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Cost benefits of an electric car

Driving an electric car can save you money when compared with the cost of driving a conventional car, from the cost of fuel, to road tax and congestion charges.

Electrified Cost Calculator

Use our handy Electrified Cost Calculator to estimate how much money you could save in fuel and VED driving a Toyota electric vehicle compared with any other model in our range.
Calculate costs

Ownership costs

Charging

<p>Most people who drive an electric car charge at home. This is convenient and cost effective – even more so when you take advantage of the competitive dedicated EV tariffs, which offer lower costs for charging overnight.</p>

Toyota bZ4X headlights

Maintenance

<p>Electric cars have fewer parts than conventional, or hybrid cars. This means they are cheaper to maintain, take our All-Electric bZ4X, which is cheaper to service at a Toyota dealer, than our RAV4 Hybrid.</p>

Toyota technician dungarees

Congestion and low emission zones

<p>Electric cars drive for free in congestion and low emission zones**, this can amount to a huge saving, particularly in areas such as London, where the cost to drive in one day can be as much as £27.50 if your car does not meet ULEZ standards.</p>

Toyota Proace Electric

Road tax

<p>On your first year of owning an electric car, you will only pay the lowest rate of vehicle tax set at £10 from 1 April 2025. From the second tax payment onwards, you will pay the standard rate of £195.</p>

Curvy forest road

Business users save too

As a company car driver, electric vehicles are extremely cost efficient, with Benefit in Kind rates fixed at just 2% until April 2025, from April 2025, the rate will increase by just 1% every year until 2028.

As a business owner, you can benefit from government grants and reduced taxes for electric vehicles making electric vehicles a cost-effective option.

Explore Electric Vehicles for Business
**Refer to Discounts and exemptions - Transport for London (tfl.gov.uk) for further details, and changes from 25/12/2025.