Total cost of ownership
While EVs can be more expensive to purchase than their equivalent petrol and diesel vehicle, they are cheaper to run.
If you look at the total cost of ownership, EVs can be a more cost-effective option.
Use the below total cost of ownership calculator to see how you can save money by owning an EV!
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Total cost of ownership calculator
Determining the TCO for a particular vehicle involves understanding the cash flow impact of ownership over a defined timeframe. There are several inputs into a TCO calculation as outlined in the following table.
| Input | Description |
|---|---|
| Purchase price | The ultimate cash price after all dealer rebates and dealer delivery charges |
| Duties and taxes | Stamp duty, Luxury car tax, registration charges, CTP insurance |
| Subsidies | Any government subsidies provided |
| Running costs | Maintenance costs, Third Party insurance, fuel |
| Pre-sale make-good costs | Costs of vehicle improvements prior to resale |
| Residual value | The depreciated price for which a vehicle is sold at the end of ownership period |
| Finance costs | Any operating or finance lease |
| Holding period | The time between the purchase and sale of a vehicle |
| Accident management fee | Cost of roadside assistance and management of repairs process |
More information:
Available electric vehicles
View all of the battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEV) currently available in Australia
What electric vehicle is right for me?
View the different types of electric vehicles available on the market today