1. Electric
  2. Electric Car Cost Benefits
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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

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.