The Cost of an EV
Up front and down the line
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
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 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?
An EV doesn’t have a clutch or gears to service.