EVCostIQ

The EV cost intelligence platform

EV vs petrol cost in Queensland, 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 Queensland, Australia is the Toyota Corolla Hybrid at $42,750 — a hybrid. The cheapest electric, the BYD Atto 1 (Essential) ($44,027), runs about $1,277 more — we say it plainly when the petrol or hybrid car wins.

What an EV really costs to own in Queensland versus petrol or a hybrid, at Queensland's electricity price of 33.30c/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 $19,619 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

$71,396 / 5 yr
$1,190/mo$1.19/km
+$19,619 more than the Toyota RAV4 Hybrid (38%)
Electric

Tesla Model Y Long Range AWD

$84,918 / 5 yr
$1,415/mo$1.42/km
+$33,141 more than the Toyota RAV4 Hybrid (64%)

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$22,928$45,856$68,784$91,7110yr 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 (49%)$19,316 (37%)$44,781 (53%)
Charging / fuel$4,280 (6%)$4,499 (9%)$4,575 (5%)
↳ of which charging loss12% (~$514)12% (~$549)
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$71,396$51,777$84,918

Queensland reference numbers

Electricity (Queensland)
33.30c/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 Queensland's numbers

Home electricity in Queensland is 33.30c/kWh — level with the 33.00c Australia average (AER, 2026-08-06), which makes Queensland 6th 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 Queensland changes exactly one input on this page.

What the AER figure for Queensland actually is: SE QLD / Energex (AER DMO 2025-26).

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 Queensland lands $42 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: Queensland widens the gap an EV has to close by about $42. At Queensland 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 Queensland for 5 years costs $648 more than in Tasmania, the cheapest state, and $1,272 less than in South Australia, the dearest.

Running cost at Queensland prices: a BYD Atto 1 (Essential) draws about $5.22 of electricity per 100 km charging at home in Queensland with the ~12% charging loss counted, against $11.41 of petrol for a 7 L/100km car — a petrol car would have to do 3.2 L/100km to match the EV's energy bill in Queensland. Only the most frugal small hybrids get near that, so on energy alone an EV is still well ahead in Queensland. 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 Queensland rates instead of the Australia average moves 2 of them out of the position they hold nationally. The ones Queensland moves furthest:

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

Cheapest to own in Queensland, Australia

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

The 13 models Queensland 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 Queensland. Priced at Queensland 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$44,027$734
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$49,984$833
BYD Atto 2 (Dynamic)Electric$31,990$50,576$843
Nissan X-Trail ST 2WD petrolPetrol$38,140$50,667$844
MG4Electric$31,990$50,901$848
GWM Ora 5Electric$33,990$52,309$872
Hyundai InsterElectric$39,990$56,624$944

That is the Queensland-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 Queensland

None of them. All 12 head-to-head matchups come out the same way at Queensland rates as at the Australia average: Queensland's electricity price moves an average EV's 5-year total by $42, which is never enough to change a winner in Queensland. All 12 Australia matchups →

States whose numbers look like Queensland's

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

Queensland 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 Queensland, Australia?

Usually not at typical mileage, as of July 2026: the cheapest model we track in Queensland, Australia is the Toyota Corolla Hybrid (a hybrid) at $42,750 over 5 years, while the cheapest electric — the BYD Atto 1 (Essential) at $44,027 — runs about $1,277 more. High mileage or cheap home charging can flip it; each comparison page shows exactly when.

Which EV is cheapest to own in Queensland, Australia?

As of July 2026, the BYD Atto 1 (Essential) — about $44,027 over 5 years all-in: depreciation, charging (including losses), insurance, maintenance, rego and financing.

What do electricity and petrol cost in Queensland, Australia right now?

Our totals use 33.30c/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 Queensland?

About $5.22 per 100 km charging at home at Queensland's residential rate (33.30c/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 →