Tesla Model Y review - Range, charging and running costs
The Tesla Model Y has a reliable range and excellent rapid charging ability, but it’ll be pricey to insure
Tesla charges around £55,000 for the Model Y Long Range and almost £65,000 for the Performance version, which means it costs an extra £12,000 to move up from a base Model 3 into Model Y ownership.
Both private and business users will benefit from lower day-to-day running costs compared to an ICE model, however, while a 1 per cent Benefit-in-Kind tax rate for the Model Y offers added appeal to company car drivers.
The Long Range version has a claimed range of 315 miles. During our own test on a mixture of roads, we managed 285 miles from a single charge, which means you should find the Model Y’s range reliable – reassuring on longer journeys.
If you do have the need to stop and top up the battery, the Model Y has a Type 2 CCS charging connection, so you can access Tesla’s network of reliable, high-voltage Superchargers, or use other EV charging points, too.
Although insurance groups have yet to be confirmed, you can expect premiums for the Model Y to be pretty hefty. The Model 3 hatchback, on which the Model Y is based, is in the top group 50, and it seems likely that the all-electric SUV will follow suit.
An Audi Q4 e-tron comes with less power and performance, but does offer the advantage of having entry models starting in insurance group 26. Even upgrading to a 295bhp Q4 e-tron in top Vorsprung trim still only raises the German model to group 39.
Our expert data predicts that the Model Y should hold onto around 54 per cent of its list price after a typical ownership period of three years and 36,000 miles covered. This means a Long Range version will be worth around £30,000 should you choose to sell your car on after the 36-month period.
All-electric rivals such as the Audi Q4 e-tron and Mercedes EQA perform similarly, while the Hyundai Ioniq 5 (our 2021 Car of the Year) is cheaper to buy and retains an average of 56 per cent of its value over three years.
In this review
- 1Tesla Model Y reviewThe Tesla Model Y is an all-electric family SUV that offers extra space and practicality over its Model 3 sibling
- 2Engines, performance and driveAll-wheel drive and blistering straightline speed will appeal to some, but the Model Y’s ride comfort isn’t the best
- 3Range, charging and running costs - currently readingThe Tesla Model Y has a reliable range and excellent rapid charging ability, but it’ll be pricey to insure
- 4Interior, design and technologyWith an exterior look and cabin design that is undeniably Tesla, the Model Y’s real strength is its first-class on-board technology
- 5Practicality, comfort and boot spaceFeaturing good storage space, plenty of room for passengers and lots of useful kit, the Model Y is ready for family life
- 6Reliability and safetyThe Model Y shares much of its tech with the Model 3 hatchback, which means the family SUV should be dependable and safe