Tesla Model Y (Standard RWD) vs Toyota RAV4 (Hybrid LE AWD): 5-year cost to own (Canada)

By Ivan H., EVCostIQ · reviewed against our public methodology · every source dated on this page

Over 5 years in Canada (15,000 km/yr), as of July 2, 2026, the Toyota RAV4 (Hybrid LE AWD) stays the cheaper car to own — about $48,042 vs $60,050 for the Tesla Model Y (Standard RWD), a $12,008 difference over 5 years.

Canada EVAP: up to $5,000 off an eligible new EV ($2,500 PHEV); Quebec / BC may add more. Shown for reference; not in the totals above. Source: Transport Canada.

Cheaper to own over 5 years · CanadaToyota RAV4 (Hybrid LE AWD) · $48,042 total · $12,008 less than the Tesla Model Y (Standard RWD)

Tesla Model Y (Standard RWD) vs Toyota RAV4 (Hybrid LE AWD) — where the money goes

5-year total cost of ownership by component, by vehicle (CAD). Estimates; sources dated in the methodology.
Cost component	Electric · Tesla Model Y	Hybrid · Toyota RAV4
Depreciation (estimated)	$28,994 (48%)	$18,000 (37%)
Charging / fuel	$2,815 (5%)	$6,804 (14%)
↳ of which charging loss	12% (~$338)	—
Maintenance	$3,248 (5%)	$4,500 (9%)
Insurance	$15,655 (26%)	$11,750 (24%)
Financing interest	$8,837 (15%)	$6,488 (14%)
Registration & fees	$500 (1%)	$500 (1%)
Total cost of ownership	$60,050	$48,042

When does the Tesla Model Y (Standard RWD) win?

The Toyota RAV4 (Hybrid LE AWD) wins decisively here — $12,008 cheaper over 5 years; at typical assumptions this isn't a close call.

No realistic annual distance flips this verdict — the Toyota RAV4 (Hybrid LE AWD) stays the cheaper car at every distance we model.

What decides the Tesla Model Y (Standard RWD) vs Toyota RAV4 (Hybrid LE AWD) verdict

The single biggest mover is depreciation: $28,994 on the Tesla Model Y (Standard RWD) against $18,000 on the Toyota RAV4 (Hybrid LE AWD), a $10,994 gap in the Toyota RAV4 (Hybrid LE AWD)'s favor — the largest slice of the $12,008 verdict. On the Tesla Model Y (Standard RWD), depreciation alone is 48% of its $60,050 total; on the Toyota RAV4 (Hybrid LE AWD) it is 37% of $48,042.

Energy: $2,815 of charging for the Tesla Model Y (Standard RWD) vs $6,804 of gas for the Toyota RAV4 (Hybrid LE AWD) — $3,989 the other way, to the Tesla Model Y (Standard RWD).
Insurance: Tesla Model Y (Standard RWD) $15,655, Toyota RAV4 (Hybrid LE AWD) $11,750 — $3,905 more in the Toyota RAV4 (Hybrid LE AWD)'s favor.
Financing interest: Tesla Model Y (Standard RWD) $8,837, Toyota RAV4 (Hybrid LE AWD) $6,488 — $2,349 more in the Toyota RAV4 (Hybrid LE AWD)'s favor.

The Tesla Model Y (Standard RWD)'s best answer is energy — $3,989 back the other way — which covers 33% of the Toyota RAV4 (Hybrid LE AWD)'s $12,008 lead. At the dealer the Tesla Model Y (Standard RWD) starts $12,490 behind the Toyota RAV4 (Hybrid LE AWD); running costs claw back $482 of that, but the Toyota RAV4 (Hybrid LE AWD) still ends $12,008 ahead. The Toyota RAV4 (Hybrid LE AWD) is ahead by $4,009 after the first year and more than doubles that lead — $12,008 by year 5.

Tesla Model Y (Standard RWD) vs Toyota RAV4 (Hybrid LE AWD), side by side

Electric