Most comparisons focus on charging versus fuel. But owning a car also means servicing, tyres, insurance and more. Here is how these costs tend to look for an EV.
Servicing
Electric motors have far fewer moving parts than engines. There are no engine oil changes, spark plugs, fuel filters or clutches. Service visits usually cover brakes, suspension, coolant, cabin filters, software and a battery health check. Over time, servicing is generally cheaper than for a comparable petrol or diesel car.
Brakes
Regenerative braking slows the car using the motor, so brake pads often last much longer. Brakes still need regular checks, especially if they are used less and can corrode.
Tyres
EVs are often heavier and deliver strong torque from a standstill, which can wear tyres faster. Smooth acceleration, correct tyre pressure and regular rotation help. Some EVs use tyres designed for low rolling resistance, which helps range.
Insurance
Premiums depend on the car's value, location, cover and insurer. Because EVs can cost more to buy, premiums may be higher. Check whether your policy covers the battery, the charging cable and home charger, and roadside assistance.
The battery
The battery is the most expensive part. Most are covered by a long warranty for a set number of years or kilometres. Good charging habits help it last. See habits that protect your battery.
Other costs to consider
- A home charger and installation. See home charger installation.
- Registration and road tax, which may be reduced for EVs in some states.
- Resale value, which depends on battery health and model demand.
The overall picture
EVs usually cost more to buy but less to run, mainly through cheaper energy and servicing. The more you drive, the faster the savings add up. See charging cost vs petrol per km.
Costs vary by model, state and insurer. Get quotes for your specific car before deciding.