The Cost of an EV
Up front and down the line
Even though EVs can be more expensive to buy, they’re far cheaper to run and maintain than petrol cars.
Click here to compare EVs Total Cost of Ownership to fossil fuel powered vehicles.
Someone travelling the NZ average of 12,500km every year would spend about $2500. If they were driving an electric car they’d pay only about $500. That’s a significant windfall for the household budget.
What it will cost you to run your EV depends on:
- The cost of electricity (a ChargeNet site costs about 25c per minute plus 25c per kWh, or stay home and charge all night for $1)
- The amount of driving you do
- The kind of driving you do – hills, fast motorways, ambling country lanes?
Case StudiesThere are plenty of New Zealanders who own – and love – their EVs. Here are a few of their stories.
The Cost of Power
If you drive an average of 25-30km a day (like most Kiwis), the cost of charging an EV is equivalent to paying 30c per litre for petrol.
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 about 20 minutes.
For an average daily drive you won’t be using all your battery power, so it could cost $1.00 to recharge the next night. That’s $15 a fortnight – or less.
Then there's maintenance
A fully electric EV has only around 20 moving parts. It doesn’t need oil or grease, and it hardly ever needs servicing.
A vehicle with an equivalent combustion engine (one powered by fossil fuel) has approximately 2,000 moving parts, all of which need oil and/or regular servicing.
What about gears?
A vehicle with an internal combustion engine (ICE) is far more complex. It has a clutch and gears, plus special oil if the system is automatic. It needs regular servicing.
An EV doesn’t have a clutch or gears to service.