Tesla Model 3 vs Ford Ranger: Running Costs in Victoria
Data verified April 2025
At this driving profile, the Ford Ranger is the more economical choice over 5 years in Victoria.
Running only 15,000 km per year in Victoria, the Tesla Model 3's higher purchase price doesn't fully pay back through lower running costs within 5 years. The Tesla Model 3 costs $113,049 in total versus $93,676 for the Ford Ranger — a difference of $19,373. Break-even would take approximately 11.4 years — beyond the 5-year horizon. If you drive significantly more km per year, or if petrol prices rise substantially, this comparison would shift. The Tesla Model 3 still avoids around 4,753 kg of CO₂ over the ownership period.
The economics don't stack up at this driving distance — increase annual km or extend the holding period to change the picture.
Frequently asked questions
Is the Tesla Model 3 cheaper than the Ford Ranger over 5 years in Victoria?
At 15,000 km/yr in Victoria the Ford Ranger is the cheaper option over 5 years: $93,676 total versus $113,049 for the Tesla Model 3. Use the calculator to adjust for your situation.
How long does the Tesla Model 3 take to break even against the Ford Ranger in Victoria?
At 15,000 km/yr in Victoria the Tesla Model 3 breaks even against the Ford Ranger after approximately 11.4 years (171,250 km).
How much does it cost to charge the Tesla Model 3 vs fuel the Ford Ranger per year in Victoria?
At 15,000 km/yr in Victoria, charging the Tesla Model 3 costs approximately $753/yr, versus $2,538/yr in petrol for the Ford Ranger. Victoria's electricity and fuel rates are applied automatically.