Australia’s cheapest electric cars for 2020, revealed
Driving Your Dollars survey reveals what it costs to own and run an electric car in 2020.
The idea of owning a battery-electric or plug-in hybrid electric vehicle is growing on Australians. Charging times, charging infrastructure and driving range remain concerns for motorists, but sales data shows more Aussies are making the switch from a petrol or diesel car to an electrified offering.
The ongoing running costs of a battery electric vehicle (EV) are generally lower than an internal combustion engine (ICE) vehicle as they have fewer moving parts and require less servicing, but the purchase price of EVs remains significantly higher than a petrol or diesel equivalent. A new state government charge of 2.5 cents per kilometre driven for electric and other zero-emission vehicles and 2 cents per kilometre for plug-in hybrids, to come into effect in 2021, will lift running costs for EVs.
RACV’s Driving Your Dollars survey, which analysed 79 of Australia's top-selling vehicles, taking into account purchase price, loan repayments, fuel, servicing, tyres and on-road costs such as insurance, registration and auto-club membership, averaged over five-years, found that the average monthly cost of owning and running an EV or plug-in hybrid electric vehicle (PHEV) is $1383.89, or slightly more than the monthly cost of a people-mover at $1364.58.