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Discover the most afforable EVs to own according to RACV’s annual Car Running Costs Survey, which highlights the cheapest electric cars to own and run in 2022.
Demand for electric (EVs) and plug-in hybrid electric vehicles (PHEVs) is powering up in Australia, and with a surge of new electric-powered brands and models hitting the market, it’s never been cheaper – or easier – to make the switch to a lower-emissions car.
Though EVs only account for about 2.7 per cent of annual new car sales in Australia, they are one of the fastest-growing segments. The latest figures from the Federal Chamber of Automotive Industries (FCAI), the peak body for Australia’s automotive industry, shows that EVs accounted for a record 7.7 per cent of all new car sales in September.
To help you find the most affordable EV option for your family, RACV’s annual Car Running Costs Survey has compared 10 of the country’s top-selling models to find out which is the cheapest to own and run.
This year ranks the Hyundai Ioniq 5, Hyundai Kona Elite EV, Kia EV6 Air, Kia Niro EV, Mazda MX-30 FWD E35 Astina, MG HS 1.5 Turbo Excite PHEV, MG ZS, Mitsubishi Eclipse Cross, Nissan Leaf EV and Tesla Model 3 based on purchase price, fuel/charging costs and on-road expenses.
When it comes to the average monthly servicing cost, electric cars were found to be the cheapest segment across the 2022 survey - accounting for just two per cent of the total monthly out-of-pocket expenses, compared to a survey average of three per cent.
Perhaps unsurprisingly, EVs are the cheapest to power, with fuel and charging costs accounting for just six per cent of the total monthly spend - well below the survey average of 13 per cent.
If you buy an electric car, you’re up for an average monthly cost of $1,565.73.