Electric Alternative to the Toyota Tacoma
2024 Toyota Tacoma · 21 mpg combined · $32,600 MSRP
What your Toyota Tacoma costs to run
Annual fuel cost
$1,829
12,000 mi/yr
Cost per mile
15.2¢
gas at $3.20/gal
5-yr fuel cost
$9,145
fuel only
5-yr running costs
$34,925
depr + fuel + ins + maint
2 EVs that fit
Ranked by total 5-year cost savings vs your Toyota Tacoma.
Best match
Ford F-150 Lightning
240 mi range · MSRP $49,995
-$7,273
5-yr TCO vs Toyota Tacoma
Annual fuel savings
$989
EV cost/mile
7.0¢
vs 15.2¢ gas
EV annual fuel
$840
vs $1,829 gas
Price difference
+$17,395
vs Toyota Tacoma MSRP
| Cost (5 years) | Ford F-150 Lightning | Toyota Tacoma | EV saves |
|---|---|---|---|
| Fuel | $4,200 | $9,145 | +$4,945 |
| Maintenance | $3,000 | $6,750 | +$3,750 |
| Insurance | $12,000 | $9,250 | -$2,750 |
| Depreciation | $22,998 | $9,780 | -$13,218 |
| 5-yr running total | $42,198 | $34,925 | -$7,273 |
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 R1T
314 mi range · MSRP $69,900
-$19,394
5-yr TCO vs Toyota Tacoma
Annual fuel savings
$1,056
EV cost/mile
6.4¢
vs 15.2¢ gas
EV annual fuel
$773
vs $1,829 gas
Price difference
+$37,300
vs Toyota Tacoma MSRP
| Cost (5 years) | Rivian R1T | Toyota Tacoma | EV saves |
|---|---|---|---|
| Fuel | $3,865 | $9,145 | +$5,280 |
| Maintenance | $3,300 | $6,750 | +$3,450 |
| Insurance | $15,000 | $9,250 | -$5,750 |
| Depreciation | $32,154 | $9,780 | -$22,374 |
| 5-yr running total | $54,319 | $34,925 | -$19,394 |
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
Other trucks in your class
Ford F-150
20 mpg · Best match: Ford F150 Lightning
Chevrolet Silverado 1500
19 mpg · Best match: Ford F150 Lightning
Ram 1500
18 mpg · Best match: Ford F150 Lightning