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QUICK CORRECTION: at around 6:30, the slide that shows insurance cost estimates has the models switched. The numbers that I speak in the video are correct, but the slide should show ~$102 per month for the Model Y, and ~$79 per month for the RAV4.

The true cost of owning a vehicle goes way beyond just the initial purchase price, and you have to consider a host of other costs to get the real picture. For example, in our comparison today, the Model Y purchase price is quite a bit higher than the RAV4 hybrid, but with all things considered and the cost saving associated with electric vehicles, the Model Y true cost of ownership may actually surprise you. But are the cost savings enough to make up the initial cost difference?

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** All video and pictures are used with permission or in accordance with the copyright owner's stated policies and use allowance, or applicable fair use laws. **

Image & Video Clip Sources:

1. Thumbnail Model Y image & other Tesla images and video clips used in the video Courtesy of Tesla, Inc. (where noted in video).

2. Thumbnail RAV4 image & other RAV4 images and/or video clips used in the video Courtesy of Toyota (where noted in video).

3. Grey Model Y driving video clip provided by Piston Ring Media | via www.pond5.com

4. Various other video clips from pexels.com & pixabay.com | various authors.

Data Sources:

https://www.fhwa.dot.gov/ohim/onh00/b...

https://gasprices.aaa.com/

https://www.saveonenergy.com/electric...

https://www.caranddriver.com/tesla/mo...

https://www.headquartertoyota.com/blo...

https://www.motortrend.com/cars/toyot...

https://www.bankrate.com/loans/loan-c...

https://www.edmunds.com/tco.html

NOTE: The content found in this video should NOT be regarded as financial advice. I am not a financial advisor, and this is NOT in any way a recommendation or offer to buy or sell securities. While the information in this video is believed to be accurate at the time of recording, no guarantees are being made about the accuracy of the information presented in the video. As of the recording of this video, I am NOT invested in Tesla stock or securities, nor any other company mentioned in this video.