Tesla Model Y vs Volvo EX30: cost to own

Verdict, over 6 years

The Tesla Model Y costs about $8,382 less

That's $116 a month. Closest matching trims: same fuel and drive where possible.

Model Y Rear-Wheel Drive✓ $1,219/moTrue cost

EX30 Ultra P8$1,335/moTrue cost

2026 Tesla Model Y

Closest matching trim: Model Y Rear-Wheel Drive

Sticker (MSRP)$49,990

+$4,771→↓Freight, fees, HST

Drive away$54,761

+ running costs→↓− $17,016 resale

True cost$1,219/moA month to own, after resale

2027 Volvo EX30

Closest matching trim: EX30 Ultra P8

Sticker (MSRP)$49,900

+$10,915→↓Freight, fees, HST

Drive away$60,815

+ running costs→↓− $17,255 resale

True cost$1,335/moA month to own, after resale

Line by line


Price
Sticker (MSRP)	$49,990	✓ $49,900	EX30 by $90
Freight and fees, before tax	✓ $2,896	$3,919	Model Y by $1,023
Sales tax (HST)	✓ $6,875	$6,996	Model Y by $121
EV rebate	−$5,000	—	—
Drive-away price	✓ $54,761	$60,815	Model Y by $6,054
Running costs, 6 years
Fuel or charging	✓ $2,590	$3,044	Model Y by $454
Insurance (estimate)	$19,862	✓ $15,639	EX30 by $4,223
Maintenance (estimate)	✓ $5,682	$9,577	Model Y by $3,895
Loan rate	6.5%	6.5%	—
Loan interest	✓ $10,466	$11,739	Model Y by $1,273
Lost return on your money	✓ $11,301	$12,469	Model Y by $1,168
Resale after 6 yrs	−$17,016	✓ −$17,255	EX30 by $239
Total
True cost	✓ $87,737	$96,119	Model Y by $8,382
True cost a month	✓ $1,219/mo	$1,335/mo	Model Y by $116
You pay each month	✓ $1,228/mo	$1,332/mo	Model Y by $104
Practical
Fuel type	Electric	Electric	—
Seats	5	5	—
Carry-ons, 2 people	Not published	3	—
Towing, lb	—	2,000	—
Cargo behind row 2, litres	Not published	400	—
Range, km (winter about 70%)	✓ 463 (324)	402 (281)	—
Length	—	4.23 m	—
Resale % after 6 yrs	34%	✓ 35%	—
US crash test	✓ 5★	Not rated yet	—
European crash test	✓ 5★ (2025)	—	—

Price

Sticker (MSRP)

Model Y Rear-Wheel Drive $49,990EX30 Ultra P8 ✓ $49,900Cheaper by EX30 by $90

Freight and fees, before tax

Model Y Rear-Wheel Drive ✓ $2,896EX30 Ultra P8 $3,919Cheaper by Model Y by $1,023

Sales tax (HST)

Model Y Rear-Wheel Drive ✓ $6,875EX30 Ultra P8 $6,996Cheaper by Model Y by $121

EV rebate

Model Y Rear-Wheel Drive −$5,000EX30 Ultra P8 —Cheaper by —

Drive-away price

Model Y Rear-Wheel Drive ✓ $54,761EX30 Ultra P8 $60,815Cheaper by Model Y by $6,054

Running costs, 6 years

Fuel or charging

Model Y Rear-Wheel Drive ✓ $2,590EX30 Ultra P8 $3,044Cheaper by Model Y by $454

Insurance (estimate)

Model Y Rear-Wheel Drive $19,862EX30 Ultra P8 ✓ $15,639Cheaper by EX30 by $4,223

Maintenance (estimate)

Model Y Rear-Wheel Drive ✓ $5,682EX30 Ultra P8 $9,577Cheaper by Model Y by $3,895

Loan rate

Model Y Rear-Wheel Drive 6.5%EX30 Ultra P8 6.5%Cheaper by —

Loan interest

Model Y Rear-Wheel Drive ✓ $10,466EX30 Ultra P8 $11,739Cheaper by Model Y by $1,273

Lost return on your money

Model Y Rear-Wheel Drive ✓ $11,301EX30 Ultra P8 $12,469Cheaper by Model Y by $1,168

Resale after 6 yrs

Model Y Rear-Wheel Drive −$17,016EX30 Ultra P8 ✓ −$17,255Cheaper by EX30 by $239

Total

True cost

Model Y Rear-Wheel Drive ✓ $87,737EX30 Ultra P8 $96,119Cheaper by Model Y by $8,382

True cost a month

Model Y Rear-Wheel Drive ✓ $1,219/moEX30 Ultra P8 $1,335/moCheaper by Model Y by $116

You pay each month

Model Y Rear-Wheel Drive ✓ $1,228/moEX30 Ultra P8 $1,332/moCheaper by Model Y by $104

Practical

Fuel type

Model Y Rear-Wheel Drive ElectricEX30 Ultra P8 ElectricCheaper by —

Seats

Model Y Rear-Wheel Drive 5EX30 Ultra P8 5Cheaper by —

Carry-ons, 2 people

Model Y Rear-Wheel Drive Not publishedEX30 Ultra P8 3Cheaper by —

Towing, lb

Model Y Rear-Wheel Drive —EX30 Ultra P8 2,000Cheaper by —

Cargo behind row 2, litres

Model Y Rear-Wheel Drive Not publishedEX30 Ultra P8 400Cheaper by —

Range, km (winter about 70%)

Model Y Rear-Wheel Drive ✓ 463 (324)EX30 Ultra P8 402 (281)Cheaper by —

Length

Model Y Rear-Wheel Drive —EX30 Ultra P8 4.23 mCheaper by —

Resale % after 6 yrs

Model Y Rear-Wheel Drive 34%EX30 Ultra P8 ✓ 35%Cheaper by —

US crash test

Model Y Rear-Wheel Drive ✓ 5★EX30 Ultra P8 Not rated yetCheaper by —

European crash test

Model Y Rear-Wheel Drive ✓ 5★ (2025)EX30 Ultra P8 —Cheaper by —

✓ marks the better figure. Resale is from used prices: the Model Y from its own, the EX30 typical for its type and brand. Their stickers differ by $90.