EV Savings & Break-Even Calculator
The EV costs more upfront but saves every year. Find out your monthly fuel savings, 5-year total, and exactly when the higher price pays for itself.
Fuel savings / year
Total savings 5 years
Total savings 10 years
Break-even
Cumulative savings over time
Frequently asked questions
How much money does an EV save over 5 years?
A typical EV saves $5,000-10,000 over 5 years versus petrol: $1,500-3,000/year on fuel, plus $1,500-2,500 on maintenance. High-mileage drivers save even more.
When do EV savings cover the higher purchase price?
The break-even point usually arrives at 30,000-60,000 km — about 2-4 years for an average driver. After that, every kilometer is money saved.
Do I save money if I charge only at public fast chargers?
Less, but usually still some. Public fast charging costs 2-4x home rates, which can erase 30-50% of the savings. Home charging is key to maximizing EV savings.
What if electricity prices are very high?
If your electricity costs more than $0.30/kWh and you rely on public chargers, savings shrink. Check your actual tariff — most homeowners still save significantly.