With the recent advancement of electric vehicles (EVs), the time has finally come for us to begin switching from the now “old-fashioned” internal combustion engines (ICE) to the battery-operated ones. While you are looking at a new car you probably have considered whether or not you should get a fully electric vehicle. In this article, we discuss on whether or not you should as this depends on your lifestyle and the current infrastructure that supports electric vehicles. Potential cost savings switching from petrol to electric. The fuel efficiency of modern-day petrol vehicles is about on average 15km/l which would cost about $2.18 after discount at the time of writing. Whereas electric vehicles have a of about 6km/kWh which would cost approximately $0.50 per kWh at fast charging speeds. Duration Charging Costs Petrol Costs Net Savings 1 year $1,458 $2,543 $1085 5 year $7,291 $12,717 $5,425 10 year $14,580 $25,433 $10,850 (using an the average of 17,500km travelled a year, RON 95 at $2.18 after discount) You can see that you save $1085 a year just by making the switch. While that may not seem a lot, these savings can be used on costs that may be “hidden” when owning a […]