Motoring Today

Tesla Model Y cost of ownership

Real numbers from 6 Tesla Model Y cars in stock — finance, VED, fuel mix and depreciation.

Reviewed by the Motoring Today Editorial team · methodology in our editorial standards.

How much does it cost to run a Tesla Model Y?

The typical Tesla Model Y on Motoring Today costs around £461/mo on representative PCP/HP finance. Annual VED, fuel mix and total cost are itemised below.

Median price
£23,995
Median £/mo
£461

With 3 Tesla Model Ys currently for sale on Motoring.Today, ranging from 2023 to 2026 models, the real running costs of owning one are a key consideration. The cheapest Model Y available is priced at £23,995 cash, or a representative monthly payment of £460, subject to status. This introduction explores the various elements that make up the cost of ownership, helping you budget effectively. The total cost of running a used Tesla Model Y extends beyond its purchase price. Key areas to factor in include energy costs, which will depend on your charging habits and electricity tariffs. Insurance premiums are another significant outlay, varying based on factors like your age, driving history, and postcode. You will also need to consider road tax, otherwise known as Vehicle Excise Duty (VED), and routine servicing and maintenance to keep your Model Y in optimal condition. Depreciation is an often-overlooked cost; it represents the difference between what you pay for the car and what it will be worth when you sell it. While our comprehensive tools on this page can help you estimate these expenses, understanding these core cost categories is the first step in assessing the overall affordability of a used Tesla Model Y.

Tesla Model Y insurance group

45–50 of 50

Median price
£23,995
From £19,300
Median monthly finance
£461/mo
Representative PCP/HP
Median CO₂
—
Drives ULEZ + VED
Est. depreciation
—
Vs. original list price

Fuel cost at today's prices (updated quarterly)

Estimated fuel cost
£617 / year
Cost per mile
7.7p / mile

Typical Tesla Model Y running cost for a private driver at 8,000 miles/year. Based on ~3.5 miles/kWh home charging, at a typical home electricity tariff of 27p/kWh domestic electricity (updated 1 Apr 2026).

Pump prices: DESNZ weekly road fuel prices; electricity: DESNZ Quarterly Energy Prices — both Open Government Licence v3.0, updated weekly/quarterly. An estimate for comparison, not a guaranteed cost; your economy, mileage and tariff will vary.

Official MPG, CO₂ & insurance by trim

Trim-level specifications for the Tesla Model Y (Electric), across 5 recorded variants.

Performance
342–420 bhp
Power
3.5s
0–60 mph (fastest)
155 mph
Top speed
Economy & running costs
0 g/km
CO₂
372 mi
Electric range (max)
78.1 kWh
Battery (max)
45–50 of 50
Insurance group
Dimensions & practicality
4,751 mm
Length
2,129 mm
Width
1,624 mm
Height
2,890 mm
Wheelbase
1,979 kg
Weight
5
Seats
5
Doors
Euro NCAP safety
5-star · tested 2022
98%
Safety assist

The Tesla Model Y SUV was tested by Euro NCAP in 2022 and was awarded a 5 star overall rating. This overall rating is calculated from the following individual ratings:

Automatic 5 seats New from £44,990
TrimFuelPowerMPGCO₂Ins.
RWD 5dr AutoAutomaticElectric342 bhp—046
Performance AWD 5dr AutoAutomaticElectric420 bhp—050
Long Range AWD 5dr AutoAutomaticElectric378 bhp—048

Manufacturer specifications aggregated across recorded trims; individual cars vary by options and age. Figures are a guide — confirm exact spec with the seller.

Annual VED (road tax) bands

CO₂ bandAnnual VEDShare of stock
Zero-emission (standard rate)£200100%

Indicative standard-rate VED. Cars over £40k list price pay an additional supplement for years 2–6.

Fuel mix in stock

Electric · 100%

Frequently asked questions

How much does it cost to run a Tesla Model Y?
Running a Tesla Model Y involves several costs: electricity for charging, insurance premiums, road tax (which is currently nil for fully electric vehicles), routine servicing, and depreciation over time. While the buy-in starts from £19,300 cash or from £418 per month on finance, these ongoing expenses will vary.
Is a used Tesla Model Y expensive to maintain?
Maintenance costs for a used Tesla Model Y can vary. Electric vehicles generally have fewer moving parts than petrol or diesel cars, which can lead to lower routine servicing costs. However, overall maintenance expenses will be influenced by the car's age, mileage, and individual driving habits.
How many used Tesla Model Y cars are currently for sale?
We currently have 4 used Tesla Model Y cars available for sale, ranging from model years 2022 to 2026. You can find detailed finance calculators on the page, with all finance options subject to status.

More Tesla Model Y resources