🚗 EV vs Petrol Savings Calculator

Understanding EV Cost Efficiency

Electric Vehicles (EVs) have significantly higher “fuel” efficiency than Internal Combustion Engine (ICE) cars. An electric motor converts over 75% of electrical energy from the grid to power at the wheels, whereas a conventional gas engine only converts about 20% of the energy stored in gasoline.

The ROI Factor: While EVs often carry a higher upfront purchase price, the gap between expensive fossil fuels and relatively cheap residential electricity (especially when combined with home Solar setups) means the long-term running costs yield massive savings, often paying off the “EV premium” within the first 3 to 5 years.