Electric Alternative to the Toyota Highlander
2024 Toyota Highlander · 24 mpg combined · $38,185 MSRP
What your Toyota Highlander costs to run
3 EVs that fit
Ranked by total 5-year cost savings vs your Toyota Highlander.
Tesla Model Y
320 mi range · MSRP $43,990
| Cost (5 years) | Tesla Model Y | Toyota Highlander | EV saves |
|---|---|---|---|
| Fuel | $2,540 | $8,000 | +$5,460 |
| Maintenance | $2,900 | $7,000 | +$4,100 |
| Insurance | $11,750 | $9,750 | -$2,000 |
| Depreciation | $19,356 | $15,274 | -$4,082 |
| 5-yr running total | $36,546 | $40,024 | +$3,478 |
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 →
Ford Mustang Mach-E
270 mi range · MSRP $42,995
| Cost (5 years) | Ford Mustang Mach-E | Toyota Highlander | EV saves |
|---|---|---|---|
| Fuel | $3,115 | $8,000 | +$4,885 |
| Maintenance | $2,800 | $7,000 | +$4,200 |
| Insurance | $10,500 | $9,750 | -$750 |
| Depreciation | $21,498 | $15,274 | -$6,224 |
| 5-yr running total | $37,913 | $40,024 | +$2,111 |
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 →
Rivian R1S
321 mi range · MSRP $75,900
| Cost (5 years) | Rivian R1S | Toyota Highlander | EV saves |
|---|---|---|---|
| Fuel | $4,025 | $8,000 | +$3,975 |
| Maintenance | $3,400 | $7,000 | +$3,600 |
| Insurance | $16,000 | $9,750 | -$6,250 |
| Depreciation | $36,432 | $15,274 | -$21,158 |
| 5-yr running total | $59,857 | $40,024 | -$19,833 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
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