EV ownership guide: Charging tips, cost comparisons and finance options
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Charging your EV | Charging cost | EVs vs Petrol vehicles | Financing your EV
Electric vehicles (EVs) are becoming more popular across Australia and for good reason. They’re quiet, efficient and often cheaper to run than petrol cars. But owning an EV comes with its own set of considerations. This guide covers how to charge your EV, how costs compare to traditional vehicles and what to know about financing your purchase.
Charging your EV
Charging is one of the biggest differences between owning an EV and a petrol car. Understanding your options can help you plan ahead and avoid range anxiety.
Home charging
Public charging
Charging costs
Charging at home is usually cheaper than filling up with petrol — especially if you charge overnight on off-peak tariffs. Public charging costs vary depending on the provider and charger type. Some are free, while others charge per kWh or a flat fee.
Check out this nationwide charger map to see what’s available around you or on your next road trip.
Cost comparisons with petrol vehicles
EVs can offer long-term savings, but it’s important to look at the full picture. Here's a general comparison based on data from CHOICE and Transport for NSW:
| Cost category | Petrol car | Electric vehicle |
|---|---|---|
| Fuel or charging | $11,755 over 10 years1 (Toyota Corolla SX) | $5,005 over 10 years1 (MG ZS EV) |
| Servicing | Regular oil changes, filters | Fewer moving parts, lower costs2 |
| Registration | Standard rates | Discounts may apply in some states2 |
| Insurance | Similar, but may vary by model | Similar, but may vary by model |
| Depreciation | Moderate to high | Improving as EVs become mainstream |
Key takeaway
Financing your EV
EVs can be financed just like any other car, but there are a few things to keep in mind.
Loan types
Eligibility
Incentives and rebates
Pre-approval
Is an EV right for you?
Sources:
1 Choice.com.au. EVs vs petrol cars: compare the costs over 10 years.
2 Transport for NSW: Total cost of ownership
Contributor | Andrew Gamble, Head of Sales - Asset Finance
Andrew brings more than 20 years of experience in the finance industry. His strategic vision, leadership and his customer centric approach has contributed to the significant growth of Pepper Money's Asset Finance business. Read more.
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