Tesla Model 3 vs Toyota Camry: Running Costs in Victoria
Data verified April 2025
At this driving profile, the Toyota Camry is the more economical choice over 5 years in Victoria.
Running only 15,000 km per year in Victoria, the Tesla Model 3's higher purchase price doesn't fully pay back through lower running costs within 5 years. The Tesla Model 3 costs $138,777 in total versus $82,008 for the Toyota Camry — a difference of $56,770. The numbers don't reach break-even within this holding period. If you drive significantly more km per year, or if petrol prices rise substantially, this comparison would shift.
The economics don't stack up at this driving distance — increase annual km or extend the holding period to change the picture.
Frequently asked questions
Is the Tesla Model 3 cheaper than the Toyota Camry over 5 years in Victoria?
At 15,000 km/yr in Victoria the Toyota Camry is the cheaper option over 5 years: $82,008 total versus $138,777 for the Tesla Model 3. Use the calculator to adjust for your situation.
Does the Tesla Model 3 break even against the Toyota Camry in Victoria?
At 15,000 km/yr in Victoria the Tesla Model 3 does not fully recover its price premium within a 5-year holding period. Higher annual km or an extended holding period would change this.
How much does it cost to charge the Tesla Model 3 vs fuel the Toyota Camry per year in Victoria?
At 15,000 km/yr in Victoria, charging the Tesla Model 3 costs approximately $758/yr, versus $1,184/yr in petrol for the Toyota Camry. Victoria's electricity and fuel rates are applied automatically.