EV Monthly Budget Calculator
The true monthly cost of an EV: loan, insurance, charging, maintenance and tires. Build a realistic budget and check it against your income.
1. Financing
2. Running costs
Total monthly cost
Loan payment
Charging / month
Budget verdict
Monthly breakdown
Depreciation excluded — see the Depreciation calculator for that, and the Savings calculator for the petrol comparison.
Frequently asked questions
How much does an EV cost per month?
Total monthly EV cost including payment, insurance, charging, maintenance and depreciation typically runs $250-600 depending on the car and loan.
What is the biggest monthly EV cost?
The loan payment, followed by depreciation and insurance. Charging is usually the smallest line item — often under $50/month for home charging.
Is an EV monthly cost lower than a petrol car?
Often yes once running costs are included. The payment may be higher, but charging + maintenance savings of $150-300/month offset it.
How do I build an EV budget?
Total the loan, insurance, charging, maintenance, tires and registration. Aim to keep the full car cost under 15-20% of your gross income.