Tesla Model 3 Cost in New York: EV vs Gas Comparison (2026)
Quick Answer
The Tesla Model 3 costs $893/month to own in New York over 5 years. That's $13,583 more than a comparable Toyota RAV4.Annual charging cost: $788 vs $1,770 for gas.
✓ Updated March 2026✓ Based on state insurance filings
5-Year Cost: Tesla Model 3 vs Toyota RAV4
| Tesla Model 3 (EV) | Toyota RAV4 (Gas) | |
|---|---|---|
| MSRP | $40,240 | $30,645 |
| Depreciation | $22,132 | $12,871 |
| Insurance | $18,010 | $10,700 |
| Fuel/Charging | $3,942 | $8,850 |
| Maintenance | $2,440 | $2,145 |
| 5-Year Total | $53,588 | $40,005 |
| Monthly Cost | $893/mo | $667/mo |
Charging Costs in New York
Home Charging (avg 21.9¢/kWh)
$788/year
$66/month
Gas Equivalent (30 MPG, $3.54/gal)
$1,770/year
You save $982/year on fuel
These are estimates based on state averages. Your exact rate depends on your specific profile.
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