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!

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.

Purchase priceThe ultimate cash price after all dealer rebates and dealer delivery charges
Duties and taxesStamp duty, Luxury car tax, registration charges, CTP insurance
SubsidiesAny government subsidies provided
Running costsMaintenance costs, Third Party insurance, fuel
Pre-sale make-good costsCosts of vehicle improvements prior to resale
Residual valueThe depreciated price for which a vehicle is sold at the end of ownership period
Finance costsAny operating or finance lease
Holding periodThe time between the purchase and sale of a vehicle
Accident management feeCost of roadside assistance and management of repairs process

*The information provided in the total cost calculator is to be used as a consumer guide only. Transport for NSW recommend consumers validate vehicle information with official vendors and suppliers.


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