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EV vs Petrol Calculator

Compare electric vehicle (EV) charging costs against gas/petrol fuel costs to calculate annual and multi-year net savings.

Driving & Rate Parameters

dist
eff
$
kWh
$
yrs
📊Total Multi-Year EV Savings
$5,475
Annual EV Savings
$1,095
Annual Petrol Cost
$1,500
Annual EV Charging Cost
$405
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In Brief

Driving 15,000 km/yr in an EV costs $405/yr in electricity versus $1,500/yr for a petrol car, saving $1,095 annually ($5,475 total over 5 years).

Annual Fuel & Energy Cost Comparison

Gasoline/Petrol fuel vs EV charging cost

Interactive
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User Insights

Smart analysis of your current calculation

73.0% Fuel Cost Reduction Interest Ratio
Cost Assessment
High EV Fuel Efficiency Advantage

Interest represents 73.0% Fuel Cost Reduction of your total out-of-pocket repayment.

Payoff Acceleration
Prepayment Savings Available

Adding an extra monthly contribution accelerates principal payoff and cuts total financing costs.

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Strategic Takeaway

Switching to an EV reduces annual energy expenses by 73.0%. Home off-peak charging yields maximum cost savings.

Electric Vehicle Cost Dynamics

Electric motors convert over 75% of electrical energy into motion, compared to less than 30% thermal efficiency in internal combustion engine (ICE) petrol vehicles.

Frequently Asked Questions

Is driving an EV cheaper than a gas car?
Yes, electricity per mile or kilometer is typically 60% to 75% cheaper than petrol/gasoline under standard residential charging rates.
How long does it take for EV fuel savings to offset higher purchase price?
Depending on annual mileage and local electricity vs fuel prices, EV fuel savings usually offset a $5,000-$10,000 price premium in 3 to 5 years.