The bigger the mileage, the more things lean towards the EV. The novated lease option, however, tilts things dramatically and unambiguously in favour of the EV.
Unsurprisingly, perhaps, there is no universal yes or no. Energy prices are in flux, technology is moving swiftly, interest rates are rising andLet’s ignore the environmental advantage and driving experience and look at it in purely economic terms. To find out the truth – or at least a truth in a complicated area – let’s consider a case study, namely the Volvo XC40 Recharge Twin Pure Electric.
The most obvious alternative would be the XC40 Ultimate B5 Dark. This petrol-powered XC40 has almost identical equipment levels and is also all-wheel drive. It has far less power and torque than the electric car, but is substantially lighter. Its price is $63,990 plus on road costs.Petrol, easily. Unless you specifically want the faster acceleration, you are paying a neat $15,500 extra to go electric.
If you use domestic electricity, it could cost you 29¢ per kWh in NSW. Enough energy to cover the weekly 228 kilometres would be as little as $17.17, before even considering off-peak rates. If you are going to the trouble of buying an EV, you’ll likely be using certified green energy, which could raise that figure to $25.90.It’s electricity first, daylight second. Over four years at today’s electricity and petrol prices, the EV could save you between $12,480 and $8172 .
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