EVCostIQ

The EV cost intelligence platform

EV vs petrol cost in Tasmania, 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 Tasmania, Australia is the Toyota Corolla Hybrid at $42,750 — a hybrid. The cheapest electric, the BYD Atto 1 (Essential) ($43,379), runs about $629 more — we say it plainly when the petrol or hybrid car wins.

What an EV really costs to own in Tasmania versus petrol or a hybrid, at Tasmania's electricity price of 28.00c/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 $18,938 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

$70,715 / 5 yr
$1,179/mo$1.18/km
+$18,938 more than the Toyota RAV4 Hybrid (37%)
Electric

Tesla Model Y Long Range AWD

$84,190 / 5 yr
$1,403/mo$1.40/km
+$32,413 more than the Toyota RAV4 Hybrid (63%)

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$22,731$45,463$68,194$90,9250yr 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$3,599 (5%)$4,499 (9%)$3,847 (5%)
↳ of which charging loss12% (~$432)12% (~$462)
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$70,715$51,777$84,190

Tasmania reference numbers

Electricity (Tasmania)
28.00c/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 Tasmania's numbers

Home electricity in Tasmania is 28.00c/kWh — 15.2% below the 33.00c Australia average (AER, 2026-08-06), which makes Tasmania the cheapest of the 8 states we price: South Australia, the dearest, charges 1.6× more for the same kWh. Petrol stays Australia-wide at $1.63/L (AIP), as do rego and incentives, so Tasmania changes exactly one input on this page.

What the AER figure for Tasmania actually is: Aurora Energy regulated; med-low confidence.

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 Tasmania lands $705 below 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: Tasmania narrows the gap an EV has to close by about $705. At Tasmania rates EVs take 2 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 Tasmania is the cheapest place in Australia to keep it charged: $1,920 less over 5 years in Tasmania than the identical car in South Australia.

Running cost at Tasmania prices: a BYD Atto 1 (Essential) draws about $4.39 of electricity per 100 km charging at home in Tasmania with the ~12% charging loss counted, against $11.41 of petrol for a 7 L/100km car — a petrol car would have to do 2.7 L/100km to match the EV's energy bill in Tasmania. Only the most frugal small hybrids get near that, so on energy alone an EV is still well ahead in Tasmania. 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 Tasmania rates instead of the Australia average moves 19 of them out of the position they hold nationally. The ones Tasmania moves furthest:

All 28 models whose total actually moves with the electricity price reach their cheapest of any state in Tasmania.

Cheapest to own in Tasmania, Australia

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

The 20 models Tasmania 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 Tasmania. Priced at Tasmania rates, cheapest to own first.
Type
Toyota Corolla HybridHybrid$32,110$42,750$713
BYD Atto 1 (Essential)Electric$23,990$43,379$723
Toyota CorollaPetrol$29,990$44,016$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
BYD DolphinElectric$31,760$49,350$823
Suzuki Jimny XL 5-door autoPetrol$37,490$49,757$829
BYD Atto 2 (Dynamic)Electric$31,990$49,876$831
MG4Electric$31,990$50,149$836
GWM Ora 5Electric$33,990$51,581$860
Hyundai InsterElectric$39,990$55,952$933
Leapmotor C10 DesignElectric$45,888$61,459$1,024
Deepal S07Electric$47,990$62,995$1,050
BYD Shark 6Plug-in hybrid$57,900$66,224$1,104
Ford RangerPetrol$59,000$66,240$1,104
BYD Sealion 7Electric$54,990$68,541$1,142
Kia EV5Electric$56,770$69,976$1,166
BMW iX1 xDrive30Electric$77,900$86,143$1,436
Genesis GV70 ElectrifiedElectric$132,800$129,579$2,160

That is the Tasmania-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 Tasmania

Of the 12 head-to-head matchups we track in Australia, 1 comes out differently at Tasmania rates than at the Australia average — it is the only comparison on this site where "it depends where you live" is literally true in Tasmania:

Every other matchup falls the same way in Tasmania as it does nationally. All 12 Australia matchups →

States whose numbers look like Tasmania's

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

Tasmania 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 Tasmania, Australia?

Usually not at typical mileage, as of July 2026: the cheapest model we track in Tasmania, Australia is the Toyota Corolla Hybrid (a hybrid) at $42,750 over 5 years, while the cheapest electric — the BYD Atto 1 (Essential) at $43,379 — runs about $629 more. High mileage or cheap home charging can flip it; each comparison page shows exactly when.

Which EV is cheapest to own in Tasmania, Australia?

As of July 2026, the BYD Atto 1 (Essential) — about $43,379 over 5 years all-in: depreciation, charging (including losses), insurance, maintenance, rego and financing.

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

Our totals use 28.00c/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 Tasmania?

About $4.39 per 100 km charging at home at Tasmania's residential rate (28.00c/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 →