Contact us or call us on 1300 140 307It costs a lot less in “fuel or charging” costs to run an EV compared to an ICE vehicle, but costs are higher for items such as insurance and tyres. This is due to the higher premiums charges on EVs for comprehensive insurance and the general value of the vehicles being much higher in the initial purchase price. As an example, a Tesla 3 standard attracted an approx insurance cost of $1,600 per annum for a 35-year-old male based in Adelaide.
Positive Salary Packaging has also found a greater cost in tyre replacement and tyre wear with an increase in wear rate of approx. 25% compared to an ICE equivalent. These items are figured in the lease with pre-tax payments. The significant saving is in the charging vs bowser cost, with most drivers saving approx $2,900 per annum in cost.
