1. What is EV Cost Savings?

The EV Cost Savings calculator compares the fuel costs of traditional petrol vehicles with the electricity costs of electric vehicles in the Australian context, showing potential annual savings.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Petrol \) — Cost of petrol per liter in AUD
• \( Electricity \) — Cost of electricity per kWh in AUD
• \( Distance \) — Annual distance traveled in kilometers

Explanation: The equation calculates the difference between annual fuel costs for a petrol vehicle and charging costs for an electric vehicle.

3. Importance of EV Savings Calculation

Details: Understanding potential savings helps consumers make informed decisions about transitioning to electric vehicles and evaluating long-term cost benefits.

4. Using the Calculator

Tips: Enter current petrol prices, your electricity rate (check your bill), and your typical annual driving distance. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Are maintenance costs included?
A: No, this calculator only compares fuel costs. EVs typically have lower maintenance costs which would increase savings.

Q2: What's the average electricity rate in Australia?
A: Rates vary by state and provider, but typically range from $0.20 to $0.35 per kWh.

Q3: How accurate are these estimates?
A: Estimates are based on input values. Actual savings may vary based on driving habits, vehicle efficiency, and electricity tariffs.

Q4: Should I consider off-peak charging?
A: Yes, many electricity providers offer lower rates for off-peak charging which can significantly increase savings.

Q5: What about solar power?
A: If you have solar panels, your effective electricity cost may be lower, increasing potential savings.