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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.- 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.