1. What is EV Cost Savings Calculator?

The EV Cost Savings Calculator helps you compare the cost of using petrol versus electricity for your vehicle in Malaysia. It calculates potential savings when switching to an electric vehicle.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Petrol \) — Cost of petrol in Malaysian Ringgit (RM)
• \( Electricity \) — Electricity consumption in kilowatt-hours (kWh)
• \( Rate\ MY \) — Electricity rate in RM per kWh

Explanation: The formula subtracts the electricity cost from the petrol cost to show potential savings when using an electric vehicle.

3. Importance of EV Cost Calculation

Details: Calculating potential savings helps in making informed decisions about switching to electric vehicles and understanding the long-term cost benefits.

4. Using the Calculator

Tips: Enter your current petrol expenses, estimated electricity consumption for the same distance, and your local electricity rate. All values must be non-negative.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is this calculator?
A: The calculator provides an estimate based on your inputs. Actual savings may vary based on driving habits, electricity tariff changes, and vehicle efficiency.

Q2: Where can I find my electricity rate?
A: Check your electricity bill or TNB's website for current rates in Malaysia. Rates may vary by consumption tier.

Q3: Should I include maintenance savings?
A: This calculator only compares fuel costs. EVs typically have lower maintenance costs, which would increase your overall savings.

Q4: What if I charge at public stations?
A: Public charging rates may differ from home rates. Use the appropriate rate for your most common charging method.

Q5: Does this account for petrol price fluctuations?
A: No, it uses your input petrol cost. For long-term estimates, consider average petrol prices over time.