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.

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.

Most Popular

Top 7 best hybrid and electric sports cars 2021
Taycan
Best cars

Top 7 best hybrid and electric sports cars 2021

Bringing thrills and performance with their powerful electric motors, these are the best electric and hybrid performance cars to buy in the UK in 2021
22 Jul 2021
Are electric cars expensive to insure?
Pros and cons of electric company cars - illustration
Your questions answered

Are electric cars expensive to insure?

Everything you need to know about insuring an electric car, including how expensive it is and why
19 Jul 2021
2021 Audi Q4 e-tron and Q4 e-tron Sportback: specs and prices
Audi Q4 e-tron
Audi Q4 e-tron

2021 Audi Q4 e-tron and Q4 e-tron Sportback: specs and prices

The pure-electric Audi Q4 e-tron and Q4 e-tron Sportback are on sale now, with prices starting from £40,750 for the regular SUV and £42,250 for the Sp…
5 Jul 2021