EV vs Petrol: Breaking Even
While Electric Vehicles are significantly cheaper to run, their upfront purchase cost is usually higher than a comparable petrol variant. The time it takes for your fuel savings to offset the higher purchase price is called the "break-even point."
Intelligence Insight: An EV makes the most financial sense if you have high daily running (e.g., more than 40km/day) and can charge at home on a standard residential electricity tariff.