CalculationTime

EV vs Petrol Running Cost Calculator

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Your numbers, formula and explanation together

EV vs Petrol Running Cost Calculator: $1,794.00/year. Petrol $2,550.00/year; EV $756.00/year; EV premium payback 2.8 years.

Formula applied

The exact method behind this answer

CalculationTime keeps the method visible so the number can be checked instead of blindly trusted.

Petrol annual cost = annual km / 100 x L/100km x fuel price. EV annual cost = annual km / 100 x kWh/100km x electricity price. Saving = petrol cost - EV cost. Payback = EV premium / annual saving.
  1. Apply the formulaPetrol annual cost = annual km / 100 x L/100km x fuel price. EV annual cost = annual km / 100 x kWh/100km x electricity price. Saving = petrol cost - EV cost. Payback = EV premium / annual saving.$1,794.00/yearPetrol $2,550.00/year; EV $756.00/year; EV premium payback 2.8 years.

Your live breakdown

Current inputs in the calculation

These values come from the controls above and update when the calculator changes.

Annual distance
15,000 km
Petrol use
8.5 L/100km
Fuel price
2 $/L
EV energy use
18 kWh/100km
Electricity price
0.28 $/kWh
EV premium over petrol equivalent
5,000 $

Resulting answer

$1,794.00/year

Petrol $2,550.00/year; EV $756.00/year; EV premium payback 2.8 years.

Answer
$1,794.00/year
Live support
Petrol $2,550.00/year; EV $756.00/year; EV premium payback 2.8 years.

Assumptions used

What this answer assumes

The visible assumptions define the boundary of this calculation.

  • This calculator is for planning and education, not legal, tax, medical, immigration, engineering or financial advice.
  • Use current official rates, contracts, carrier terms, statutes or professional guidance before relying on the result.
  • The default values are examples. Replace them with the figures from the job, invoice, contract, bill, service or record being checked.

Master’s Tip

How to use the result well

Professional note: print the input values, formula, result and date together so the calculation can be reviewed later.

Printable record

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Save the inputs, result, formula, assumptions, page URL and date together so the calculation can be reviewed later.

Annual distance
15,000 km
Petrol use
8.5 L/100km
Fuel price
2 $/L
EV energy use
18 kWh/100km

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Formula

Petrol annual cost = annual km / 100 x L/100km x fuel price. EV annual cost = annual km / 100 x kWh/100km x electricity price. Saving = petrol cost - EV cost. Payback = EV premium / annual saving.

Worked example

At 15,000 km, 8.5 L/100km and $2/L, petrol costs $2,550/year. At 18 kWh/100km and $0.28/kWh, EV electricity costs $756/year.

Professional note

Professional note: print the input values, formula, result and date together so the calculation can be reviewed later.

Regional and unit assumptions

Basis: transparent planning arithmetic using the visible inputs and assumptions on this page.

Assumptions and limitations

Methodology & Accuracy

How this calculator is checked

CalculationTime pages are built around visible arithmetic: the formula, assumptions, worked example and practical limitations are shown so the result can be checked rather than simply trusted.

Formula used

Petrol annual cost = annual km / 100 x L/100km x fuel price. EV annual cost = annual km / 100 x kWh/100km x electricity price. Saving = petrol cost - EV cost. Payback = EV premium / annual saving.

Standard or basis

Basis: transparent planning arithmetic using the visible inputs and assumptions on this page.

Where a calculator follows a named legal, trade or industry standard, that standard is cited visibly. Otherwise the page uses transparent general arithmetic and states its limits.

Master's Tip

Professional note: print the input values, formula, result and date together so the calculation can be reviewed later.

Questions

What is the EV vs Petrol Running Cost Calculator?

This EV running cost calculator compares petrol fuel spend against electricity spend for the same annual kilometres.

Can I rely on this as professional advice?

No. Use it as a transparent planning estimate, then verify the current rule, rate, contract or official source for the decision you are making.