Cost benefits of an electric car
Driving an electric car can save you money when compared with the cost of driving a conventional car, from the cost of fuel, to road tax and congestion charges.
Electrified Cost Calculator
Use our handy Electrified Cost Calculator to estimate how much money you could save in fuel and VED driving a Toyota electric vehicle compared with any other model in our range.
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Ownership costs
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Charging
Most people who drive an electric car charge at home. This is convenient and cost effective – even more so when you take advantage of the competitive dedicated EV tariffs, which offer lower costs for charging overnight.
Business users save too
As a company car driver, electric vehicles are extremely cost efficient, with Benefit in Kind rates fixed at just 2% until April 2025, from April 2025, the rate will increase by just 1% every year until 2028.
As a business owner, you can benefit from government grants and reduced taxes for electric vehicles making electric vehicles a cost-effective option.
**Refer to Discounts and exemptions - Transport for London (tfl.gov.uk) for further details, and changes from 25/12/2025.