Skip advert
Advertisement

Ford Mustang Mach-E vs Tesla Model 3: running costs and warranty

Both electric cars are cheap to tax and won’t cost much to charge at home

Mach-E vs Model 3

You’ll really benefit from using an electric car as a company car, because in 2021/22 Benefit-in-Kind tax is levied at just 1% on zero-emissions models like the Mustang Mach-E and Tesla Model 3. In 2022/23 this rises to 2%, but it’s still a massive saving compared to a petrol or diesel car.

Advertisement - Article continues below

Private buyers can save a huge amount on fuel, too. On an average home electricity rate of 16.3p per kWh, a full charge costs £12.20 for the Ford and £8.15 for the Tesla. That’s about £559 or £575 per year respectively if you do 12,000 miles.

At the time we tested them, the Tesla was around £90 per month more expensive to buy on a PCP finance deal, or a total of £3,140, which isn’t to be sniffed at – it makes a big difference because the cars are so well matched in most other ways. The Tesla is more expensive to buy outright as well.

Still, the Model 3’s residual values are strong, at 57% after 36,000 miles or three years (it’s 54% for the Ford, according to our experts). We returned better efficiency from the Ford, which pointed to a better real-world range, although the Tesla Supercharger network being better than most normal public chargers works in the Model 3’s favour here and makes long trips far easier.

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

Peugeot E-3008 review
Peugeot E-3008 - front tracking
In-depth reviews

Peugeot E-3008 review

Peugeot’s latest electric SUV boasts a strikingly futuristic interior and promises class-leading range, but many rivals offer better value-for-money
15 May 2024
New Kia EV6 facelift revealed with a host of updates
Kia EV6 Silver facelift front 3/4
News

New Kia EV6 facelift revealed with a host of updates

The new EV6 has been revealed with EV9 derived looks, an upgraded battery and updated interior
14 May 2024
New Volvo EX60 electric SUV to replace XC60 and battle Tesla Model Y
Volvo EX60 design render (watermarked)
News

New Volvo EX60 electric SUV to replace XC60 and battle Tesla Model Y

Volvo’s upcoming electric SUV is set to face some fierce competition, and our exclusive images show how it could look
13 May 2024