When it comes to purchasing a new car, it’s important to not only consider the purchase price but the running costs too. When you take into account fuel, servicing and other running costs \u2013 EVs are a pretty compelling option.<\/p>\n\n\n\n
When considering an electric vehicle (EV), many find it difficult to get past the sticker shock from the higher up-front cost compared to an equivalent petrol car.<\/p>\n\n\n\n
The Future Energy Report told us that just 11% of Australians would be extremely or very likely to buy an EV if they were to buy a car tomorrow, a figure that was far higher among 18-34-year-olds (19%) than it was among over-55s (4%). More than half (55%) said they\u2019d be most motivated to purchase an EV to save money on fuel. But 72% said the main barrier to purchase was price.<\/p>\n\n\n\n
Of course, EVs and petrol cars aren\u2019t equal. EVs provide a superior driving experience with immediate power, silent travel and typically more modern (even futuristic) features. Outside the driving experience, however, there\u2019s one other major difference between internal combustion engine (ICE) cars and EVs. The wildly different post-purchase running costs make petrol cars look a lot pricier.<\/p>\n\n\n\n
Once you\u2019ve spent the money on the purchase of the car, the running costs for EVs, according to various pieces of research, can be 70% lower<\/a> than petrol cars.<\/p>\n\n\n\n That includes maintenance as well as fuel costs, which of course means electricity for charging the EV\u2019s battery.<\/p>\n\n\n\n