Tesla Model S vs BMW 5 Series: Running Costs UK 2026
Last updated: July 2026 · Based on current UK fuel prices
Running a Tesla Model S in the UK costs approximately 8.2p per mile on home electricity, compared to 18.4p per mile for the BMW 5 Series on petrol. At 10,000 miles per year with 80% home charging, the Tesla Model S saves approximately £690 per year in fuel costs — breaking even on the higher purchase price in around 47.8 years.
At 10,000 miles/yr · 80% home charging
+£690/yr
The Tesla Model S saves you approximately £690 per year in fuel costs.
Break-even on the higher purchase price: ~47.8 years
BMW 5 Series fuel cost
18.4p/mile
38 MPG · 153.5p/litre
Tesla Model S (home tariff)
8.2p/mile
3.2 mi/kWh · 26.1p/kWh
Annual fuel cost comparison
The table below uses real-world efficiency figures for both vehicles and current UK fuel prices. EV costs assume 80% home charging (26.1p/kWh) and 20% public rapid charging (79p/kWh).
| Miles/yr | BMW 5 Series | Tesla Model S | EV saves |
|---|---|---|---|
| 8,000 | £1,469 | £917 | +£552 |
| 10,000(avg) | £1,836 | £1,146 | +£690 |
| 12,000 | £2,204 | £1,376 | +£828 |
| 15,000 | £2,755 | £1,719 | +£1,035 |
| 20,000 | £3,673 | £2,293 | +£1,380 |
Petrol: 153.5p/litre · Home electricity: 26.1p/kWh · Public rapid: 79p/kWh
Tesla Model S cost by charging scenario
Charging behaviour has more impact on EV running costs than almost any other variable. Here's how the Tesla Model S compares at 10,000 miles per year across four scenarios:
Overnight EV tariff
£219/yr · 2.2p/mile
Standard home (80% home)
£1,146/yr · 11.5p/mile
Mixed (50% home)
£1,642/yr · 16.4p/mile
Public charging only
£2,469/yr · 24.7p/mile
Saving vs BMW 5 Series at 10,000 mi/yr and 153.5p/litre.
Key specs
Tesla Model S
Long Range
BMW 5 Series
520i
Get a personalised result for your actual mileage
The figures above use national average fuel prices. Enter your postcode to get live local prices, or adjust the MPG and efficiency for your specific trim level.
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Frequently asked questions
How much does a Tesla Model S cost to run per mile in the UK?
At a standard UK home electricity rate of 26.1p/kWh (the Ofgem price cap unit rate for July–September 2026) and a real-world efficiency of 3.2 miles/kWh, the Tesla Model S costs approximately 8.2p per mile when charging at home. On a dedicated overnight EV tariff (around 7p/kWh) this falls to just 2.2p per mile. Relying entirely on public rapid charging — which averaged 79p/kWh in mid-2026 — raises the cost to 24.7p per mile.
Is the Tesla Model S cheaper to run than the BMW 5 Series?
Yes, for most UK drivers who can charge at home. The BMW 5 Series costs approximately 18.4p per mile in petrol at current UK prices. At home on a standard tariff, the Tesla Model S costs 8.2p per mile — a saving of 10.2p per mile. At 10,000 miles per year with 80% home charging, the Tesla Model S saves around £690 per year in fuel costs.
How long to break even switching from a BMW 5 Series to a Tesla Model S?
Based on an estimated price premium of £33,000 for the Tesla Model S over the BMW 5 Series, and annual fuel savings of approximately £690 at 10,000 miles per year (80% home charging), the break-even point is around 47.8 years. Drivers covering more miles will reach break-even sooner — at 15,000 miles per year the saving is proportionally larger.
What if I can't charge the Tesla Model S at home?
Without home charging, the economics change significantly. Relying on public rapid charging — which averaged 79p/kWh in mid-2026, up sharply from a couple of years ago — puts the Tesla Model S at 24.7p per mile — higher than the BMW 5 Series at 18.4p per mile. EV running cost savings are almost entirely dependent on home charging access. Drivers without off-street parking should factor this in carefully.