Better for the planet – and your wallet
Just like mobile phones, computers and other cutting-edge tech, electric vehicles are becoming more efficient and affordable.
Perhaps the most obvious way electric vehicles can save you money is by lowering how often you need to go to the petrol station – or eliminating it. While your exact savings will vary based on petrol and energy prices, you can use this calculator to estimate how much you could save.
For example, let’s say you wanted to travel 100km. The average EV will generally require about 15kwH of power to charge the battery enough to cover that distance. And with an electricity reference price of about $23c/kWh across most Victorian energy distributors as of October 2022, that comes out to about $3.45.
Compare that with the most recent Australian Bureau of Statistics report that says Australians use an average of 11.1 litres of petrol to cover 100km. With petrol costing an average of 183.2/litre in October 2022 according to the Australian Institute of Petroleum, you’d have to spend around $20.33 to drive your 100km. That’s quite a bit of potential savings through electric.
Another way your new EV can help your wallet is by requiring fewer trips to the mechanic. Electric vehicles have fewer internal components than petrol-fuelled vehicles, meaning fewer bits and pieces malfunctioning or needing replacing.