Toyota RAV4 Hybrid
$51,777 / 5 yr
$863/mo$0.86/km
Lowest 5-yr cost
EV vs petrol cost in Victoria, Australia (2026) — the true 5-year total
As of July 2026: of the 62 models we track in Victoria, Australia, the cheapest to own over 5 years is the Toyota Corolla Hybrid at $42,750 — a hybrid. The cheapest electric, the BYD Atto 1 (Essential) ($43,623), runs about $873 more — we say it plainly when the petrol or hybrid car wins.
What an EV really costs to own in Victoria versus petrol or a hybrid, at Victoria's electricity price of 30.00c/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 $19,195 less than the Tesla Model Y RWD ($863/mo, $0.86/km).
Total cost of ownership, cheapest first
Tesla Model Y RWD
$70,972 / 5 yr
$1,183/mo$1.18/km
+$19,195 more than the Toyota RAV4 Hybrid (37%)
Tesla Model Y Long Range AWD
$84,465 / 5 yr
$1,408/mo$1.41/km
+$32,688 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
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 | $3,856 (5%) | $4,499 (9%) | $4,122 (5%) |
| ↳ of which charging loss | 12% (~$463) | — | 12% (~$495) |
| 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 | $70,972 | $51,777 | $84,465 |
Victoria reference numbers
- Electricity (Victoria)
- 30.00c/kWhAER · 2026-07-01
- 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
Cheapest to own in Victoria, Australia
Every model, ranked by true 5-year cost at Victoria rates (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 | $43,623 | $727 |
| 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 | $49,589 | $826 |
| Suzuki Jimny XL 5-door auto | Petrol | $37,490 | $49,757 | $829 |
| BYD Atto 2 (Dynamic) | Electric | $31,990 | $50,140 | $836 |
| MG4 | Electric | $31,990 | $50,433 | $841 |
| Nissan X-Trail ST 2WD petrol | Petrol | $38,140 | $50,667 | $844 |
| Kia Sportage S 2.0 petrol FWD | Petrol | $37,990 | $51,255 | $854 |
| Toyota RAV4 Hybrid | Hybrid | $45,990 | $51,777 | $863 |
| GWM Ora 5 | Electric | $33,990 | $51,856 | $864 |
| Mazda CX-5 | Petrol | $39,990 | $51,866 | $864 |
| Mitsubishi Outlander | Petrol | $39,990 | $51,964 | $866 |
| Hyundai Tucson | Petrol | $39,100 | $51,974 | $866 |
| Subaru Forester AWD Hybrid | Hybrid | $46,490 | $53,646 | $894 |
| Hyundai Inster | Electric | $39,990 | $56,205 | $937 |
| Isuzu D-Max LS-U (diesel) | Petrol | $46,200 | $57,247 | $954 |
| BYD Atto 3 | Electric | $41,760 | $57,902 | $965 |
| Geely EX5 | Electric | $41,990 | $58,187 | $970 |
| BYD Sealion 6 (Dynamic Extended PHEV) | Plug-in hybrid | $47,990 | $58,830 | $981 |
| MG ZS EV | Electric | $44,092 | $59,982 | $1,000 |
| Hyundai Kona Electric | Electric | $45,990 | $60,954 | $1,016 |
| MG S5 EV (Excite 62kWh) | Electric | $45,990 | $61,166 | $1,019 |
| Leapmotor C10 Design | Electric | $45,888 | $61,778 | $1,030 |
| Kia EV3 (Air Standard Range) | Electric | $46,990 | $61,785 | $1,030 |
| Toyota Kluger GX Hybrid AWD | Hybrid | $62,410 | $62,739 | $1,046 |
| Deepal S07 | Electric | $47,990 | $63,307 | $1,055 |
| BYD Seal | Electric | $48,760 | $63,614 | $1,060 |
| Ford Everest Ambiente (diesel) | Petrol | $59,490 | $65,190 | $1,087 |
| BMW X1 sDrive18i | Petrol | $62,400 | $65,509 | $1,092 |
| Ford Ranger | Petrol | $59,000 | $66,240 | $1,104 |
| BYD Shark 6 | Plug-in hybrid | $57,900 | $66,452 | $1,108 |
| Tesla Model 3 RWD | Electric | $54,900 | $67,727 | $1,129 |
| Lexus NX 350h Luxury 2WD | Hybrid | $71,700 | $67,802 | $1,130 |
| Mitsubishi Outlander PHEV | Plug-in hybrid | $60,290 | $67,983 | $1,133 |
| BYD Sealion 7 | Electric | $54,990 | $68,860 | $1,148 |
| Kia EV5 | Electric | $56,770 | $70,298 | $1,172 |
| Zeekr 7X (RWD) | Electric | $57,900 | $70,726 | $1,179 |
| Tesla Model Y RWD | Electric | $58,900 | $70,972 | $1,183 |
| Toyota HiLux | Petrol | $70,000 | $71,119 | $1,185 |
| Toyota Prado GX (diesel) | Petrol | $72,500 | $74,180 | $1,236 |
| Tesla Model 3 Long Range AWD | Electric | $67,900 | $78,108 | $1,302 |
| Mercedes-Benz GLC 200 | Petrol | $89,000 | $83,726 | $1,395 |
| Tesla Model Y Long Range AWD | Electric | $75,900 | $84,465 | $1,408 |
| BMW iX1 xDrive30 | Electric | $77,900 | $86,447 | $1,441 |
| Land Rover Defender 110 D250 S | Petrol | $100,900 | $92,920 | $1,549 |
| Toyota LandCruiser 300 GXL diesel | Petrol | $108,791 | $99,150 | $1,653 |
| Porsche Macan RWD (Electric) | Electric | $129,800 | $126,589 | $2,110 |
| Genesis GV70 Electrified | Electric | $132,800 | $129,934 | $2,166 |
Australia head-to-head: EV vs petrol/hybrid
Tesla Model Y RWDvsToyota RAV4 HybridTesla Model 3 RWDvsToyota Corolla HybridBYD Atto 3vsHyundai TucsonMG4vsToyota Corolla HybridBYD SealvsToyota Camry HybridBYD DolphinvsMazda CX-5Hyundai Kona ElectricvsMazda CX-5Kia EV5vsHyundai TucsonBYD Sealion 7vsToyota RAV4 HybridMG ZS EVvsHyundai TucsonTesla Model Y Long Range AWDvsToyota RAV4 HybridBYD Shark 6vsFord Ranger
Victoria cost by model
Electric
$70,9725-yr cost$84,4655-yr cost$67,7275-yr cost$78,1085-yr cost$57,9025-yr cost$49,5895-yr cost$63,6145-yr cost$68,8605-yr cost$50,4335-yr cost$59,9825-yr cost$70,2985-yr cost$60,9545-yr cost$43,6235-yr cost$50,1405-yr cost$70,7265-yr cost$58,1875-yr cost$51,8565-yr cost$61,7855-yr cost$56,2055-yr cost$61,1665-yr cost$63,3075-yr cost$61,7785-yr cost$86,4475-yr cost$129,9345-yr cost$126,5895-yr cost
Plug-in hybrid
Hybrid
← All Australia EV costs (national average)
FAQ
Is an electric car cheaper to own than a petrol car in Victoria, Australia?
Usually not at typical mileage, as of July 2026: the cheapest model we track in Victoria, Australia is the Toyota Corolla Hybrid (a hybrid) at $42,750 over 5 years, while the cheapest electric — the BYD Atto 1 (Essential) at $43,623 — runs about $873 more. High mileage or cheap home charging can flip it; each comparison page shows exactly when.
Which EV is cheapest to own in Victoria, Australia?
As of July 2026, the BYD Atto 1 (Essential) — about $43,623 over 5 years all-in: depreciation, charging (including losses), insurance, maintenance, rego and financing.
What do electricity and petrol cost in Victoria, Australia right now?
Our totals use 30.00c/kWh for home electricity (AER) and $1.63/L for petrol (AIP), as of July 1, 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.
Estimates for planning, not financial advice. Australia depreciation, insurance and maintenance are dated estimates calibrated to Australia sources. How we calculate →