Tesla Model Y Total Cost of Ownership Calculator
What a Tesla Model Y really costs over 7 years against a Toyota RAV4 Hybrid: charging on your utility's rate, depreciation, insurance and battery wear.
Updated · By Niraj Kumar · 6 sources
https://checkpre.com/energy/tesla-model-y-total-cost-of-ownership
The cars
Standard RWD starting price. Replace it with your quote.
Hybrid LE FWD, 44 mpg combined.
Where and how you charge
The rest is public fast charging. Most owners with a driveway charge 80-90% at home.
California residential average (EIA). Enter the all-in rate from your bill to override.
Driving
California average for regular (AAA).
Fine-tune
About 2% is typical; the loss slows after that. Hot climates and frequent fast charging push it up.
The federal credit ended for cars bought after 30 September 2025.
Set to 0 if you already have one or will use a standard outlet.
Assumed full coverage; replace both with quotes.
The Tesla Model Y costs 9.9¢ a mile to charge, against 14.1¢ a mile in gas for the Toyota RAV4.
- Tesla Model Y, total cost
- $62,410
- 74.3¢ a mile, all in
- Toyota RAV4, total cost
- $54,629
- 65.0¢ a mile, all in
- EV price premium repaid
- Not in 7 yrs
- from running savings, before resale
- Battery at the end
- 92%
- about 296 of 321 miles of range
- CO₂ avoided
- 8.5 tonnes
- at the US grid average
| Cost | Tesla Model Y | Toyota RAV4 |
|---|---|---|
| Purchase less resale | $30,705 | $19,469 |
| Charging or gas | $9,018 | $12,550 |
| Maintenance | $5,040 | $7,560 |
| Insurance | $16,800 | $15,050 |
| EV registration fees | $847 | $0 |
| Total | $62,410 | $54,629 |
Year-by-year costs and battery healthShowHide
| Year | Charging | Gas | Battery | Range | EV cost to date | Gas car cost to date |
|---|---|---|---|---|---|---|
| 1 | $1,182 | $1,688 | 98% | 313 mi | $18,332 | $12,584 |
| 2 | $1,219 | $1,722 | 96% | 310 mi | $27,591 | $20,407 |
| 3 | $1,253 | $1,756 | 95% | 306 mi | $35,684 | $27,626 |
| 4 | $1,288 | $1,792 | 95% | 304 mi | $43,012 | $34,562 |
| 5 | $1,323 | $1,827 | 94% | 301 mi | $49,575 | $41,214 |
| 6 | $1,359 | $1,864 | 93% | 298 mi | $56,174 | $47,903 |
| 7 | $1,395 | $1,901 | 92% | 296 mi | $62,410 | $54,629 |
How the Tesla Model Y Total Cost of Ownership Calculator works
TCO = Price × (1 + tax) − rebates + charger + Σ₍y₎ [energy₍y₎ + maintenance + insurance + fees] + interest − resale₍N₎This page uses the same method as the EV vs Gas Total Cost of Ownership Calculator, which explains each term and assumption in full.
Worked example
A Tesla Model Y Standard RWD ($39,990) against a Toyota RAV4 Hybrid LE FWD ($31,900) in California, driven 12,000 miles a year for 7 years, paid in cash, charging 80% at home.
- 1Home electricity costs about 33.6¢ a kWh; with 20% fast charging at 48.0¢ the blend is 36.5¢
- 2At 27 kWh/100 mi the Tesla Model Y costs 9.9¢ a mile; at 44 mpg and $6.19 a gallon the Toyota RAV4 costs 14.1¢ a mile
- 3Buying costs $45,101 for the EV with tax and a home charger, against $34,781
- 4After 7 years the battery keeps about 92% of its capacity, and the cars would sell for about $14,396 and $15,312
Over 7 years the Tesla Model Y costs $62,410 to own and the Toyota RAV4 $54,629, so the gas car comes out $7,781 cheaper at these assumptions.
Frequently asked questions
Which Model Y is priced here?
The Standard rear-wheel-drive Model Y at $39,990, which Tesla left unchanged when it raised the Premium trims in May 2026 to $45,990 (RWD) and $49,990 (AWD). Enter your own price if you are looking at a different trim; the Premium models also use slightly more energy per mile.
How much does it cost to charge a Tesla Model Y at home in California?
At California's average residential rate of 33.6¢ a kWh, filling the Tesla Model Y's roughly 69 kWh battery from empty costs about $23 before charging losses. At 27 kWh per 100 miles measured at the wall, 12,000 miles a year with 20% fast charging comes to about $1,182, or 9.9¢ a mile.
How much range does a Tesla Model Y lose in 7 years?
At 12,000 miles a year the model here expects the battery to keep about 92% of its capacity after 7 years, so the 321-mile EPA range becomes roughly 296 miles. Heat, frequent fast charging and keeping the battery at 100% speed this up; the retention curve is an assumption you can change.
Sources
- EIA Electric Power Monthly, Table 5.6.A: average residential price by state (July 2026) · checked
- AAA state gas price averages, regular unleaded (22 September 2026) · checked
- Tax Foundation, Electric Vehicle Taxes by State, 2026 · checked
- US DOE and EPA fuel economy data (fueleconomy.gov) · checked
- IRS, Clean vehicle credits: not available for vehicles acquired after 30 September 2025 · checked
- AFDC, State laws and incentives for electric vehicles · checked
Related calculators
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