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
Tesla Model Y RWD
Tesla Model Y Long Range AWD
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 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)
| Cost component | Electric · Tesla Model Y RWD | Hybrid · Toyota RAV4 Hybrid | Electric · 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 loss | 12% (~$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:
- GWM Ora 5 — 4 places better in Tasmania than at the Australia average, at $51,581 over 5 years here.
- Lexus NX 350h Luxury 2WD — 2 places worse in Tasmania than at the Australia average, at $67,802 over 5 years here.
- Toyota HiLux — 2 places worse in Tasmania than at the Australia average, at $71,119 over 5 years here.
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:
| Type | ||||
|---|---|---|---|---|
| Toyota Corolla Hybrid | Hybrid | $32,110 | $42,750 | $713 |
| BYD Atto 1 (Essential) | Electric | $23,990 | $43,379 | $723 |
| Toyota Corolla | Petrol | $29,990 | $44,016 | $734 |
| GWM Haval Jolion Hybrid | Hybrid | $33,990 | $44,969 | $749 |
| Toyota Camry Hybrid | Hybrid | $39,990 | $48,031 | $801 |
| GWM Haval H6 Lux 2.0T petrol FWD | Petrol | $34,490 | $48,302 | $805 |
| BYD Dolphin | Electric | $31,760 | $49,350 | $823 |
| Suzuki Jimny XL 5-door auto | Petrol | $37,490 | $49,757 | $829 |
| BYD Atto 2 (Dynamic) | Electric | $31,990 | $49,876 | $831 |
| MG4 | Electric | $31,990 | $50,149 | $836 |
| GWM Ora 5 | Electric | $33,990 | $51,581 | $860 |
| Hyundai Inster | Electric | $39,990 | $55,952 | $933 |
| Leapmotor C10 Design | Electric | $45,888 | $61,459 | $1,024 |
| Deepal S07 | Electric | $47,990 | $62,995 | $1,050 |
| BYD Shark 6 | Plug-in hybrid | $57,900 | $66,224 | $1,104 |
| Ford Ranger | Petrol | $59,000 | $66,240 | $1,104 |
| BYD Sealion 7 | Electric | $54,990 | $68,541 | $1,142 |
| Kia EV5 | Electric | $56,770 | $69,976 | $1,166 |
| BMW iX1 xDrive30 | Electric | $77,900 | $86,143 | $1,436 |
| Genesis GV70 Electrified | Electric | $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:
- Nationally the Ford Ranger is $555 cheaper over 5 years, but at Tasmania rates the BYD Shark 6 wins instead, by $16. BYD Shark 6 vs Ford Ranger →
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:
- Victoria → 30.0c/kWh
- Australian Capital Territory → 30.8c/kWh
- Western Australia → 32.4c/kWh
- South Australia → 43.7c/kWh
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?
Which EV is cheapest to own in Tasmania, Australia?
What do electricity and petrol cost in Tasmania, Australia right now?
What does the 5-year total include?
How much does it cost to charge an EV in Tasmania?
Estimates for planning, not financial advice. Australia depreciation, insurance and maintenance are dated estimates calibrated to Australia sources. How we calculate →