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Tesla Model Y Cost in Rhode Island: EV vs Gas Comparison (2026)

Quick Answer

The Tesla Model Y costs $1,060/month to own in Rhode Island over 5 years. That's $23,831 more than a comparable Toyota RAV4.Annual charging cost: $839 vs $1,740 for gas.

✓ Updated March 2026✓ Based on state insurance filings

5-Year Cost: Tesla Model Y vs Toyota RAV4

Tesla Model Y (EV)Toyota RAV4 (Gas)
MSRP$46,990$30,645
Depreciation$27,254$12,871
Insurance$21,240$10,700
Fuel/Charging$4,193$8,700
Maintenance$2,810$2,145
5-Year Total$63,576$39,745
Monthly Cost$1,060/mo$662/mo

Charging Costs in Rhode Island

Home Charging (avg 21.5¢/kWh)

$839/year

$70/month

Gas Equivalent (30 MPG, $3.48/gal)

$1,740/year

You save $901/year on fuel

These are estimates based on state averages. Your exact rate depends on your specific profile.

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