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.
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Ownership costs
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Charging
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.
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Maintenance
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.
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Congestion and low emission zones
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.
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Road tax
You do not have to pay road tax on an electric car (although you still must tax it), saving hundreds of pounds over a number of years compared with a conventional vehicle.
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.
**Refer to Discounts and exemptions - Transport for London (tfl.gov.uk) for further details, and changes from 25/12/2025.