Tesla has subtly hinted at one of the benefits of purchasing an electric car: the total cost of ownership. Despite higher upfront purchase price, electric vehicle ownership becomes more cost-effective when looking at the bigger picture.
“Basically we want drive units that just never wear out. That’s our goal. And I think we’ve made really good progress in that direction,” said Tesla CEO Elon Musk during a 2015 quarterly earnings call. He later continued, “I mean, internally, our goal – we changed the goal of the drive unit endurance from being approximately 200,000 miles to being one million miles.”