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Tesla Model 3 vs. Toyota Camry
A comparison of the iconic EV versus the classic gas vehicle: Which is more costly in the long run? Let’s explore the time value of money.
- Scenario 1: Total Cost of Tesla Model 3
- Scenario 2: Total Cost of Toyota Camry
- Which One Is Higher (%)
Cost curves are calculated on an assumption of 15,000 km per year. Feel free to adjust the preset numbers to your local prices. Look for point(s) where one curve surpasses the other, indicating key shifts in expenses between these two.
Try your numbers:
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- AmountAny single amount ($).
- Cash FlowRent, insurance premium, salary, ...
- Current AssetReal estate, commodity, bonds, ...
- Installment LoanMortgage, car loan, ...
- PercentageAny percentage value (%).
- Years / MonthsAny time horizon.
- AgeShow "Age" instead of "# Years from Now."
- Retirement Age (requires Age)Enable "Investment Return After Retirement."
Time Value Assumptions
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How is Cash Value calculated?
Model 3 efficiency: 6.4 km per kWh. Assumed mileage: 15000 km per year.
Decisions / Expectations
(Expressions are evaluated at Year 0 only.)
Calculations
(Expressions are evaluated at every year.)
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- Buy AssetBuy an asset growing at its own rate.
- Take Installment LoanTake a mortgage, loan, etc.
- InvestReceive/Spend a lump sum.
- Expect to InvestExpect to receive/spend a lump sum.
- Expect Monthly Cash FlowExpect to receive/spend cash monthly.
- Expect Yearly Cash FlowExpect to receive/spend cash yearly.
- Define Variable (Numerical)Calculate an intermediate value.