Tesla Model 3 vs Toyota Corolla: Running Costs in New South Wales
Data verified April 2025
At this driving profile, the Toyota Corolla is the more economical choice over 5 years in New South Wales.
Running only 15,000 km per year in New South Wales, 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 $110,780 in total versus $64,802 for the Toyota Corolla — a difference of $45,978. 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 Corolla over 5 years in New South Wales?
At 15,000 km/yr in New South Wales the Toyota Corolla is the cheaper option over 5 years: $64,802 total versus $110,780 for the Tesla Model 3. Use the calculator to adjust for your situation.
Does the Tesla Model 3 break even against the Toyota Corolla in New South Wales?
At 15,000 km/yr in New South Wales 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 Corolla per year in New South Wales?
At 15,000 km/yr in New South Wales, charging the Tesla Model 3 costs approximately $799/yr, versus $1,203/yr in petrol for the Toyota Corolla. New South Wales's electricity and fuel rates are applied automatically.