Genesis GV70 Electrified cost to own in Australia — the true 5-year total
The Genesis GV70 Electrified starts at $132,800. Over 5 years, owning one (EV) costs about $130,466 in Australia as of July 9, 2026 — $2,174/month, $2.17/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and rego. That's $31,316 more than a comparable Toyota LandCruiser 300 GXL diesel over the same 5 years.
Genesis GV70 Electrified incentives & grants
Novated lease (FBT exemption): for a salary-packaged EV the federal FBT exemption can cut the cost substantially — it depends on your income and tax, so it is not in the totals above. Source: ATO.
Genesis GV70 Electrified · Australia · 5-year estimate$130,466 total · $2,174/mo · $2.17/km
Where the money goes
| Cost component | Electric · Genesis GV70 Electrified | Petrol · Toyota LandCruiser 300 GXL |
|---|---|---|
| Depreciation (estimated) | $78,352 (60%) | $50,044 (50%) |
| Charging / fuel | $5,850 (4%) | $9,932 (10%) |
| ↳ of which charging loss | 12% (~$702) | — |
| Maintenance | $4,752 (4%) | $6,402 (6%) |
| Insurance | $12,725 (10%) | $8,500 (9%) |
| Financing interest | $24,412 (19%) | $19,896 (20%) |
| Registration & fees | $4,375 (3%) | $4,375 (4%) |
| Total cost of ownership | $130,466 | $99,150 |
Genesis GV70 Electrified specs & assumptions
- Starting price
- $132,800manufacturer
- Powertrain
- Electric
- Efficiency
- 20 kWh/100kmADR
- Range
- 462 kmADR
- Australia electricity
- 33.00c/kWhAER
- Annual km (assumed)
- 12,000Australia average
Compare the Genesis GV70 Electrified against any car, your km & your scenario
What the numbers say
The Genesis GV70 Electrified costs about $130,466 to own over 5 years in Australia — $2,174/month, $2.17/km at 12,000 km/yr — and depreciation is the biggest line: $78,352, 60% of the total (as of July 9, 2026).
- The Toyota LandCruiser 300 GXL diesel wins decisively here — $31,316 cheaper over 5 years; at typical assumptions this isn't a close call.
- No realistic annual distance flips this verdict — the Toyota LandCruiser 300 GXL diesel stays the cheaper car at every distance we model.
- On cost per month the Genesis GV70 Electrified ranks #26 of 26 midsize SUV models we track in Australia.
- Where the Genesis GV70 Electrified's $130,466 actually goes: depreciation $78,352 (60%), financing interest $24,412 (19%), insurance $12,725 (10%), charging $5,850 (4%), maintenance $4,752 (4%), registration & fees $4,375 (3%).
- Per km, that is $1.31 of depreciation and $0.10 of charging, with $0.77 for everything else — $2.17/km all-in.
- Charging vs the fleet: the Genesis GV70 Electrified's 5-year charging bill ($5,850) runs $1,316 above the $4,534 median of the 25 EVs we price at the same rates.
What we assume for maintenance
Assumed $950/yr for an EV at 12,000 km/yr — about $4,752 of the 5-year total above. On this market's assumptions an EV runs about $330/yr less in maintenance than a petrol car ($950 vs $1,280). See the methodology for sources; adjustable in the calculator.
Cost to charge the Genesis GV70 Electrified at home
The Genesis GV70 Electrified runs about $7.50 per 100 km at home — versus about $11.41 for a typical 7 L/100km petrol car. Home charging only (the ~12% AC charging loss is included); public DC fast-charging is billed per session by each network — often 2–3× the home rate — and isn't in these figures.
- Per 100 km at home
- $7.5020 kWh/100km + 12% charging loss × $0.33/kWh
- A typical 7 L/100km petrol car
- $11.41/100kmat $1.63/L — for comparison