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Electric Vehicles (EVs) and Petrol / Diesel vehicles are forms of transportation with different ownership costs. EVs use electricity for charging, while petrol and diesel vehicles use fuel. The total cost of ownership depends on the vehicle price, running costs, maintenance, insurance, resale value, and other expenses.
Use the EZTax EV vs Petrol / Diesel Ownership Cost Calculator to calculate the total ownership cost, compare potential savings, and identify the most cost-effective vehicle option after considering all major expenses.
An EV vs Petrol / Diesel Ownership Cost Calculator helps you compare the total cost of owning an electric vehicle with a petrol or diesel vehicle over a selected ownership period.
The calculator considers vehicle price, electricity or fuel costs, annual driving distance, maintenance, insurance, and resale value to estimate the total ownership cost.
The most economical option depends on the vehicle price, annual driving distance, electricity and fuel prices, maintenance, insurance, resale value, and ownership period.
Yes. The calculator compares the estimated ownership costs of an EV and a petrol or diesel vehicle to help you estimate potential savings over your selected ownership period.
The total cost may include the vehicle's on-road price, electricity or fuel expenses, maintenance, insurance, charger installation, battery replacement, and resale value, depending on the inputs provided.
EV charging loss refers to the electricity lost during charging due to heat and charging system inefficiencies. The calculator considers charging loss to estimate the additional electricity required to charge an EV, helping provide a more realistic estimate of electricity consumption and running costs.
If these inputs are available, you can include annual electricity and fuel price increases to estimate how changing energy costs may affect ownership expenses over time.
Yes. Where applicable, you can enter the estimated battery replacement cost and replacement year to include this expense in the EV ownership cost estimate.
Where the corresponding inputs are available, you can include an EV subsidy and charger installation cost to understand how they may affect the total cost of ownership.
Yes. You can enter the estimated resale value of the EV and the petrol or diesel vehicle to account for their expected value at the end of the ownership period.
The results are estimates based on the information provided and assumed values used in the calculation. Actual ownership costs may vary depending on driving habits, electricity and fuel prices, maintenance, insurance, resale values, and other factors.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.