Toyota Electric Car Australia Price Guide 2024

Toyota’s 2024 electric car lineup in Australia delivers competitive pricing, starting from just $54,990 for the bZ4X SUV. With government incentives and a growing charging network, Toyota makes EV ownership more accessible than ever, offering value-packed trims and proven reliability in the expanding Australian electric vehicle market.

Key Takeaways

• Toyota’s 2024 electric models start from AUD $65,000 in Australia, offering premium tech at a competitive price.
• bZ4X is Toyota’s flagship EV, featuring AWD options and up to 400km range on a single charge.
• Government incentives may reduce costs by up to $3,000, depending on your state and eligibility.
• Charging infrastructure is expanding, making home and public charging more accessible across major cities.
• Resale value remains strong due to Toyota’s reputation for reliability and low maintenance costs.
• Test drive before buying to compare ride quality, tech features, and comfort across trims.

Toyota Electric Car Australia Price Guide 2024

So, you’re thinking about going electric—welcome to the club! With fuel prices doing their best impression of a rollercoaster and climate change becoming harder to ignore, more Australians are making the switch to electric vehicles (EVs). And when it comes to reliability, resale value, and brand trust, Toyota has long been a household name. But here’s the big question on everyone’s mind: What’s the real cost of a Toyota electric car in Australia in 2024?

Let’s be honest—electric cars still carry a bit of a premium compared to their petrol-powered cousins. But that gap is shrinking fast, and Toyota is stepping up its EV game in a big way. Whether you’re eyeing the sleek bZ4X SUV or waiting for the next-gen models, understanding the pricing landscape is key. In this guide, we’ll break down everything you need to know about Toyota electric car prices in Australia—no jargon, no fluff, just real talk from someone who’s done the research (and maybe even test-driven a few).

We’ll cover current models, upcoming releases, government incentives, running costs, and even some insider tips to help you get the best deal. By the end, you’ll have a clear picture of whether a Toyota EV fits your budget—and your lifestyle.

Why Toyota Is Betting Big on Electric in Australia

Toyota might’ve been a little slow off the mark with full battery-electric vehicles (BEVs), but don’t mistake caution for disinterest. The Japanese giant has been quietly building its EV strategy for years, and 2024 is shaping up to be a turning point. With global commitments to carbon neutrality and increasing pressure from competitors like Tesla, Hyundai, and BYD, Toyota is finally bringing its engineering prowess to the electric space.

A Shift in Strategy

For decades, Toyota led the hybrid revolution with the Prius—but full EVs? Not so much. That’s changing fast. The company now plans to launch 30 new battery-electric models globally by 2030, with Australia set to get a fair share. Why the sudden push? Simple: customer demand and regulatory pressure. Australian states like Victoria and NSW are rolling out EV-friendly policies, and buyers are responding.

Local Market Realities

Australia’s EV market is still growing, but it’s no longer niche. In 2023, EVs made up over 8% of new car sales—a record high. Toyota knows it can’t afford to sit this one out. Plus, with rising fuel costs and growing environmental awareness, Aussie drivers are more open than ever to going electric. Toyota’s reputation for durability and low running costs gives it a unique edge in this space.

What This Means for Buyers

If you’re shopping for a Toyota EV in 2024, you’re not just buying a car—you’re investing in a brand that’s serious about the future. While Toyota’s current EV lineup is limited, the pipeline is strong. And with competitive pricing and strong dealer support across Australia, now might be the perfect time to jump in.

Current Toyota Electric Car Models and Their Prices

As of mid-2024, Toyota offers one fully electric model in Australia: the Toyota bZ4X. It’s a compact SUV designed specifically for the electric era, and it’s available in two main variants. Let’s break down what you get—and what you pay.

Toyota bZ4X: The Only Game in Town (For Now)

The bZ4X is Toyota’s first global battery-electric vehicle, built on the brand-new e-TNGA platform. It’s stylish, practical, and packed with tech. But how much does it cost?

• Toyota bZ4X GX (Front-Wheel Drive): Starting at $66,000 drive-away
• Toyota bZ4X GXL (All-Wheel Drive): Starting at $74,000 drive-away

These prices include on-road costs and are based on manufacturer recommendations as of June 2024. Keep in mind that actual drive-away prices can vary slightly depending on your state, dealer, and any current promotions.

What You Get for Your Money

The GX model comes well-equipped with:
– 71.4 kWh lithium-ion battery
– Up to 485 km WLTP range (real-world driving typically yields 350–400 km)
– 150 kW electric motor (FWD)
– 12.3-inch infotainment screen with wireless Apple CarPlay and Android Auto
– Toyota Safety Sense 3.0 (adaptive cruise, lane keep assist, AEB, etc.)
– Heated front seats, dual-zone climate control, and a sunroof

The GXL AWD adds:
– Dual motors (80 kW front, 80 kW rear) for all-wheel drive
– Slightly reduced range (around 415 km WLTP)
– Premium interior materials, heated rear seats, and a powered tailgate
– Enhanced off-road modes and X-MODE traction control

Both models support DC fast charging up to 150 kW, meaning you can go from 10% to 80% charge in about 30 minutes at a compatible charger.

How It Stacks Up Against the Competition

At $66K, the bZ4X GX sits squarely between rivals like the Hyundai Ioniq 5 (from $71,000) and the MG ZS EV (from $44,000). It’s pricier than budget options but offers Toyota’s legendary reliability and resale value. Compared to the Tesla Model Y (from $69,000), the bZ4X has less range and slower acceleration—but it’s more affordable and comes with a full warranty and local service network.

Upcoming Toyota Electric Cars in Australia (2024–2025)

Good news: the bZ4X won’t be alone for long. Toyota has several new electric models in the pipeline, and some could arrive in Australian showrooms before the end of 2024.

Toyota bZ3: The Electric Sedan

Originally launched in China, the bZ3 is a sleek electric sedan developed in partnership with BYD. It’s expected to hit Australian shores in late 2024, with pricing estimated between $55,000 and $62,000 drive-away. With a range of up to 500 km and a minimalist interior, it could be a game-changer for city commuters.

Toyota Urban SUV Concept

Toyota unveiled this compact electric SUV at the 2023 Munich Motor Show, and it’s rumored to be production-ready by 2025. Designed for urban environments, it could slot in below the bZ4X with a starting price around $50,000. Think of it as the electric Yaris—practical, efficient, and affordable.

Luxury and Performance: The Lexus Factor

Don’t forget that Toyota owns Lexus, which is already selling electric models like the UX 300e and upcoming RZ 450e. While these are premium-priced (from $85,000+), they show Toyota’s commitment to high-end EVs. Expect more cross-pollination of tech and platforms in the coming years.

What to Watch For

Keep an eye on Toyota’s “bZ” (Beyond Zero) lineup—future models could include a pickup truck, a seven-seater SUV, and even a sports car. With battery costs falling and charging infrastructure improving, Toyota is positioning itself for a full EV future.

Government Incentives and Savings for Toyota EV Buyers

One of the biggest myths about electric cars? That they’re only for the wealthy. The truth is, there are more ways than ever to save when buying a Toyota EV in Australia—thanks to federal and state incentives.

State-Based Rebates and Exemptions

Several Australian states offer financial incentives for EV buyers:

• New South Wales: $3,000 rebate for new EVs under $68,750 (including the bZ4X GX). Stamp duty waived.
• Victoria: $3,000 rebate for EVs under $68,750. Stamp duty reduced.
• Queensland: $3,000 rebate for EVs under $58,000 (note: bZ4X GX is slightly above this threshold).
• ACT: Up to $15,000 interest-free loan for EVs, plus stamp duty exemption.
• South Australia: $3,000 rebate for EVs under $68,750.

These rebates can significantly reduce the upfront cost. For example, in NSW or Victoria, the effective price of the bZ4X GX drops to around $63,000—making it much more competitive.

Stamp Duty and Registration Savings

Many states also offer reduced or waived stamp duty on EVs. In NSW and Victoria, you’ll pay $0 stamp duty on eligible models. Registration fees are often lower too, saving you hundreds over the life of the vehicle.

Federal Tax Benefits

The Australian government’s Fringe Benefits Tax (FBT) exemption for eligible EVs is a huge win for businesses and salary-packaging employees. If your employer offers novated leasing, you could save thousands in tax by driving a Toyota EV. The bZ4X qualifies, making it a smart choice for corporate fleets.

Charging at Home: The Hidden Savings

While not a direct rebate, installing a home charger can save you money in the long run. Many energy providers offer off-peak charging rates as low as 10 cents per kWh. That means a full charge for the bZ4X could cost less than $8—compared to $30+ for a tank of petrol.

Running Costs: How Much Does It Really Cost to Own a Toyota EV?

Let’s talk about the long game. Sure, the upfront price matters—but what about day-to-day costs? Spoiler: owning a Toyota EV is often cheaper than you think.

Fuel vs. Electricity: The Big Savings

Electricity is significantly cheaper than petrol. Based on average Australian electricity rates (around 25 cents/kWh) and petrol at $2.20/L:

• Driving 15,000 km/year in a petrol SUV costs roughly $2,700 in fuel.
• The same distance in a bZ4X costs about $600 in electricity.

That’s a saving of over $2,000 per year—money that could go toward your next holiday or home upgrade.

Maintenance: Fewer Moving Parts, Fewer Problems

EVs have no engine oil, spark plugs, or exhaust systems. That means fewer services and lower costs. Toyota estimates annual maintenance for the bZ4X at around $300–$400—less than half the cost of a comparable petrol SUV.

Depreciation and Resale Value

This is where Toyota shines. Even in the EV space, Toyota’s reputation for reliability helps hold resale value. Early data suggests the bZ4X retains around 60–65% of its value after three years—better than many competitors.

Insurance and Warranty

Insurance for the bZ4X is comparable to other premium SUVs (around $1,500–$2,000/year). Toyota also offers a 5-year unlimited-kilometre warranty and an 8-year/160,000 km battery warranty—giving you peace of mind.

Toyota Electric Car Price Comparison Table (2024)

Model	Drive Type	Starting Price (Drive-Away)	Range (WLTP)	Key Features
Toyota bZ4X GX	Front-Wheel Drive	$66,000	485 km	12.3″ screen, Toyota Safety Sense 3.0, heated seats
Toyota bZ4X GXL	All-Wheel Drive	$74,000	415 km	Dual motors, premium interior, X-MODE, powered tailgate
Hyundai Ioniq 5 (for comparison)	RWD/AWD	$71,000	451–480 km	Ultra-fast charging, vehicle-to-load, futuristic design
MG ZS EV (for comparison)	Front-Wheel Drive	$44,000	320 km	Budget-friendly, basic tech, shorter range

Tips for Getting the Best Deal on a Toyota Electric Car

Ready to make the switch? Here are some practical tips to help you save money and avoid common pitfalls.

1. Time Your Purchase

Dealers often have end-of-financial-year or end-of-calendar-year sales. June and December are great times to negotiate. Also, watch for Toyota’s national promotions—they occasionally offer free servicing or accessory packages.

2. Negotiate the Drive-Away Price

Don’t just focus on the sticker price. Ask for a full drive-away quote that includes registration, CTP, and delivery. Some dealers may throw in free home charger installation or discounted servicing.

3. Consider a Demo or Pre-Owned Model

Toyota occasionally offers discounted demo models with low kilometres. These can save you $5,000–$8,000 off the new car price and still come with full warranty coverage.

4. Use State Rebates Wisely

Make sure your dealer applies for the rebate on your behalf—some forget! Also, check if you qualify for additional incentives like free public charging (available in some councils).

5. Plan Your Charging Setup

Before you buy, assess your home charging options. A wallbox charger costs $1,500–$2,500 installed, but it’s worth it for convenience and faster charging. Some energy retailers offer rebates on home chargers—check with your provider.

Final Thoughts: Is a Toyota Electric Car Worth It in 2024?

So, is a Toyota electric car worth the price in Australia right now? The short answer: Yes—especially if you’re looking for reliability, low running costs, and long-term value.

The bZ4X isn’t the cheapest EV on the market, nor is it the fastest or longest-range. But it brings Toyota’s legendary build quality, safety, and dealer support to the electric space. With government incentives, lower fuel and maintenance costs, and a growing charging network, the total cost of ownership is increasingly attractive.

And with more models on the way—like the bZ3 and Urban SUV—Toyota is clearly committed to making electric driving accessible to everyday Australians. Whether you’re a family looking for a practical SUV or a commuter wanting to cut fuel bills, there’s never been a better time to go electric with Toyota.

So go ahead—take a test drive. Chat to your local dealer. Do the math. You might just find that the future of driving is not only cleaner and quieter… but more affordable than you thought.

Frequently Asked Questions

What is the starting price of a Toyota electric car in Australia in 2024?

The 2024 Toyota bZ4X, Toyota’s first all-electric SUV in Australia, starts at around $66,000 AUD before on-road costs. Pricing varies depending on trim levels and optional features.

Are there any government rebates for Toyota electric cars in Australia?

Yes, Australian buyers may qualify for state-based EV incentives, such as stamp duty exemptions or rebates (e.g., up to $3,000 in NSW or $4,000 in Victoria). These can significantly reduce the effective Toyota electric car Australia price.

Which Toyota electric car models are available in Australia this year?

As of 2024, the Toyota bZ4X is the sole fully electric model available, offered in two variants: front-wheel drive and all-wheel drive. More models are expected in the coming years.

How does the Toyota bZ4X compare in price to other EVs in Australia?

The bZ4X is competitively priced among mid-size electric SUVs, sitting between the Tesla Model Y and Hyundai Ioniq 5. Its Toyota electric car Australia price offers strong value given its safety features and warranty.

Is the Toyota electric car Australia price inclusive of on-road costs?

No, the listed prices are drive-away estimates and typically exclude registration, stamp duty, and dealer delivery fees. Final on-road costs vary by state and dealership.

Does Toyota offer financing or lease options for its electric cars in Australia?

Yes, Toyota Finance Australia provides tailored EV loan and lease packages, including low-rate options and novated leasing for salary packaging. These can make the Toyota electric car more affordable upfront.