The Cost of an EV
What you’ll pay upfront and down the line
EVs have a reputation for being pricey, but that’s changing quickly. The Clean Car Discount was designed to help offset the initial outlay, with significant rebates for people buying new and used EVs.
Over time, it will get easier – and cheaper – to buy used EVs, as more vehicles enter the market and become available.
Even if the purchase price is higher than a fossil-fuel vehicle, ongoing costs tend to be far lower – making it a worthwhile switch, even before you think about the environmental benefits.
EV cost breakdown:
Someone travelling the NZ average of 12,500km every year would spend around $500 to run an EV, compared to about $2500 to run a traditional car. Of course, costs will vary depending on the type and amount of driving you do.
- You can charge your EV while you sleep for about $3.00 per 100km, depending on the model. A fast charge can cost up to $10 for 100km and takes approximately 30 minutes.
- EVs are currently exempt from road user charges, saving as much as $1500 if you travel 20,000km a year.
- For an average daily drive, you won’t be using all your battery power, so it could cost as little as $1.00 to recharge the next night, depending on your electricity provider. That’s $15 a fortnight – or less.
- Many owners use a combination of home and public chargers, charging their cars up to 80% at a fast charging station, then topping up overnight.
- A fully electric EV has only around 20 moving parts – with no clutch or gears. This means it doesn’t need oil or grease to run, and usually needs fewer services over its lifetime.