EVCostIQ

The EV cost intelligence platform

EV vs petrol cost in New South Wales, Australia (2026) — the true 5-year total

As of July 2026: of the 62 models we price, the cheapest to own over 5 years in New South Wales, Australia is the Toyota Corolla Hybrid at $42,750 — a hybrid. The cheapest electric, the BYD Atto 1 (Essential) ($44,602), runs about $1,852 more — we say it plainly when the petrol or hybrid car wins.

What an EV really costs to own in New South Wales versus petrol or a hybrid, at New South Wales's electricity price of 38.00c/kWh — depreciation, charging, insurance, maintenance and rego, every figure sourced and dated. Petrol, fuel and incentives are Australia-wide; only electricity changes by state.

Example comparison — change the vehicles belowOver 5 years, the Toyota RAV4 Hybrid (hybrid) is the cheapest at $51,777 — about $20,223 less than the Tesla Model Y RWD ($863/mo, $0.86/km).

Total cost of ownership, cheapest first

Lowest cost Hybrid

Toyota RAV4 Hybrid

$51,777 / 5 yr
$863/mo$0.86/km
Lowest 5-yr cost
Electric

Tesla Model Y RWD

$72,000 / 5 yr
$1,200/mo$1.20/km
+$20,223 more than the Toyota RAV4 Hybrid (39%)
Electric

Tesla Model Y Long Range AWD

$85,564 / 5 yr
$1,426/mo$1.43/km
+$33,787 more than the Toyota RAV4 Hybrid (65%)

Cumulative cost over time

Total spend by each year — purchase, charging/fuel, depreciation, insurance and financing combined. Where two lines cross is your payback point.

Tesla Model Y RWDToyota RAV4 HybridTesla Model Y Long
Cumulative cost of ownership by year for each vehicle The full data is available in the breakdown table below. $0$23,102$46,205$69,307$92,4090yr 1yr 2yr 3yr 4yr 5Tesla Model Y RWDToyota RAV4 HybridTesla Model Y Long

Tesla Model Y RWD never beats Toyota RAV4 Hybrid within 5 yrs · Tesla Model Y Long never beats Toyota RAV4 Hybrid within 5 yrs

Where the money goes (full breakdown)

5-year total cost of ownership by component, by vehicle (AUD). Estimates; sources dated in the methodology.
Cost componentElectric · Tesla Model Y RWDHybrid · Toyota RAV4 HybridElectric · Tesla Model Y Long
Depreciation (estimated)$34,751 (48%)$19,316 (37%)$44,781 (52%)
Charging / fuel$4,884 (7%)$4,499 (9%)$5,221 (6%)
↳ of which charging loss12% (~$586)12% (~$627)
Maintenance$4,752 (7%)$5,502 (11%)$4,752 (6%)
Insurance$12,725 (18%)$10,000 (19%)$12,725 (15%)
Financing interest$10,513 (15%)$8,085 (16%)$13,710 (16%)
Registration & fees$4,375 (6%)$4,375 (8%)$4,375 (5%)
Total cost of ownership$72,000$51,777$85,564

New South Wales reference numbers

Electricity (New South Wales)
38.00c/kWhAER · 2026-08-06
Petrol (Australia)
$1.63/LAIP
Charging loss (modeled)
12%EPA / SAE J1634
Maintenance ($/yr)
EV $950 vs petrol $1280est.
Insurance ($/yr, avg)
EV $2,545 vs petrol $1,700est.
EV incentive
FBT exemption (novated lease)ATO

What is different about New South Wales's numbers

Home electricity in New South Wales is 38.00c/kWh — 15.2% above the 33.00c Australia average (AER, 2026-08-06), which makes New South Wales 7th cheapest of the 8 states we price, between Tasmania at 28.00c and South Australia at 43.70c. Petrol stays Australia-wide at $1.63/L (AIP), as do rego and incentives, so New South Wales changes exactly one input on this page.

What the AER figure for New South Wales actually is: AER DMO 2025-26; range 0.362-0.404. CTP Green Slip bought separately from private insurer.

Run all 52 models that have their own cost page through the kernel at both rate sets and the average electric car's 5-year total in New South Wales lands $705 above its Australia-average figure, while a petrol or hybrid car's total does not move by a cent — in Australia only electricity changes by state. Net effect: New South Wales widens the gap an EV has to close by about $705. At New South Wales rates EVs take 1 of the 12 head-to-head matchups we track, against 1 at the Australia average — we publish that whichever way it falls.

Take one car — a BYD Atto 1 (Essential) — and keeping it charged in New South Wales for 5 years costs $1,223 more than in Tasmania, the cheapest state, and $697 less than in South Australia, the dearest.

Running cost at New South Wales prices: a BYD Atto 1 (Essential) draws about $5.96 of electricity per 100 km charging at home in New South Wales with the ~12% charging loss counted, against $11.41 of petrol for a 7 L/100km car — a petrol car would have to do 3.7 L/100km to match the EV's energy bill in New South Wales. Efficient small petrol cars are already in that range, so in New South Wales the energy advantage of charging at home is thin. Energy is only one line of the total: depreciation and insurance decide the 5-year figure, which is why most of the matchups on this page still go to the petrol or hybrid car.

Sorting all 52 models by 5-year cost at New South Wales rates instead of the Australia average moves 11 of them out of the position they hold nationally. The ones New South Wales moves furthest:

No model we price reaches either its cheapest or its most expensive state in New South Wales — on every one of them New South Wales sits mid-pack.

Cheapest to own in New South Wales, Australia

Ranked by true 5-year cost at New South Wales's own electricity rate (12,000 km/yr, all-in). Tap a column to sort, or filter by type:

The 13 models New South Wales changes something for — its cheapest tier, its cheapest EVs, both sides of every matchup that changes hands here, and every model that hits its cheapest or dearest state in New South Wales. Priced at New South Wales rates, cheapest to own first.
Type
Toyota Corolla HybridHybrid$32,110$42,750$713
Toyota CorollaPetrol$29,990$44,016$734
BYD Atto 1 (Essential)Electric$23,990$44,602$743
GWM Haval Jolion HybridHybrid$33,990$44,969$749
Toyota Camry HybridHybrid$39,990$48,031$801
GWM Haval H6 Lux 2.0T petrol FWDPetrol$34,490$48,302$805
Suzuki Jimny XL 5-door autoPetrol$37,490$49,757$829
BYD DolphinElectric$31,760$50,546$842
Nissan X-Trail ST 2WD petrolPetrol$38,140$50,667$844
BYD Atto 2 (Dynamic)Electric$31,990$51,197$853
MG4Electric$31,990$51,567$859
GWM Ora 5Electric$33,990$52,955$883
Hyundai InsterElectric$39,990$57,219$954

That is the New South Wales-relevant slice of the fleet. All 52 models we price, at the Australia average rate, are on the Australia hub.

Matchups that change hands in New South Wales

None of them. All 12 head-to-head matchups come out the same way at New South Wales rates as at the Australia average: New South Wales's electricity price moves an average EV's 5-year total by $705, which is never enough to change a winner in New South Wales. All 12 Australia matchups →

States whose numbers look like New South Wales's

Closest matches to New South Wales on home electricity and pump price — where the same car lands nearest to its New South Wales total — plus the cheapest and dearest states in Australia to run an EV:

New South Wales is one of 8 states we price: see all of them, and the full 52-model directory →

← All Australia EV costs (national average)

FAQ

Is an electric car cheaper to own than a petrol car in New South Wales, Australia?

Usually not at typical mileage, as of July 2026: the cheapest model we track in New South Wales, Australia is the Toyota Corolla Hybrid (a hybrid) at $42,750 over 5 years, while the cheapest electric — the BYD Atto 1 (Essential) at $44,602 — runs about $1,852 more. High mileage or cheap home charging can flip it; each comparison page shows exactly when.

Which EV is cheapest to own in New South Wales, Australia?

As of July 2026, the BYD Atto 1 (Essential) — about $44,602 over 5 years all-in: depreciation, charging (including losses), insurance, maintenance, rego and financing.

What do electricity and petrol cost in New South Wales, Australia right now?

Our totals use 38.00c/kWh for home electricity (AER) and $1.63/L for petrol (AIP), as of August 6, 2026.

What does the 5-year total include?

Depreciation, charging or fuel (including the ~12% AC charging loss most calculators omit), insurance, maintenance, rego and financing interest — every source dated.

How much does it cost to charge an EV in New South Wales?

About $5.96 per 100 km charging at home at New South Wales's residential rate (38.00c/kWh, AER), including the ~12% charging loss — using a BYD Atto 1 (Essential) as the reference. A petrol car doing 7 L/100km burns about $11.41 over the same distance. Cost to charge every model in Australia →

Estimates for planning, not financial advice. Australia depreciation, insurance and maintenance are dated estimates calibrated to Australia sources. How we calculate →