Read our new Electric Homes and Vehicles report
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To compare the running costs of EVs vs. petrol cars in a way that is accessible for everyday folks, we created an “equivalent fuel price” for EVs, in $/L, by taking into account the energy consumption and electric : petrol motor efficiency ratios. This allows for an apples-to-apples comparison against traditional fuel pump prices. Here's how we did it.
Every time the price of petrol shoots up, we see the same kind of advice: ‘Fill up now before it gets even higher’; ‘Shop around for cheaper fuel’; ‘Use your 6c off a litre coupons; ‘Change the way you drive and stretch your tank’. We’re mostly short-term creatures so these are all pretty normal responses to a price shock, but if you're looking to save money on fuel the best advice is to think longer term and remove yourself from the volatility of imported energy entirely.
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