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

Quick Answer

The Tesla Model Y costs $1,035/month to own in Texas over 5 years. That's $23,115 more than a comparable Toyota RAV4.Annual charging cost: $495 vs $1,540 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$2,477$7,700
Maintenance$2,810$2,145
5-Year Total$62,070$38,955
Monthly Cost$1,035/mo$649/mo

Charging Costs in Texas

Home Charging (avg 12.7¢/kWh)

$495/year

$41/month

Gas Equivalent (30 MPG, $3.08/gal)

$1,540/year

You save $1,045/year on fuel

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

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