Electric Alternative to the Toyota Corolla
2024 Toyota Corolla · 33 mpg combined · $22,050 MSRP
What your Toyota Corolla costs to run
Annual fuel cost
$1,164
12,000 mi/yr
Cost per mile
9.7¢
gas at $3.20/gal
5-yr fuel cost
$5,820
fuel only
5-yr running costs
$26,670
depr + fuel + ins + maint
2 EVs that fit
Ranked by total 5-year cost savings vs your Toyota Corolla.
Best match
Chevy Bolt EV
259 mi range · MSRP $26,500
-$1,030
5-yr TCO vs Toyota Corolla
Annual fuel savings
$669
EV cost/mile
4.1¢
vs 9.7¢ gas
EV annual fuel
$495
vs $1,164 gas
Price difference
+$4,450
vs Toyota Corolla MSRP
| Cost (5 years) | Chevy Bolt EV | Toyota Corolla | EV saves |
|---|---|---|---|
| Fuel | $2,475 | $5,820 | +$3,345 |
| Maintenance | $2,400 | $5,000 | +$2,600 |
| Insurance | $8,250 | $7,250 | -$1,000 |
| Depreciation | $14,575 | $8,600 | -$5,975 |
| 5-yr running total | $27,700 | $26,670 | -$1,030 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
Tesla Model 3
272 mi range · MSRP $40,240
-$6,396
5-yr TCO vs Toyota Corolla
Annual fuel savings
$681
EV cost/mile
4.0¢
vs 9.7¢ gas
EV annual fuel
$483
vs $1,164 gas
Price difference
+$18,190
vs Toyota Corolla MSRP
| Cost (5 years) | Tesla Model 3 | Toyota Corolla | EV saves |
|---|---|---|---|
| Fuel | $2,415 | $5,820 | +$3,405 |
| Maintenance | $2,750 | $5,000 | +$2,250 |
| Insurance | $11,000 | $7,250 | -$3,750 |
| Depreciation | $16,901 | $8,600 | -$8,301 |
| 5-yr running total | $33,066 | $26,670 | -$6,396 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
What actually changes when you switch
You pay less for
- ✓ Fuel — electricity is 3–4× cheaper per mile than gas at current prices
- ✓ Oil changes — EVs don't have them
- ✓ Brake jobs — regenerative braking extends pad life
- ✓ Transmission service — no transmission
You pay more for
- ○ Purchase price — most EVs cost $5K–$15K more upfront
- ○ Insurance — EVs cost 10–25% more to insure on average
- ○ Home charger — Level 2 install runs $800–$1,500
- ○ Tire replacement — heavier EVs can wear tires faster
Other sedans in your class
Honda Civic
33 mpg · Best match: Chevy Bolt Ev
Toyota Camry
32 mpg · Best match: Tesla Model 3
Honda Accord
33 mpg · Best match: Tesla Model 3
BMW 3 Series
28 mpg · Best match: Tesla Model 3