Tesla Model Y Premium Rear-Wheel Drive cost to own in Hong Kong — the true 5-year total
The Tesla Model Y Premium Rear-Wheel Drive starts at HK$413,407. Over 5 years, owning one (EV) costs about HK$426,871 in Hong Kong as of July 1, 2026 — HK$7,115/month, HK$8.54/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and licence fee. That's HK$68,357 more than a comparable Toyota Corolla Cross HEV over the same 5 years.
Hong Kong ended ALL EV first-registration-tax concessions on 31 Mar 2026 (previously HK$58,500 general / HK$172,500 One-for-One) — every EV price here already includes full marginal FRT (46%–132% brackets). What remains: e-PCs pay a lower annual licence fee (HK$2,114 vs HK$5,074 for a ≤1,500cc petrol car), which IS modeled in the totals. Source: HK Gov P2026022500288 (25 Feb 2026) · TD fee schedule.
Tesla Model Y Premium Rear-Wheel Drive · Hong Kong · 5-year estimateHK$426,871 total · HK$7,115/mo · HK$8.54/km
Where the money goes
| Cost component | Electric · Tesla Model Y Premium | Hybrid · Toyota Corolla Cross HEV |
|---|---|---|
| Depreciation (estimated) | HK$268,715 (63%) | HK$149,607 (42%) |
| Charging / fuel | HK$15,401 (4%) | HK$73,074 (20%) |
| ↳ of which charging loss | 12% (~HK$1,848) | — |
| Maintenance | HK$10,000 (2%) | HK$16,000 (4%) |
| Insurance | HK$45,000 (11%) | HK$32,500 (9%) |
| Financing interest | HK$77,186 (18%) | HK$61,962 (17%) |
| Registration & fees | HK$10,570 (2%) | HK$25,370 (7%) |
| Total cost of ownership | HK$426,871 | HK$358,514 |
Tesla Model Y Premium Rear-Wheel Drive specs & assumptions
- Starting price
- HK$413,407manufacturer
- Powertrain
- Electric
- Efficiency
- 13.9 kWh/100km (est.)WLTP/NEDC
- Range
- 466 kmWLTP/NEDC
- Hong Kong electricity
- 1.50HK$/kWhCLP / HK Electric
- Annual km (assumed)
- 10,000Hong Kong average
Compare the Tesla Model Y Premium Rear-Wheel Drive against any car, your km & your scenario
Cost to charge the Tesla Model Y Premium Rear-Wheel Drive at home
The Tesla Model Y Premium Rear-Wheel Drive runs about HK$23.69 per 100 km at home — versus about HK$222.88 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
- HK$23.6913.9 kWh/100km + 12% charging loss × HK$1.50/kWh
- A typical 7 L/100km petrol car
- HK$222.88/100kmat HK$31.84/L — for comparison