EV vs petrol car: what does it really cost to own in Norway?
As of 1 July 2026: of the 39 models we track in Norway, the MG4 is the cheapest to own over 5 years, at 375 943 kr — an electric car, and the clear winner here. We still say it plainly wherever a petrol or hybrid model wins.
What an electric car really costs to own in Norway — compared with petrol and diesel: depreciation, charging at 1.30 kr/kWh, maintenance, insurance, road tax and financing. Every figure with its source and date.
Example comparison — change the vehicles belowOver 5 years, the Toyota Corolla Hybrid (hybrid) is the cheapest at 472 747 kr — about 7 866 kr less than the Tesla Model Y RWD (7 879 kr/mo, 7,88 kr/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 break-even point.
Tesla Model Y RWD overtakes Toyota Corolla Hybrid at year 4 · Tesla Model Y Long never beats Toyota Corolla Hybrid within 5 yrs
Where the money goes (full breakdown)
| Cost component | Electric · Tesla Model Y RWD | Hybrid · Toyota Corolla Hybrid | Electric · Tesla Model Y Long |
|---|---|---|---|
| Depreciation (estimated) | 307 512 kr (64%) | 253 428 kr (54%) | 392 080 kr (67%) |
| Charging / fuel | 18 436 kr (4%) | 55 891 kr (12%) | 19 589 kr (3%) |
| ↳ of which charging loss | 12% (~2 212 kr) | — | 12% (~2 351 kr) |
| Maintenance | 17 502 kr (4%) | 32 502 kr (7%) | 17 502 kr (3%) |
| Insurance | 62 500 kr (13%) | 52 500 kr (11%) | 62 500 kr (11%) |
| Financing interest | 74 663 kr (16%) | 78 426 kr (17%) | 95 351 kr (16%) |
| Registration & fees | 0 kr (0%) | 0 kr (0%) | 0 kr (0%) |
| Total cost of ownership | 480 613 kr | 472 747 kr | 587 022 kr |
Reference data for Norway
- Electricity price
- 1.30 kr/kWhNVE · 1 July 2026
- Fuel price
- 20.70 kr/lSSB
- Charging loss
- 12 %EPA / SAE J1634
- Maintenance
- Electric 3 500 kr · Petrol 7 500 krest.
- Insurance
- Electric 12 500 kr · Petrol 10 300 krest.
Every model's price versus its true 5-year cost
Every model we cost, cheapest to run first — tap a column to sort by price or by true 5-year cost, or filter by type.
| Type | ||||
|---|---|---|---|---|
| MG4 | Electric | 290 000 kr | 375 943 kr | 6 266 kr |
| Kia Niro EV | Electric | 299 900 kr | 382 535 kr | 6 376 kr |
| Toyota Yaris Hybrid | Hybrid | 340 000 kr | 403 218 kr | 6 720 kr |
| Nissan Leaf | Electric | 330 000 kr | 414 794 kr | 6 913 kr |
| BYD Atto 3 | Electric | 340 000 kr | 424 939 kr | 7 082 kr |
| Skoda Elroq Essence 60 | Electric | 342 900 kr | 424 948 kr | 7 082 kr |
| Kia EV3 Air Standard Range FWD | Electric | 359 900 kr | 440 985 kr | 7 350 kr |
| Hyundai Kona Electric | Electric | 360 000 kr | 441 772 kr | 7 363 kr |
| Volvo EX30 | Electric | 362 500 kr | 444 740 kr | 7 412 kr |
| Toyota Urban Cruiser 61 kWh FWD | Electric | 367 100 kr | 449 718 kr | 7 495 kr |
| Toyota Corolla Hybrid | Hybrid | 420 000 kr | 472 747 kr | 7 879 kr |
| Volkswagen ID.3 Pro | Electric | 394 900 kr | 475 167 kr | 7 919 kr |
| Tesla Model 3 RWD | Electric | 399 000 kr | 477 361 kr | 7 956 kr |
| Ford Explorer EV Standard Range RWD | Electric | 399 000 kr | 479 090 kr | 7 985 kr |
| Tesla Model Y RWD | Electric | 399 990 kr | 480 613 kr | 8 010 kr |
| Toyota bZ4X | Electric | 411 400 kr | 492 684 kr | 8 211 kr |
| Toyota C-HR+ Active 2WD 77 kWh | Electric | 420 100 kr | 496 860 kr | 8 281 kr |
| Skoda Enyaq | Electric | 430 000 kr | 510 481 kr | 8 508 kr |
| Volkswagen Golf 1.5 TSI | Petrol | 420 000 kr | 523 384 kr | 8 723 kr |
| Volkswagen ID.4 | Electric | 445 000 kr | 525 411 kr | 8 757 kr |
| Skoda Octavia 1.5 TSI | Petrol | 440 000 kr | 538 180 kr | 8 970 kr |
| BMW iX1 eDrive20 | Electric | 466 500 kr | 543 564 kr | 9 059 kr |
| Volvo EX40 Single Motor | Electric | 469 900 kr | 546 932 kr | 9 116 kr |
| Volkswagen ID. Buzz Pro 79 kWh | Electric | 494 200 kr | 576 522 kr | 9 609 kr |
| Audi Q4 e-tron 45 quattro | Electric | 499 900 kr | 576 814 kr | 9 614 kr |
| Tesla Model Y Long Range AWD | Electric | 509 990 kr | 587 022 kr | 9 784 kr |
| Volkswagen ID.7 | Electric | 520 000 kr | 596 024 kr | 9 934 kr |
| Zeekr 7X Core RWD | Electric | 539 900 kr | 616 563 kr | 10 276 kr |
| Mercedes-Benz CLA 250+ | Electric | 549 900 kr | 619 679 kr | 10 328 kr |
| Polestar 4 Long Range Single Motor | Electric | 579 900 kr | 652 073 kr | 10 868 kr |
| Nissan Ariya e-4ORCE 87 kWh Evolve | Electric | 574 500 kr | 652 206 kr | 10 870 kr |
| Volkswagen Tiguan TSI | Petrol | 560 000 kr | 661 739 kr | 11 029 kr |
| Toyota RAV4 Plug-in Hybrid | Plug-in hybrid | 620 000 kr | 669 536 kr | 11 159 kr |
| Audi Q6 e-tron quattro | Electric | 729 900 kr | 799 049 kr | 13 317 kr |
| Volvo XC60 B5 mild-hybrid (petrol) | Petrol | 730 000 kr | 812 361 kr | 13 539 kr |
| Volvo EX90 Twin Motor | Electric | 1 088 500 kr | 1 144 960 kr | 19 083 kr |
Head-to-head
Cost by model
Electric
Plug-in hybrid
Momsfritak — Norway's EV VAT exemption (2026): electric cars are exempt from VAT on the purchase price up to 500 000 kr — on the part of the price above that, full VAT (25 %) applies. This is not a cash grant but a tax you don't pay, already built into the price you see at the dealership. We present the benefit separately and do not count it into the total costs above, to avoid double-counting. Source: Skatteetaten (the Norwegian Tax Administration) / Norsk elbilforening (the Norwegian EV Association), as of . Check the current threshold before you buy.
Ongoing EV perks: electric cars currently pay reduced rates on tolls, ferries and municipal parking (at most 70 % of the petrol/diesel rate), but several municipalities have started charging full price. Since 2023, electric cars also pay the full trafikkforsikringsavgift (road-traffic insurance tax), the same as petrol cars. The perks are not guaranteed and vary from place to place. We deduct any real savings only from the EV's running costs — never from the petrol car's. Source: Norsk elbilforening (the Norwegian EV Association), as of .
Trafikkforsikringsavgift (road-traffic insurance tax, formerly the årsavgift): electric cars today pay the same trafikkforsikringsavgift as petrol and diesel cars — the exemption was phased out in 2021/2023. So there is no tax advantage left here. The EV's main advantage in Norway lies in cheap electricity instead of expensive fuel, and in low depreciation — not in annual taxes. We put the current annual tax straight into the running cost — not as an incentive. Basis: Skatteetaten, as of .
Engangsavgift (one-off registration tax on weight/CO₂): petrol and diesel cars are charged an engangsavgift based on weight and emissions at registration, while electric cars are largely exempt (a weight component has been introduced for heavier EVs). This tax is already baked into the petrol car's list price, so we do not count it in again. We mention it here only to explain why a comparable petrol car often costs more to buy. Basis: the Storting's tax resolution, as of .
FAQ
Is an electric car cheaper to own than a petrol car in Norway?
Which electric car is cheapest to own in Norway?
What do electricity and fuel cost in Norway right now?
What does the 5-year total cost include?
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Estimates for planning, not financial advice. Depreciation, insurance and maintenance are dated estimates for the Norway market. How we calculate →