Tesla Model Y RWD cost to own in Australia — the true 5-year total
The Tesla Model Y RWD starts at $58,900. Over 5 years, owning one (EV) costs about $71,357 in Australia as of July 1, 2026 — $1,189/month, $1.19/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and rego. That's $19,580 more than a comparable Toyota RAV4 Hybrid over the same 5 years.
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.
Tesla Model Y RWD · Australia · 5-year estimate$71,357 total · $1,189/mo · $1.19/km
Where the money goes
| Cost component | Electric · Tesla Model Y RWD | Hybrid · Toyota RAV4 Hybrid |
|---|---|---|
| Depreciation (estimated) | $34,751 (49%) | $19,316 (37%) |
| Charging / fuel | $4,241 (6%) | $4,499 (9%) |
| ↳ of which charging loss | 12% (~$509) | — |
| Maintenance | $4,752 (7%) | $5,502 (11%) |
| Insurance | $12,725 (18%) | $10,000 (19%) |
| Financing interest | $10,513 (15%) | $8,085 (16%) |
| Registration & fees | $4,375 (6%) | $4,375 (8%) |
| Total cost of ownership | $71,357 | $51,777 |
Tesla Model Y RWD specs & assumptions
- Starting price
- $58,900manufacturer
- Powertrain
- Electric
- Efficiency
- 14.5 kWh/100kmADR
- Range
- 466 kmADR
- Australia electricity
- 33.00c/kWhAER
- Annual km (assumed)
- 12,000Australia average
Compare the Tesla Model Y RWD against any car, your km & your scenario
Cost to charge the Tesla Model Y RWD at home
The Tesla Model Y RWD runs about $5.44 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
- $5.4414.5 kWh/100km + 12% charging loss × $0.33/kWh
- A typical 7 L/100km petrol car
- $11.41/100kmat $1.63/L — for comparison