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    This document compares the total costs of owning an electric vehicle (EV) versus a petrol car over 20 years. It shows that while the EV has a higher initial purchase price, the total cost of ownership over 20 years is lower at $168,600 compared to $196,000 for the petrol car due to lower fuel/electricity and maintenance costs as well as no road tax for EVs. A battery replacement cost is also factored into the EV total.

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    This document compares the total costs of owning an electric vehicle (EV) versus a petrol car over 20 years. It shows that while the EV has a higher initial purchase price, the total cost of ownership over 20 years is lower at $168,600 compared to $196,000 for the petrol car due to lower fuel/electricity and maintenance costs as well as no road tax for EVs. A battery replacement cost is also factored into the EV total.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    3 views1 page

    Book 1

    Uploaded by

    revantkalra2006
    This document compares the total costs of owning an electric vehicle (EV) versus a petrol car over 20 years. It shows that while the EV has a higher initial purchase price, the total cost of ownership over 20 years is lower at $168,600 compared to $196,000 for the petrol car due to lower fuel/electricity and maintenance costs as well as no road tax for EVs. A battery replacement cost is also factored into the EV total.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Cost Components EV Petrol Car

    Purchase Price $ 40,000.00 $ 35,000.00


    ONE TIME COST $ 40,000.00 $ 35,000.00
    Insurance $ 1,600.00 $ 1,500.00
    Maintenance / Repairs $ 500.00 $ 1,000.00
    Fuel / Electricity $ 1,680.00 $ 2,100.00
    Road Tax $ - $ 150.00
    Depreciation $ 2,000.00 $ 3,000.00
    TOTAL ANNUAL COST $ 5,780.00 $ 7,750.00
    Tenure 20 years $ 115,600.00 $ 155,000.00

    Battery Replacement cost


    $ 13,000.00 $ 6,000.00
    / Working cost

    Total Cost $ 168,600.00 $ 196,000.00

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