Tesla Model 3 RWD or Toyota Corolla Hybrid: which costs less?
Over 5 years in Norway (12,000 km/year), the Toyota Corolla Hybrid is still the cheapest car to own — about 472 747 kr versus 477 361 kr for the Tesla Model 3 RWD, a gap of 4 614 kr.
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.
Cheaper over 5 years · NorwayToyota Corolla Hybrid · 472 747 kr total · that's 4 614 kr less than the Tesla Model 3 RWD
Tesla Model 3 RWD vs Toyota Corolla Hybrid — Where your money goes
| Cost component | Electric · Tesla Model 3 RWD | Hybrid · Toyota Corolla Hybrid |
|---|---|---|
| Depreciation (estimated) | 306 751 kr (64%) | 253 428 kr (54%) |
| Charging / fuel | 16 132 kr (3%) | 55 891 kr (12%) |
| ↳ of which charging loss | 12% (~1 936 kr) | — |
| Maintenance | 17 502 kr (4%) | 32 502 kr (7%) |
| Insurance | 62 500 kr (13%) | 52 500 kr (11%) |
| Financing interest | 74 476 kr (16%) | 78 426 kr (17%) |
| Registration & fees | 0 kr (0%) | 0 kr (0%) |
| Total cost of ownership | 477 361 kr | 472 747 kr |
When is the EV worth it?
The electric car pays off as soon as you drive more than 13,000 km/year or keep it longer than 6 years — from there, the lower running costs claw back the higher purchase price.
Tesla Model 3 RWD vs Toyota Corolla Hybrid — Head-to-head
Tesla Model 3 RWD
- 5-year total cost
- 477 361 kr
- per month
- 7 956 kr
- kr/km
- 7,96 kr
- Purchase price
- 399 000 kr
- Drivetrain
- Electric
- Consumption
- 14 kWh/100km
Toyota Corolla Hybrid
- 5-year total cost
- 472 747 kr
- per month
- 7 879 kr
- kr/km
- 7,88 kr
- Purchase price
- 420 000 kr
- Drivetrain
- Hybrid
- Consumption
- 4,5 L/100km
- Electricity price
- 1.30 kr/kWh NVE
- Fuel price
- 20.70 kr/l SSB