under 40 degrees) RAV4 still can get 35 mpg without any problem (over 450 range the lowest). I have not get more than 200 miles between charges (from 90% down to 20%) and mostly around 160 miles the past month. Model Y will drain about 3-4 miles daily while not used during winter. Electricity is higher in NY - $.13 per kwh plus $.11 per kwh delivery cost. So it is $.25 per kwh. I have solar panels (didn't cover the usage during winter) so it does make sense to have a EV. MY is much quieter but for long trip, I would just use the RAV4. Autopilot is slightly better RAV4 dynamic cruise control (still good enough for regular driver) but Tesla lane departure avoidance disengage too easily and have to reset it. Model Y can have up to 5 phone keys plus 2 card keys which is a major plus. Most other cars only have 2 keys.
Nicely laid out. I agree, the model y is worth extra. Cost of installing a charging system at your house may be a couple k more, but as you said with state/local incentives, this helps lower the Tesla below the Toyota. Illinois offers $4,000 on top of federal 7.5k… comes to an 11.5k tax benefit! A 54k model Y is only $43k here!!!
You forgot to add the home charger to the purchase price of the Tesla. In Australia the RAV4 hybrid capped service cost is $230 per year or $1,150 for five years. This service includes genuine parts/products and labour. Check your chart for insurance costs, it doesn’t match what you said.
My home 250v charge outlet was conveniently located right next to the breaker box which was right beside the car in the garage. It cost just under $250 to have installed.
@vadskar64 Yes depending on where the panel is compared to where you park. And the size of the service running to your house the prices can vary wildly. My brothers house has the breakers in the kitchen. The detached garage is 75 feet away. A 7kw charger is going to be over $3000. If he’s ok with a 3 kw charger it will be closer to $1000.
Jonathan many utities now offer super-off-peak charge rates of 1-3 cents/kW. We lay 1 cent/kW 11PM to 0700AM= Annual cost of less than $50.00 which dramatically changes the outcome. Also Tesla insurance seems to cut insurance by 40-50%...again changing the outcome!
Bruce: Agreed. I wondered why not do the comparison for a RAV4 Prime, which is actually more of an "EV", especially for people who do the vast majority of their driving around town, and therefore maybe 95% of their overall mileage in pure BEV mode. So little gasoline burned, but a higher price.
I don’t know about US but where I live, Toyota is giving a 5 year warranty extendable to 15 years. Plus you should consider that the rav4 has more range. So better practicality.
sergelbergeron: But that depends on where you live. Many apartment dwellers can't charge at home, or can't do so conveniently/consistently. So that very much depends, which is part of the reason things get better for BEV's in the long run, as charging infrastructure gradually improves during the BEV buildout, which will take decades.
@@rogergeyer9851 i just think it is worth mentioning that Superchargers rates are certainly not 16 cents/KW. Thus the comparison is not exact and be misleading.
Can you do an updated video on this? My model Y drain battery like crazy. It was 250miles at 80% full charge. I havent touched the car in 3 days and now its sitting at 180 miles. The cost of gas and electricity is different too. Gas is around $3.7-$4 in my area and electricity cost keep rising, it is now .48cent kwh during off peak hrs. I bought my model Y long range around $65k otd and its only worth $31k now..
What are your thoughts, I'm looking to purchase a Model Y long range. The price is $31,700 and it has 34k miles. Gas in my area of California are around $5.40-$5.70, I have a toyota camry right now but I commute to work, around 75 miles one way. So filling up my gas car is around 65$ every 2 days which is about $510 a month. My job offers FREE EV charging which is why I am really looking to EV, even if I had to charge at home rates are about .31cents. What are your thoughts on a Tesla? Would it be worth it? Also I would trade my camry in EST value $17,600 bringing the total of the Tesla to around 14k🤔
Another thing you didn’t consider is cost of installing a level 2 charger in the home which for some could be quite expensive. Depending on how long the cabling has to be ran to the electrical panel. Also you considered the cost for fuel can increase, you didn’t consider the cost of electricity increasing. Electricity cost never goes down from grid sources. In California, we’re already having brown outs where they cut the power to areas at certain times due to not enough electricity. The more people switch to EVs, the larger strain on the electrical grid which could result in you not being able to charge your car and ultimately be stuck not being able to go anywhere. The greater the demand for electricity will also increase the cost per kW over time
The comparison is fine, but I don't think I am cross shopping a Rav4 with a Model Y. Maybe a Lexus, Acura, Cadillac, Volvo, or base model Mercedes, BMW, Audi. Also, Lincoln or a higher end VW. For performance and price as well as the target market, I think those comparisons would be more appropriate.
I think that's an unstated point in this comparison. The Model Y compares favorably on cost to popular trims of non-luxury vehicles. If you adjust the costs for the luxury vehicles' higher costs, the comparison is even more in the MY's favor.
Inflation Reduction Act that was passed removes the limit cap for Tesla. As long as the vehicle is under $55k then it qualifies. I think the 7 passenger model y also qualifies as a SUV which has to be under $80k. Tesla has sold a lot of inventory since the price cut.
Interesting evaluation.However through past experience( i almost bought a model Y), auto insurance for a tesla in Ny is at least than $3000. that is the cheapest. Also gas is significantly more inexpensive than you estimate. Also your argument for $7500 credit is somewhat flawed since this assumes keeping price down and that would mean white car/Black interior. Most people want other colors and since this costs more,the cars prices are above the 55K limit and disqualifies a consumer for the credit.Granted TESLA COST OF OWNERSHIP is less, but you need to have realitistic analysis when you produce a video.
Maintenance and repairs around 40% less. Would love to know where Edmunds gets that ridiculous repair cost number, I'm assuming the maintenance number is largely a tire replacement.
I have a Rav 4 hybrid 2019 LE. In winter I’m averaging 34 miles per gallon and in summer 38. I’m considering making my new car a model Y. ( keeping the rav , it’s paid off and selling my 2011 civic). Insurance would go up 40 bucks with State Farm. I still need to quote other companies. Buying a Tesla is such a mystery through. Are they gonna increase prices by 10k in 2 months? Who knows
this is a widespread myth, actually all vary their prices, much more frequently than tesla. it's just hidden and everybody talks about tesla all the time.
As the number of electric cars on the roads increase, and petrol/diesel cars reduce, the authorities will start taxing EVs for road use per km, to compensate for the lost petrol/diesel taxes. The cost of owning an EV will eventually be substantially higher
Part of my job in my construction business requires me to bring my office on the road with me. Previously in my gas car I would have to pull over in random parking lots and update invoices, send quotes, etc. with my Tesla I just stop at a free destination charger and run the ac while I do my work and charge!
I'm glad you found the insurance chart was wrong. Why couldn't you folks make sure you charts and numbers are correct before publishing? I live in rural america. I do not see me purchasing any electric vehicle. The pickup trucks do a lousy job of towing
That statement also go for the Tesla trucks. You really don’t know what the true cost will be. Especially with the big price hike in electricity. Edison just raised their rates due to the fact the gas company raise their rates. So just imagine what the price for electricity will be, when they revamp the power grid which will have to be done to be able to charge these electric trucks. Companies will find out that diesel was actually a bargain in comparison to what the electricity cost will be.
There's one thing that you can't really compare and has a huge impact on all of this: Tesla's reliability can't really compete with Toyota's. Tesla is not doing very well in terms of reliability and the Model Y in particular is their worst offender while the model 3 is their most reliable one. Toyota on the other hand is KNOWN for being the most reliable car brand in the world and their RAV4 is the most sold SUV in the world. Just throwing some facts there for you to consider.
How the heck do you spend 5300$ on RAV4 maintenance in 5 years… I didn’t even come close to that even with a set of new tires. I’ve done this math every year for the last 5 years. Still have my RAV. Love the Teslas, and the tax credit helps, but it doesn’t make financial sense for me to replace a vehicle that will drive a lot more miles. Gas prices could change it. State incentives, etc… heck just the increase in payments for the extra 17000$ isn’t easy to deal with 200$ /month to save me 70$ in fueling expenses.
NiceGuyRides: Agreed. In the real world with Toyotas in general, in 5 years of driving you might only do oil changes, a set of tires, some fluid and filter changes, and maybe a 12V battery. Realistically, to approach the $5000+ area for maintenance, that's more like in 12 or more years of Toyota sedan (not the RAV4, I know, but I'm a sedan person) ownership for me, and I've been owning such cars for over 40 years now. And that includes the first one that wasn't even fuel injected, had lots of body rust from winter, etc.
I have a RAV4 Trd and I keep circling back to trading it on for a Tesla but I only owe 20k remaining and I would dig myself deeper if I go for the Tesla Y. Only reason why I want it is I have solar in my house and the fact that I will wake up to a fully charged car everyday not having to drive to the gas station anymore
@@GTIZmoKiDD a Tesla cannot replace my RAV4 because of ground clearance, and the AWD system on tha RAV4 is second to none. I actually use my SUV as an SUV. If I replace a car, It would be my wife’s Insight, but it gets 45mpg, so the economics become even worse. I would love an EV but it just doesn’t make financial sense just to skip a 5 minute trip to the gas station. Although it would be nice.
Just bought a Nissan Ariya evolve plus in my first week I drove 1200 miles took two trips back-and-forth to New Hampshire from Connecticut spent $120 in charging using fast charging. I have taken this trip many times with my four-cylinder dodge caravan that same 1200 miles would’ve cost me $240 in gas. I’ve done this trip 15 times in the last year so I would say the EV Definitely wins with cost to run.
What insurance company are you using to pay $100 per month to insure a brand new Rav4, XLE hybrid...that I'm sure is not paid off but has been financed? I don't know of any auto insurance company that will provide you full coverage for a non-paid off Rav4 for such a low amount.
The Tesla model Y has a huge safety deficit if you live in a cold climate. In snow conditions where traffic is stranded for periods due to accidents, the battery discharge rate (without regeneration possible in a remote area like a mountain pass) can be deadly. Starting a trip in the winter with the RAV4 hybrid is a much safer venture in this environment, as long as you fill up with gasoline first. And the utility of the Hybrid is close enough to choose this one for me in my climate. Besides the body and interior of the Toyota are superior. Thanks!
I knew that at the end of any video with a title that ends with a question mark, I would be left with no real solid answer. Too many variables of course. I guess after viewing this video, I am going to cancel my Tesla order and save a couple cents. But in reality, keep up the good work.
IDNHANTU2day: I prefer a video / presenter who is honest and realistic and admits there's a lot of complexity and variables in such a comparison, vs. acting like they have "the answer", when that will be WRONG/DIFFERENT for MANY types of car owners. Sill, having a good idea of numbers and trade-offs is helpful to get an idea. Over time, the advantage will shift more toward BEV's, which is why PHEV's are a great transitional vehicle, but will lose out in the long run -- it's both economics and AGW / pollution factors.
@@rogergeyer9851 but not when the information leaves you where you were before you saw the video. Apples are red, bananas are yellow. One is long the other is not. Of you like peeling bananas get the banana. If you prefer sweet tangy taste, get the orange. It is totally up to you. Did you learn anything from my advise?
Nice video, but 5 years old MSRP for Model 3 was much higher than todays. And no tax credit was available. That means that 30% depreciation number may be not real today.
Can you please redo this analysis with todays prices. Just not needing to go dealer and looking at all cost addons like documentation fee is a major factor for me. Ling time Toyota fan, but switching to Tesla model Y.
QUICK CORRECTION: at around 6:30, the slide that shows insurance cost estimates has the models switched. The numbers that I speak in the video are correct, but the slide should show ~$102 per month for the Model Y, and ~$79 per month for the RAV4.
I caught that !!!!
I knew something wasn't right because I called the other day to compare insurance and mine was going up 150 a month from my wifes 2015 Honda CRV EXL
The Electric Viking needs help: His wife has stage 4 cancer ruclips.net/video/D6Ah4IC4TLA/видео.html
If the interest rate is low, the operasional saving of model Y maybe could make sense but if the interest rate is high the model Y may be don't make financial sense because of it's higher initial purchase price.
How about a ten-year comparison. Why just 5 years all the time.
You should also consider a average dealer mark up for the RAV 4. As of Jan 2023 the mark up is 7000 at Souther California Toyota dealership
Wow. That dealer markup is an eye opener. Especially if you consider that YOU, the buyer, get almost nothing for it.
@Vinny Lamoureux O Come On! The dealership provides you with the best looking staff in the office...and the best looking CEO. Money that makes everyone smile like Mary or Jim or...
Buy it in another state.
Dan Ri: He used the true car cost estimate. Using some extreme datapoint to try and make Tesla look better is nonsensical. What if he used an extremely cheap dealer to try and make Tesla look worse? See how that works?
@@niceguyrides I can and usually cross-shop out of state, but what about the boomers who just sign on the dotted line whenever someone tells them to?
Interesting video. I know it’s a bit dated but I went to a Toyota dealer looking at the RAV4 hybrid. It was msrp of $36k plus a $7k market adjustment so $43k. I ended up buying a Tesla model y with the 4680 battery for $46,990 minus $7,500 federal tax credit so $39,500…… Tesla Model Y > Toyota RAV4…. U didn’t take in account the market adjustment and add ons dealers are charging.
You got snubbed mate, dealer market adjustment is gouging and you got gouged.
@@Andre-mi6fkHe got gouged going with tesla? huh?
@@chrgav1286no difference from when telsa gouge their customers when they we’re changing $65k for model Y. Then Jan 2023 drop to $48k.
Not true. No more marking up. Selling at MSRP or below now.
That rav4 could last for couple decades
When you consider the performance capabilities of the Y, it almost seems there should've been a comparison with the Prime version of the RAV4.
Why didn't you straightaway use the "total 5 year ownership costs" numbers from Edmunds at 7:48 and 8:16? It has most of breakdowns you need including insurance, financing, depreciation, and fuel. It almost feels like you wanted to handpick numbers from sources that favor Tesla.
This is a great comparison as I've been debating on what to buy between these 2 models.
Cheaper aside. Think Tech and speed, I had a brand new Lexus RX before my MYP. Listen I have never own a car I’m always looking forward to drive like my Tesla. I look at it all the time through my windows in the office. And sentry mode on my Tesla app. Why I’m I so obsessed? Because it’s not just a car it’s big toy. If you love fun to drive cars then you are wasting your time still looking for anything else. If you still think chrome trim and shiny buttons, gloss console, quilted seats are luxury then Tesla is not for u.
I really love my MYP. Now I'm waiting for my Aptera. BTW, want make people laugh when you see them around your Tesla on Sentry Cam? Push the fart button and enjoy their reaction.
My RAV 4 can take me to the mountains on some pretty washed out roads that would highside a Model Y… could care less about 0-60 times.
@@niceguyrides good for you. Nothing wrong with using your car for a specific adventure. I’m talking to the ones that’s looking for Evs and love tech as well. This is not for you
Buttons. I want buttons that I can switch without taking the eyes off the road.
@@markotrieste Good for you if that’s what you want. there is something call voice commands it works well too
Depreciation over 5 years seems rather low and certainly no where near the depreciation in Europe . 20% over 5 years seems ridiculous, not in the future as in the next five years hybrid will depreciate more like double that rate
I agree that depreciation might be higher going forward, but I have to stick with the data that I have right now and calculate accordingly.
@@Cleanerwatt if Leasing the residual usually 50-60% of list @ 3 yrs.
@Cleanerwatt With the trend away from ICE, the depreciation coming for the gas car is going to be higher...and the EVs with better batteries in the future again making the non-constant costs lower.
Also, you should cosider depreciation only if you are 100% sure you will sell the car. Until you don't sell it, those dollars are virtual to say the least.
@@markotrieste: Yup. I tend to keep a car 15 years (not driving lots of miles), so I don't even worry about depreciation, as I tend to give the old car to someone who needs car in the end. (And I've had such people tell me the car was the best car they ever had, and get years of good overall service from it, in one case for over another decade).
Model Y all day every day. Safety is job ONE at Tesla and after that family of 4 that went over the cliff with a 250ft drop and survived I saw that alone makes it no contest.
All day every day including Sunday
Have you seen other accidents where drivers instantly died in Tesla? Because driver "trusted" auto pilot. Shouldn't base your judgment based on one accident result only.
Lol, Tesla’s are complete garbage 😂. GTFOH Tesla Fanboi, go checkout all the Tesla graveyards full of useless Tesla’s. Toyota on Top & that’s facts. Give me a rav4 Prime any day over the shitty Tesla’s. Safety, you mean the self driving into wall, poles or the ones catching fire 😂
@@googleuser211 no haven’t seen those Can you link
That alone makes it a good case of being safe but doesnt make it no contest
There is one key factor that is not mentioned. Though it really depends on the driver. The key factor that is probably need to be factored is TIME. If the driver do drive long trips quite a bit in year. Charging time maybe longer than filling a gas considerably. Sure there is a charging station, but if too many drivers charging then the output to charge your EV will be like charging at-home. If TIME is very important to the driver then I would think it is obvious that Hybrid or ICE is the choice. Sharing this experience since this key factor is not being mentioned by many EV bloggers.
TIME is important and so the 5 yr period is* conspicuous: only one of these cars is going to get OTA updates (possibly longer than 5 yrs) and a 10 yr period might really make the ICE car look bad. In 15 yrs will we see any ICE cars?
The EV would typically charge at home or possibly during shopping trips and such and generally would save time for most of the year when using for basic commutes. That's a lot of time not going to the gas station weekly. I think it outweighs or at least balances with the extra stops and time changing on the rarer long trips and charging an EV.
The model 3 long range was great for our road trips. From Los Angeles to Utah, total stops to charge added an hour and 45 minutes. But these are stops I would have made regardless. Once in Eddie’s World, which I always stop to use their restrooms, once in Las Vegas, which was out lunch break. And then once somewhere in south Utah. The Utah stop was like 25 minutes for most of the charge.
Sure charging the electric on those rare long drives that surpass the range will take longer. But on the other hand you don't have to make those weekly, or more frequent, gas station stops. Charging at home will save a ton of time wasted standing around waiting for gas to pump that everyone already does.
I save a ton of time per year by not getting gas or oil.
Problem is that the Toyota dealerships are marking them up and forcing dealer options on the RAV4. I’d love one but I love the straight forward pricing that Tesla has no reason why I should pay a different price than someone else buying the exact same vehicle.
6:35 graphic for insurance says the opposite of what you mentioned in the video.
At my Mammoth condo electricity is 40c/kWh. That means that in the snow and ice, the fuel costs of a RAV4 and Model Y are similar. Throw in that installing a 240V 40A power line will cost $2,000 and I will have to get home owners insurance with a $1,000,000 cap at $900/year, that adds $9,200 over 8 years after which the Model Y drive train warranty will expire making the car almost worthless, whereas a RAV4 will go on running without much extra cost for years.
If your paying $0.40 kWh why not just use superchargers? My cost per kWh is $0.12 which makes for big savings in fuel costs. I only have 110V 15A which works for me. Confused why you would depreciatee Teams to zero after warranty. Yes, some repairs won't make sense but it doesn't die on year 8 day 1.
I love that these vehicles are being compared now - Tesla vs. ICE - just on price. These are the competition now that Tesla has come down into this price point. If I made the video, I would have been a little more biased and included some safety stats. Hopefully this opens some people's minds and they end up test driving both.
You are right. Wonder how often does a RAV4 shadow-brake.
alex kimmerly: NOT just on price -- on cost of ownership.
@@markotrieste I guess you are trying to make a joke about phantom breaking with the autopilot here, but RAV4 probably doesn't have a system with similar capabilites to the autopilot every Tesla driver can use for free. Yes phantom breaking exists still sometimes and can actually cause a problem, but this is extremely rare. Let's not forget for every incident you read about in the news there are a million cars having a nice travel with no incidents using autopilot.
And as it is with every single driving assistance feature you still should be an attentive driver. But this isn't just for Tesla, but really for every system offered by any carmaker nowadays.
I won’t consider any EV that doesn’t have a Tesla charging port.
you could update this video now that model Y is 37K (44k - 7.500)
Good analysis but there are too many variables to consider; law, gas price, mining for lithium, and unknown future changes. I would pick the Rav4 Hybrid for dependability, no range anxiety, and it's easier to fix if there are any accidents or any mechanical failure, and it's a more a tradition car.
Rav 4 would be less reliable and harder to fix, your talking about a much more complicated machine than the tesla. As for the range issue if you're still having anxiety with 244 miles of range and access to the supercharger network I don't think anything is gonna convince you.
@@mrspeigle1 « Less reliable » Tesla is the WORST manufacturier in reliability (EU numbers), and Lexus and Tesla (same brands are in the top 3 best), and the 2nd best is Subaru and Toyota the 2nd biggest shareholder of it. Tesla are unreliable as hell then Toyotas are the best out there
NO RANGE ANXIETY!!! should be the number one thing
Good points. Also, what amazes me is the "no need to stop at gas stations" advantage? Since when it became a burden to stop at a gas pump for 5 mins ( or less ) and leave? There are 168,000 gas stations in the country. Multiplied by 4 ( or more ) pumps per station. This means more than a million gas pumps vs 130,000 EV chargers. Looks like gasoline pumps are WAY more convenient and plentyful.
@@mrspeigle1 Yea. Because Teslas are known for being the simplest cars to fix! LOL! Plus the hybrid engines are amazingly solid. I've given up on trying to reason with EV evangelists.
My wife drives a modelY, i drive a Rav4 hybrid. Model Y is more fun to drive compared to the Rav4 and also electric is a bit cheaper than gas. Model Y interior also looks cleaner. Rav4 feels pretty basic.
There’s one thing thaf i HATE about the Model Y, its the ride, its super bumpy. I wish it had air suspensions like the model S/X. Also range anxiety is a real thing esp when you go on roadtrips
Nice comparison. I'm currently researching these vehicles for my own purchase. Though in my case the MY is roughly $100/month more expensive, even with lower electricity and similar insurance costs. But still, I don't think that's too much higher given the MY is both nicer and safer.
"...and safer." And will retain it's value better than its competitors if history is any measure. The crushing element here is very few if these competitors will survive if they cannot ramp, even if they have Lucid-like specs. "How many units/day?" is the* decider ...that puts you in the dessert, yes?
Do you have residential solar for home charging?
FYI, waiting on the MY. Took the plunge.
@@Remotesteve2 No. Unfortunately, I have the issue where my electric rates and usage are cheap enough that solar doesn't make sense on a cost savings basis. It would take 25+ years to pay for itself under optimistic conditions. I improved the insulation of my home and purchased a very efficient heat pump since I live in a cooling dominant environment. Got rid of all gas appliances.
I am, however, considering a battery and inverter for backup through outages and maybe peak shaving to get somewhat lower rates. A small amount of solar for water heating might make sense.
@@Tanstaaflitis if you get the model y and a home ev charger you’ll probably spend enough where you save with solar
The table comparison at the end would have made more sense to include the price without the credit along the cost with the credit, since you included the comparison with the Limited RAV4 . Otherwise, nice comparison, thank you for the work put in. I have a RAV4 XSE hybrid so I'm happy to see this although I know this is meant to be more biased towards the EV vehicle.
Thanks for the feedback. That would have made a lot of sense.
I think not only the "features" but other factors should be considered too. The Model Y is one of the safest vehicles ever tested by european ncpa, and has a 5 star rating across the board in it's NHTSA test. It's basically the safest vehicle you could possibly own right now. Especially if I had a family I would given the pretty much even price go for the saver vehicle. I think even if it was liike $0.55-$0.60 I would still opt for the Model Y. Just feels good to know that the driver+passengers safety has the highest priority for Tesla. People talk a lot about them e.g. taking features like lumbar support away, but with Tesla at least I know they wont ever compromise safety for profits. With other carmakers I'm not sure, the Rev 4 for example only achievs 4 stars in frontal crash safety with a ~16% rollover risk compared to the ~10% of the Model Y.
RAV4 has a 5 star safety rating too.
Do you guys don’t experience phantom braking in the EU? I have almost been rear ended at least 3 times for the tesla braking for no reason in the highway.
The limited RAV4 is way better equipped than the Model Y you're comparing with. You can't get cooled seats on the Model Y on any trim.
But your Rav4, on any trim, can’t do 0-60 4.8 seconds.
@@chrgav1286 with 277 miles max with model y performance and 200 miles with model s no thanks LOL you will have more time charging then driving
The Rav4 does not improve after purchase, Teslas do with over the air update so this is another consideration
Tesla's batteries degrade by 6% each 100k miles. Fairly negligible but worth mentioning.
@@ShamanNoodles then why are there hundreds of teslas on the road with 250k+ mi and still single digit battery degradation? lol
@@FrenchyTube3 this is what Tesla says, themselves. I'm sure it's an understatement to be certain. EV batteries also age more greatly over time than over mileage, so it's kind of a weird statement either way.
@@ShamanNoodles whatever you say lol
@@FrenchyTube3 Okay, Elon fanboy. How's that Dogecoin "investment" treatin ya?
Thanks a lot for making this video. Even though I’m not a US resident, you gave me a good reference to do a local equivalent comparison in where I’m living. Great & value video. Keep them coming.
I would love to see a follow video of this comparing the model Y long range against the rav4prime model trims
your insurance cost screen showed opposite costs as compared to your verbal description. So, which was correct?
I just saw a report out this month that the cost to charge a Tesla is more than the cost of gas for an ICE car since the gas prices dropped and Tesla increased electricity cost at their charging centers. Also Teslas values plummet when you reach the end of the battery and have to replace it whereas an RAV4 engine will last for 400,000 miles and still has value when that happens. Also many in North America are upset because the price to charge their Telsas at superchargers went up and now it costs more that buying gas for an ICE. Gas prices dropped and superchargers charging price skyrocketed. Also minor accidents with Teslas are $20,000 because of the Megacasting of the mold which prevents easy fixes of fender benders. So unless you are the worlds best driver and 100% sure you will never have a fender bender and you have a supercharging set up in your own home and your insurance company hasn't skyrocketed your insurance on your Tesla and your battery will last another 10 years than never buy a Tesla as the odds are you will regret it very soon and regret you ever bought a Tesla.
You will be surprised how many people drive to 400k, a small percentage. Most cars are designed to fall apart nowadays.
@@dragodavidCE”designed to fall apart” umm quite the opposite. Safety and Reliability are literally #1 and #2 around all mass market vehicle development goals.
If you want to cherry pick a scenario favouring the Rav4, go right ahead. Most people who own EV's charge them at home, because it's better in every way. Fast charging happens so rarely that it doesn't matter if it's slightly cheaper or more expensive than gasoline.
And with regard to residual value, the Model Y battery is likely worth more as scrap than your 400k miles Rav4 in full working order. The minerals in that battery are a significant fraction of the price of the car, and they will be recycled. There's even a commodity spot price index on shredded batteries.
@@virtual-viking Stop cherry picking scenarios to make EV's look better than they are. There are more and more videos on RUclips of EV owners regretting buying an EV. Also EV's are almost completely useless when the weather drops to real deep winter cold weather where all types of real life problems sky rocket with EVs and even with the super chargers. Not everyone ones a home with an optimal high speed charging set up. Then you see all the real life contastrafes with charging EVs even at 0 F and much worse at -10 F and they are useless and can take a day to charge at t supercharger if your battery is very low. So many people have to get their super EV towed to a super charger then wait a day to use one that is actually working as superchargers malfunction in real winter cold, not to mention that really cold drops an EV battery to drop usable distance way more than 50%. Too many problems to just assume EVs are a solutions for everything. Also when you get a fender bender with a Tesla it could cost 40,000 to repair if because of the special press used to make the car all one unibody part. A living nightmare with repair bills in almost any accident. I will pray for anyone who buys one.
@@UncompressedWAVmusic I'm sure a few people have had problems, but that is to be expected considering that millions of EV's have been sold by now.
I live in Denmark where 1 in 8 new cars sold last year was a Tesla Model Y. Two weeks ago we had the worst blizzard in a decade. And at that time it felt like there were even more Teslas on the road than usual. I figure it was because most of them have 4x4, which is otherwise rare.
I haven't seen or heard about any of the problems with the cold. Neither have I experienced anything beyond maybe 25% range degradation in my 9 years of driving an EV.
What I _do_ recall though, is having to get out of bed an hour early, because of ICE cars that had difficulty starting during cold mornings, and needing to run idle with the key in the ignition to melt the ice off. Something that my EV's can do remotely without having to get out of bed.
I'm pretty sure I have way more 1st hand experience with ICE cars that you have with EV's, and I have no desire to go back.
So, I own a 2022 RAV4 Hybrid Limited...and I wish I had waited for the model Y price drop :(
We have M3 and RAV4 hybrid.
RAV4 would be better on bad roads and long trips and gets no extra attention which is nice.
@@cifey thanks. That makes me feel better. I was thinking of getting the M3 for our sedan after I see the Highland refresh, and keeping the Rav4 for road-trips. Are u enjoying the 3?
@@matthew4725 M3 is great for me.
Relatively Sporty to drive even for the RWD.
1 pedal drive should be the standard for all vehicles as it's safer than auto creep.
It has some learning curve, so
not everyone will just hop in and go
like I did.
Needs better usability
about stuff like
Locking the doors,
What gear it's in,
AC adjustments
User Profile switching
Once you get used that it it's ok.
ICE engines seem old fashioned at this point..
why you said you should have waited for model y? we are not considering a hybrid vs model Y in canada. It's been another year since your comment, what are your thoughts now? Thanks.
Ever heard of deal mark ups? It’s crazy in the Bay Area. Besides costs, the Tesla wins hands down if you mentioned the creature comforts and performance. Car is nice and warm when I go to work during the winter, or cool during the summer. Autopilot for commuters. Factor that one in too.
Really he should have supplemented his research data by calling up a few Toyota dealerships
Would be great to see an update to this video! Car Edge indicates that Tesla Model Y will depreciate 57% after 5 years.
Can you run the numbers with the plug in RAV4 (2023 Toyota RAV4 Prime)? I would think that since the Plug in Hybrid can go 42 miles on electricity that it could be factored in and reduce the TCO for the RAV4.
Very good report on your part. I'm considering these two cars right now. In reading the comment section, it's clear that your audience is very pro-Tesla. Three significant points have been skipped. 1. Cost of electricity at DC fast chargers is much much higher than at home (needed for out-of-town trips). 2. No mention of the inconvenience of sitting at a charge station much longer than to top up a gas tank. 3. Our electric bills will be going up substantially when we put enough electric cars on our rickety electric grid. The grid will need upgrading and all consumers will share in the cost.
The question is whether the DC fast charging price is cheaper than refueling with gasoline. It all depends on the price of gasoline versus the price of electricity.
I have a 2023 Model Y and the pricing you gave is pretty good, except for the insurance. I live in Dallas, Texas, and city rates are a lot more expensive. I use Farmers and they are about $3400 per year for me and I don't have any accidents. My previous vehicle had been about $1500 a year and this was a significant change. Farmers just said that you pretty much can only get Tesla's repaired at Tesla and due to non-competitive repair, it is really expensive. This is something I had not really factored into my expected costs and was quite an unwelcome surprise. However, everything else about it has been pretty great. I've had it a year and basically have had to do tire rotations and fill the wiper fluid and that is it.
Fuel cost in EVs goes way up if you don't charge at home. In some cases, it gets close to the cost of a tank of gas. To hit these numbers, you have to drive enough miles to take advantage of the cheaper electricity, but not so many miles that you charge most of the time at commercial chargers. The maintenance cost for the Toyota is for those people who treat their car as an appliance. If you change your own oil, fuel filters, and air filters, that cost goes down to $50/year plus tires. Also, if you are really concerned about cost and you drive a lot, then you get a corolla or similar, and there are no EVs that can compete at that price point. As for the "greener" angle, the Tesla costs more for a reason. It takes more energy and resources to produce. The fact that it needs tax incentives to bring the price down to make it comparable means it is probably worse for the environment than its cost suggests. If the environment is your top concern, then buy the smallest, lightest car with the fewest number of electric actuators and gadgets in it. The cobalt mining slaves in Africa will thank you. If you want a Tesla because you like it, buy one. It's not saving money or the planet.
A lot of wrong thin king in your comments. The US Govt tax credit is to encourage consumer uptake and lift the EV industry production run rate so that overall costs per unit fall. Thats it. Fortunately Tesla is doing this all on its own. You claim doing your own mechanical work saves money? Seriously if you do your own work and value your time at zero you may save but I doubt you value your time at zero. Of course with a EV there is no maintenance beyond tyres and electricity and wiper water......so that's a wash! Hence a ICE car costs more to maintain than EV by a much larger margin than claimed here. Musk also pointed out that US dealers and car companies make the money from parts that Tesla engineers out as does any smart EV company (there are some dumb one out there of course - capitalism will sort out the weaklings here?). Electricity costs are coming down due to renewables coming on the grid - of course in the SU you have energy monopolies gouging you between solar panel and car - but if that is how Americans want to run their country you can hardly blame EVs for bad public policy (personally I would blame the GOP & MAGA). Most driving is done from home where many can have home charging and systems are coming to allow others to access cheap renewables at home. The proliferation of charging spots everywhere like shopping centres will see energy being sold at low margins to draw customers into stay whilst charging. Same at many other locations like your workplace. SO electricity costs are not the bug bear you claim - but feel free to still pay fossil fuel monopoly prices if you wish....
@Economist from Hell Tesla fan boys always chime in. There is a lot of bias in your comments, but not any data or solid reasoning. I own a toyota that I bought used. I replaced the struts, shocks, and a door actuator motor when I bought it. The actuator motor costs me $6, and the struts/shocks were a couple hundred. These are both items that wear out at the same rate or faster in an EV. Tesla is not "right to repair" friendly, so those same parts would be thousands to fix on one of their cars. Other than that, I have only had to change oil for the last 20k miles. That costs about $25 each time, and I can do it in less time than most people spend driving to and from a service shop. I actually spend much less of my time, because i do my own maintenance. I will easily drive this car another 100k miles without spending $2k on maintenance.
EVs used to have an expiration on the US Federal tax credit. This was, as you said, to give makers a chance to reach production levels to achieve a scale of economy so they could bring prices to parity with ice vehicles on their own. This still hasn't happened and may never happen because the government just gave them a new credit that doesn't expire. Meanwhile, ICE vehicles are being penalized by the government with gas taxes to pay for roads. EVs freeload off of the gas taxes paid by ICE drivers.
EVs aren't getting cheaper, because they rely on scarce materials that aren't being recycled. The more EVs they build, the more the materials cost. They are working on replacements for those materials, but they aren't here yet.
This is why there is no $25k 200+ mile EV available. They can only get those range numbers in overpriced faux luxury vehicles that have high markups already. They have to bury the cost of those materials in markups for options that nobody really needs.
Electricity is not getting cheaper due to renewables. Most places charge you more if you want it to come from renewable energy. It's not free, it's a trade off. Materials and maintenance replace the cost of fuel.
I'm not completely negative on EVs. I would like to have one, but not what I see on the market today. They aren't going to meet my needs. Aptera looks like a good option. They claim all the right specs and make the right promises, but broken promises are much more common than usable EVs. Even Tesla has more vaporware models than real ones.
Such a fantastic argument. True and well said.
fuel cost is just one part of the cost, there is only one cost that counts, and that's the total cost of ownership.
@@michaellowe3665 michael also tesla insurance are expensive and battery itself cost as much as the car :/
If your in a state that Tesla insurance doesn’t cover, the insurance will be much more for the model Y. Also most new Toyotas has $0 cost maintenance for 1st 2 years. The model y is nice but in almost all cases (except living in cali) you are going to save more with a rav4 hybrid.
Hi, I just ordered 2023 model 3 rwd and it cost me 45k plus in total 5.44 % interest rate and live in new jersey you get $4,000 state discount up front plus to state tax around 6% and I'm qualified for the $7,500 federal tax credit total savings is around $15K and total cost after all credit is $32,000 plus. Rav 4 prime cost $45,000 to $51,000 at the dealership plus you have to pay state tax and No state credit and federal tax credit thanks I apologized for my writing and wording.
You cannot compare these costs... Newer versions of RAV4 are only going up in price Evey year. However, Model Y prices are not behaving like RAV4
anashi: Unless you have a time machine, you can only speculate / guess about future prices. Seriously, get real.
What you’re not considering is the hassle in the event you want to go on a road trip. With the Toyota you stop 5-min for gas and you’re back on the road. Not in anything electric. If you never leave town electric is fine.
I also heard that some states will start charging higher registration costs on EV's
In Australia this will be the case. There will be a per-kilometer cost (or tax) because the state can't collect any taxes from petrol or diesel that nobody is buying.
Jackson T: At some point they HAVE to charge BEV owners some sort of mileage based fee to pay for the roads, unless they plan to go to something completely different, re taxing for road maintenance.
But things change over time -- not just that.
Lol I think you would be lucky to find that car rav4 for 37k. When I was looking for a rav4 hybrid xse they quoted me 45k and on the lot a their rav4 (non-hybrid) xle were already 35-36k. They talk about how the shortage in manufacturing and parts has increased their price. It’s honestly sickening how much dealerships are price gouging. Because of how expensive if would’ve been to get a rav4 hybrid I decided to go with the model y instead since it would’ve been roughly the same price if not slightly cheaper with the tax credit.
Same! I ended up ordering one through a local dealership came out TO $33k MSRP no mark up. They wanted $41k lol
True the dealership experience really kills the buying experience and that is where Tesla excels. The listing price is the price you pay. No secret deal add Ons or mark ups
Comparison is a little bit flawed, I thought rav4 hybrid compared was $37k but depreciation compared was $29k.
Model Y all day!!
the only thing i think youre missing is... the rav4 hybrid will likely go 20 years without the need for battery replacement. A battery for a Rav4 hybrid is about $5000. The tesla battery might last 15 years, but in canada it costs $15-$20,000 to replace. This is an extra $10-$15,000 cost youll see if you own your vehicle for ~15 years
Comparing the PRICE and the Convenience being the main factor for me - Rav4 all the way! Woodland edition.
I think you should have included some items that really all new Tesla owners need, like a level 2 charger.... However, if someone has a long commute or for some other reason drives more than 15,000 miles per year, the case for the EV gets even more compelling. Also, you cannot figure in such things as the fact that the Tesla is a safer car to drive, gets over-the-air updates, the time potentially saved by home charging each night instead of going to gas stations, and Tesla's software features.
Maybe. The other side of the argument is that if you travel over 15,000 miles per year, you may have to use the more expensive electricity from the supercharging system.
I drive @18k per year. 99% of the time I’m home at night charging cheaply in my garage. I think I hit the supercharger 3 times last year. Commute is not the same as road trip. That said, if I didn’t have a garage or some L2 charger at home the value prop diminishes quite a bit.
At about the same TCO, I will get the Model Y over the RAV4. I expect the Model Y to outsell the RAV4 in 2023, becoming the world-wide best selling car.
Lol many won’t be able to afford a 58K plus car
@@GTIZmoKiDDLol many can’t afford 44k+ too.
great review, just wha i was looking for
Great comparison; however in Europe, specifically in Germany, model Y has cost advantage already from the start; after governmental incentives for BEVs of 4500€, it costs 52.820€, while a similarly speced Rav4 Hybrid in Lounge edition costs 57.000€. Taking into account the same mileage of 14k miles a year, which translates to 112.000 kilometers in 5 years and a WLTP consumption of 16.9 kWh/100km for Model Y, this brings us to an overall consumption of 18.928 KWh consumed. With electricity prices for households in Germany averaging around 0.45€/kWh and Supercharger prices around the same level, total electricity costs results in 8.517€. Now, the RAV4 is rated at 5.6L/100km according to WLTP, with an average gasoline price of 1.75€/L it would amount to 10.976€ in 5 years. Depreciation is another issue in Europe and apparently massively differs from that of the US market. While highly speced cars depreciate way more than basic models, it can be retrieved from Toyota’s financing plan, that residual value after 5 years with that amount of miles on the clock would range somewhere around 40%, meaning the car lost 34.200€ in value, not even taking into account all possible governmental restrictions for fossil fuel cars in near future. For Model Y, deprecation is somewhat more difficult to predict, however, a direct comparison with Model 3 depreciation, can provide a fairly reliable depreciation numbers for model Y as well, i.e. somewhere around 50% after that mileage and age, meaning the Model Y lost around 26.410€ in value throughout the years. This brings us to a total cost of 34.925€ for the Model Y or 0.31€/kilometer, and 45.176€ for RAV4 Hybrid or 0.40€/kilometer. The costs of mandatory oil changes and yearly inspections at Toyota dealerships which can amount to nearly 2000€ in 5 years and yearly vehicle tax (BEVs are exempt) of 635€ in 5 years still disregarded. Including those, total costs for the RAV4 would amount to 47.811€ or 0.427€/ km, making the RAV4 37% more expensive to run than the Model Y. With rapidly growing acceptance for BEVs in Europe and steady decline in sales of ICE vehicles, the overall costs for RAV4 could be even higher
With 57k€ you get the RAV4 PHEV, which will use way less fuel. The most expensive HEV RAV4 is about 50k€.
@@markotrieste A Non-PHEV version of RAV4 Hybrid Lounge 4x4 is listed at 56.590€ in Germany, with metallic paint added which is standard (white metallic) with Model Y, it costs 57.380€. And the estimated WLTP consumption is rated at 6.0L/100km which is even more than what used above for calculation. The PHEV version is listed at 66.790€.
It all depends on your own personal situation. If you live in CA, where gas is expensive and the sun is always shining.......and you have solar panels on your home, then electric is the better financial decision especially if you only drive short distances daily. But if you live in an area prone to cold winters and must drive long distances between cities like from Milwaukee to Green Bay, Wisconsin......I think a gasoline-hybrid is the more logical choice.
1. When I bought a Tesla MY, I immediately applied for TOU = Time Of Use rate with my energy company. TOU is sometimes called EVRR = Electric Vehicle Rate Reduction. My energy company reduced my per kWh rate for my entire home. I currently pay in the summer, 1 June to 30 September, from 7pm to 1pm (Note: Peak hours and rate is between 1pm and 7pm during the summer.) $0.6944 per kWh. In the winter, 1 October to 31 May, all day, entire home, I pay $0.7651 per kWh. When I asked my energy company, "Who is paying for this rate reduction?" They replied, "Everyone who does not own an EV and apply for TOU."
2. Also, when I bought my MY it was free. Have you researched federal, state, county, city and energy company incentives? Plus I am a Tesla shareholders. Add 5 for 1 stock split in August 2020 and 3 for 1 stock split in August 2022. But you never sell your Tesla shares. You get a simple interest automobile loan. Got mine with my credit union. I borrowed $48K, 48 months, 1,99% APR, monthly principal payment of $1,000.00, monthly interest payment of $42.00 = $1,042.00 per month. Never get an installment loan. Always ask for an amortization schedule. If you pay more in interest than principal, you are getting screwed. Never pay interest on interest.
3. My first job was in a bank.
Agree, I work from home in California and pay 100 a month to drive a model y. If I lived in somewhere with icy roads, I would get an ICE, AWD. I wouldn’t get a nice car due to rust
What if you don’t own a home?
rav 4 vs model Y is like comp toyota to audi IMO if you can get a home charge model Y wins all day
in my country (Chile), the cost per kwh in low-speed normal plug is around $100clp (US$ 0.11). Leaving the car charging at night gives me a full battery charge with US$8.5 ... that's $0.017 per mile, or, in the example, only $1.190 in 5 years. I believe that the big advantage of pure electric vehicles is that you can charge them like a phone. The cost is ridiculously low.
Thank you for the analysis. While I’m a big proponent of EVs in general, I don’t understand why such analysis only considers the basic cost of electricity per kWh when there are other electricity fees to be considered. For example, in my area, the basic service supply rate is $0.33/kWh, but that does not include the other fees, which total about $0.15/kWh. So, our effective electricity rate is $0.48/kWh. I’m sure many other states also have various fees that contribute to the per kWh rate. Therefore, you cannot only consider the cost of the basic service supply rate. What’s your thought about this?
My thought is that, even if you don't own an electric vehicle, you still have to pay the fixed charges for the connection to your home, and such it's not fair to add them into the cost of wanting electric vehicle.
I have 2019 RAV4 Hybrid XSE and 2023 Model Y. They both have their cons and pros. RAV4 is a better made in workmanship. No repair for the last 4 years , just oil change (myself) and tire rotation. Toyota reliability is the top. I can own a Toyota for 15 years without worry. Cannot say the same for Tesla yet. Toyota tech is not as good as Tesla but good enough for everyday usage. At least it has Car Play so that I can use Waze. Tesla navigation is good (GPS), but doesn't show road closure, speed cam, traffic cop like Waze (One time add 15 minutes to my trip because of road closure not detected). RAV4 has good acceleration but can't compare to tesla. During the cold winter (under 40 degrees) RAV4 still can get 35 mpg without any problem (over 450 range the lowest). I have not get more than 200 miles between charges (from 90% down to 20%) and mostly around 160 miles the past month. Model Y will drain about 3-4 miles daily while not used during winter. Electricity is higher in NY - $.13 per kwh plus $.11 per kwh delivery cost. So it is $.25 per kwh. I have solar panels (didn't cover the usage during winter) so it does make sense to have a EV. MY is much quieter but for long trip, I would just use the RAV4. Autopilot is slightly better RAV4 dynamic cruise control (still good enough for regular driver) but Tesla lane departure avoidance disengage too easily and have to reset it. Model Y can have up to 5 phone keys plus 2 card keys which is a major plus. Most other cars only have 2 keys.
Nicely laid out. I agree, the model y is worth extra. Cost of installing a charging system at your house may be a couple k more, but as you said with state/local incentives, this helps lower the Tesla below the Toyota. Illinois offers $4,000 on top of federal 7.5k… comes to an 11.5k tax benefit! A 54k model Y is only $43k here!!!
We have 2 Teslas. Cost for home charging installation $450. Would have been less but we had a 50 foot run from our junction box.
You forgot to add the home charger to the purchase price of the Tesla.
In Australia the RAV4 hybrid capped service cost is $230 per year or $1,150 for five years. This service includes genuine parts/products and labour.
Check your chart for insurance costs, it doesn’t match what you said.
I think you need to add $1000 for the cost of installing a home charger.
My home 250v charge outlet was conveniently located right next to the breaker box which was right beside the car in the garage. It cost just under $250 to have installed.
It’s more like $1,500 if you live in house older than 25 years. Which is I believe majority in the US.
@vadskar64 Yes depending on where the panel is compared to where you park. And the size of the service running to your house the prices can vary wildly.
My brothers house has the breakers in the kitchen. The detached garage is 75 feet away. A 7kw charger is going to be over $3000. If he’s ok with a 3 kw charger it will be closer to $1000.
Jonathan many utities now offer super-off-peak charge rates of 1-3 cents/kW. We lay 1 cent/kW 11PM to 0700AM= Annual cost of less than $50.00 which dramatically changes the outcome. Also Tesla insurance seems to cut insurance by 40-50%...again changing the outcome!
You also need to add several packages to add features that are included in the Tesla that you have to get as a ‘package’ to get on the RAV4.
You can't get cooled seats on the Tesla at any trim level.
The Toyota RAV4 Prime adds EV range and would make for an interesting comparison.
Bruce: Agreed. I wondered why not do the comparison for a RAV4 Prime, which is actually more of an "EV", especially for people who do the vast majority of their driving around town, and therefore maybe 95% of their overall mileage in pure BEV mode. So little gasoline burned, but a higher price.
RAV4 prime is much more expensive plus a fat dealer markup.
I don’t know about US but where I live, Toyota is giving a 5 year warranty extendable to 15 years. Plus you should consider that the rav4 has more range. So better practicality.
Don’t forget your are not always charging at home. SuperChargers kw 3xmore expensive than at home. In my case I charge 80%% of the time at home
sergelbergeron: But that depends on where you live. Many apartment dwellers can't charge at home, or can't do so conveniently/consistently. So that very much depends, which is part of the reason things get better for BEV's in the long run, as charging infrastructure gradually improves during the BEV buildout, which will take decades.
@@rogergeyer9851 i just think it is worth mentioning that Superchargers rates are certainly not 16 cents/KW. Thus the comparison is not exact and be misleading.
There’s not a dealership in the country that will sell you that rav4 XLE Hybrid for 37k OTD lol
Can you do an updated video on this? My model Y drain battery like crazy. It was 250miles at 80% full charge. I havent touched the car in 3 days and now its sitting at 180 miles. The cost of gas and electricity is different too. Gas is around $3.7-$4 in my area and electricity cost keep rising, it is now .48cent kwh during off peak hrs. I bought my model Y long range around $65k otd and its only worth $31k now..
What are your thoughts, I'm looking to purchase a Model Y long range. The price is $31,700 and it has 34k miles. Gas in my area of California are around $5.40-$5.70, I have a toyota camry right now but I commute to work, around 75 miles one way. So filling up my gas car is around 65$ every 2 days which is about $510 a month. My job offers FREE EV charging which is why I am really looking to EV, even if I had to charge at home rates are about .31cents. What are your thoughts on a Tesla? Would it be worth it? Also I would trade my camry in EST value $17,600 bringing the total of the Tesla to around 14k🤔
Another thing you didn’t consider is cost of installing a level 2 charger in the home which for some could be quite expensive. Depending on how long the cabling has to be ran to the electrical panel.
Also you considered the cost for fuel can increase, you didn’t consider the cost of electricity increasing. Electricity cost never goes down from grid sources.
In California, we’re already having brown outs where they cut the power to areas at certain times due to not enough electricity. The more people switch to EVs, the larger strain on the electrical grid which could result in you not being able to charge your car and ultimately be stuck not being able to go anywhere. The greater the demand for electricity will also increase the cost per kW over time
If a gas station runs out of power you can’t pump gas either. I understand what you are saying here but I just totally disagree.
It is nice not to deal with dealership extra fees and hassles.
For people at cold place, the fuel cost per mile is much higher. It could even be doubled.
I liked the way you explained it, it makes sense why Model Y is the right choice.
The comparison is fine, but I don't think I am cross shopping a Rav4 with a Model Y. Maybe a Lexus, Acura, Cadillac, Volvo, or base model Mercedes, BMW, Audi. Also, Lincoln or a higher end VW. For performance and price as well as the target market, I think those comparisons would be more appropriate.
exactly Although Tesla is not luxury bm mer audi class, its atleast premium like acura lexus or infi or above.
I think that's an unstated point in this comparison. The Model Y compares favorably on cost to popular trims of non-luxury vehicles. If you adjust the costs for the luxury vehicles' higher costs, the comparison is even more in the MY's favor.
I thought Tesla's were ineligible for the tax credit because of the manufacturer sales volume rule? Did the IRS suspend the 200,000 limit cap?
Inflation Reduction Act that was passed removes the limit cap for Tesla. As long as the vehicle is under $55k then it qualifies. I think the 7 passenger model y also qualifies as a SUV which has to be under $80k. Tesla has sold a lot of inventory since the price cut.
Jackson T: New law. Completely different rules. Explained in detail in MANY RUclips videos by credible BEV video makers.
Interesting evaluation.However through past experience( i almost bought a model Y), auto insurance for a tesla in Ny is at least than $3000. that is the cheapest. Also gas is significantly more inexpensive than you estimate. Also your argument for $7500 credit is somewhat flawed since this assumes keeping price down and that would mean white car/Black interior. Most people want other colors and since this costs more,the cars prices are above the 55K limit and disqualifies a consumer for the credit.Granted TESLA COST OF OWNERSHIP is less, but you need to have realitistic analysis when you produce a video.
You did not add the cost of installing the charger at home. Also peak n off peak cost
Good points.
Didn't Hertz announce that their EV fleet is 50-60% less in maintenance cost vs the ICE fleet?
Maintenance and repairs around 40% less. Would love to know where Edmunds gets that ridiculous repair cost number, I'm assuming the maintenance number is largely a tire replacement.
Great comparison, but check your insurance slide and commentary.
Thanks. What I said in the video is the correct number and the slide has the car models switched.
I have a Rav 4 hybrid 2019 LE. In winter I’m averaging 34 miles per gallon and in summer 38. I’m considering making my new car a model Y. ( keeping the rav , it’s paid off and selling my 2011 civic). Insurance would go up 40 bucks with State Farm. I still need to quote other companies. Buying a Tesla is such a mystery through. Are they gonna increase prices by 10k in 2 months? Who knows
this is a widespread myth, actually all vary their prices, much more frequently than tesla.
it's just hidden and everybody talks about tesla all the time.
What if the comparison was made for a 10-year term instead?
As the number of electric cars on the roads increase, and petrol/diesel cars reduce, the authorities will start taxing EVs for road use per km, to compensate for the lost petrol/diesel taxes. The cost of owning an EV will eventually be substantially higher
Part of my job in my construction business requires me to bring my office on the road with me. Previously in my gas car I would have to pull over in random parking lots and update invoices, send quotes, etc. with my Tesla I just stop at a free destination charger and run the ac while I do my work and charge!
Thanks for the data. My instincts turned out to be correct.
I'm glad you found the insurance chart was wrong.
Why couldn't you folks make sure you charts and numbers are correct before publishing?
I live in rural america. I do not see me purchasing any electric vehicle. The pickup trucks do a lousy job of towing
Why not compare 2020 vs 2020? It's the current body style for the RAV4 an it's 3 years old.
That statement also go for the Tesla trucks. You really don’t know what the true cost will be. Especially with the big price hike in electricity. Edison just raised their rates due to the fact the gas company raise their rates. So just imagine what the price for electricity will be, when they revamp the power grid which will have to be done to be able to charge these electric trucks. Companies will find out that diesel was actually a bargain in comparison to what the electricity cost will be.
Currently the price of electricity is driven by the price of oil.
If the electricity gets more expensive then so has the diesel.
There's one thing that you can't really compare and has a huge impact on all of this: Tesla's reliability can't really compete with Toyota's.
Tesla is not doing very well in terms of reliability and the Model Y in particular is their worst offender while the model 3 is their most reliable one.
Toyota on the other hand is KNOWN for being the most reliable car brand in the world and their RAV4 is the most sold SUV in the world.
Just throwing some facts there for you to consider.
Hertz started selling one year old Teslas and 1 year old Model 3s go for 20-26k$ a piece (with between 30 and 70kmi on the odometer) just in case.
How the heck do you spend 5300$ on RAV4 maintenance in 5 years… I didn’t even come close to that even with a set of new tires.
I’ve done this math every year for the last 5 years. Still have my RAV. Love the Teslas, and the tax credit helps, but it doesn’t make financial sense for me to replace a vehicle that will drive a lot more miles. Gas prices could change it. State incentives, etc… heck just the increase in payments for the extra 17000$ isn’t easy to deal with 200$ /month to save me 70$ in fueling expenses.
NiceGuyRides: Agreed. In the real world with Toyotas in general, in 5 years of driving you might only do oil changes, a set of tires, some fluid and filter changes, and maybe a 12V battery.
Realistically, to approach the $5000+ area for maintenance, that's more like in 12 or more years of Toyota sedan (not the RAV4, I know, but I'm a sedan person) ownership for me, and I've been owning such cars for over 40 years now. And that includes the first one that wasn't even fuel injected, had lots of body rust from winter, etc.
@@rogergeyer9851 eheh my 12 volt battery on a 2007 Toyota Auris lasted almost 11 years…
I have a RAV4 Trd and I keep circling back to trading it on for a Tesla but I only owe 20k remaining and I would dig myself deeper if I go for the Tesla Y. Only reason why I want it is I have solar in my house and the fact that I will wake up to a fully charged car everyday not having to drive to the gas station anymore
@@GTIZmoKiDD a Tesla cannot replace my RAV4 because of ground clearance, and the AWD system on tha RAV4 is second to none. I actually use my SUV as an SUV. If I replace a car, It would be my wife’s Insight, but it gets 45mpg, so the economics become even worse. I would love an EV but it just doesn’t make financial sense just to skip a 5 minute trip to the gas station. Although it would be nice.
@@niceguyrides exactly lol. Maybe in the future but for now I think I’ll be sticking with the Rav4 aswell
Just bought a Nissan Ariya evolve plus in my first week I drove 1200 miles took two trips back-and-forth to New Hampshire from Connecticut spent $120 in charging using fast charging. I have taken this trip many times with my four-cylinder dodge caravan that same 1200 miles would’ve cost me $240 in gas. I’ve done this trip 15 times in the last year so I would say the EV Definitely wins with cost to run.
I wonder how much it would change if you bring the rav4 se prime 🤔
Cause that car would also qualify for the incentive
which one has a quiet and soft ride?
did you calculate how much interested you have to pay in 72 months period this price will be instead of 47K will be 67k or even higher…
i dont see "premium interior" and Model Y being in the same sentence
What insurance company are you using to pay $100 per month to insure a brand new Rav4, XLE hybrid...that I'm sure is not paid off but has been financed? I don't know of any auto insurance company that will provide you full coverage for a non-paid off Rav4 for such a low amount.
no one talks about re-sale value, that Tesla after 5 years value is going to be crap vs the rav4
2021 Model Y Long Range AWD $31,700 with only 34k miles, this is in my area of California
The Tesla model Y has a huge safety deficit if you live in a cold climate. In snow conditions where traffic is stranded for periods due to accidents, the battery discharge rate (without regeneration possible in a remote area like a mountain pass) can be deadly. Starting a trip in the winter with the RAV4 hybrid is a much safer venture in this environment, as long as you fill up with gasoline first. And the utility of the Hybrid is close enough to choose this one for me in my climate. Besides the body and interior of the Toyota are superior. Thanks!
I knew that at the end of any video with a title that ends with a question mark, I would be left with no real solid answer. Too many variables of course. I guess after viewing this video, I am going to cancel my Tesla order and save a couple cents. But in reality, keep up the good work.
IDNHANTU2day: I prefer a video / presenter who is honest and realistic and admits there's a lot of complexity and variables in such a comparison, vs. acting like they have "the answer", when that will be WRONG/DIFFERENT for MANY types of car owners.
Sill, having a good idea of numbers and trade-offs is helpful to get an idea. Over time, the advantage will shift more toward BEV's, which is why PHEV's are a great transitional vehicle, but will lose out in the long run -- it's both economics and AGW / pollution factors.
@@rogergeyer9851 but not when the information leaves you where you were before you saw the video. Apples are red, bananas are yellow. One is long the other is not. Of you like peeling bananas get the banana. If you prefer sweet tangy taste, get the orange. It is totally up to you. Did you learn anything from my advise?
Nice video, but 5 years old MSRP for Model 3 was much higher than todays. And no tax credit was available. That means that 30% depreciation number may be not real today.
Also consider time of use in the winter your going to spend the same amount to charge but only get half the range
Umm I would love to only pay $0.16 per Kw of electricity. Double that right now is about what we pay and it it only going up.
Many places in the USA pay less. That is the average.
Can you please redo this analysis with todays prices. Just not needing to go dealer and looking at all cost addons like documentation fee is a major factor for me. Ling time Toyota fan, but switching to Tesla model Y.
I’m in the market for either a 4yr old UX hybrid or a 4/5yr old model 3 awd…. Thoughts please…!
why are you calculating costs that applies to both?
Hertz rental cars is selling off 20,000 Teslas now. You may want to research why before you buy a Tesla.