Electric Alternative to the Toyota RAV4
2024 Toyota RAV4 · 30 mpg combined · $29,555 MSRP
What your Toyota RAV4 costs to run
3 EVs that fit
Ranked by total 5-year cost savings vs your Toyota RAV4.
Chevy Equinox EV
280 mi range · MSRP $34,995
| Cost (5 years) | Chevy Equinox EV | Toyota RAV4 | EV saves |
|---|---|---|---|
| Fuel | $2,760 | $6,400 | +$3,640 |
| Maintenance | $2,600 | $6,250 | +$3,650 |
| Insurance | $9,500 | $9,000 | -$500 |
| Depreciation | $16,798 | $11,822 | -$4,976 |
| 5-yr running total | $31,658 | $33,472 | +$1,814 |
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 →
Hyundai Ioniq 5
266 mi range · MSRP $41,450
| Cost (5 years) | Hyundai Ioniq 5 | Toyota RAV4 | EV saves |
|---|---|---|---|
| Fuel | $2,415 | $6,400 | +$3,985 |
| Maintenance | $2,650 | $6,250 | +$3,600 |
| Insurance | $10,250 | $9,000 | -$1,250 |
| Depreciation | $19,067 | $11,822 | -$7,245 |
| 5-yr running total | $34,382 | $33,472 | -$910 |
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 Y
320 mi range · MSRP $43,990
| Cost (5 years) | Tesla Model Y | Toyota RAV4 | EV saves |
|---|---|---|---|
| Fuel | $2,540 | $6,400 | +$3,860 |
| Maintenance | $2,900 | $6,250 | +$3,350 |
| Insurance | $11,750 | $9,000 | -$2,750 |
| Depreciation | $19,356 | $11,822 | -$7,534 |
| 5-yr running total | $36,546 | $33,472 | -$3,074 |
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