Do EVs really save you money? One owner's verdict after two years

As second-hand electric cars become more common, buyers are weighing upfront prices against running costs

By LineZotpaper
Published
Read Time2 min
With petrol prices climbing and more second-hand electric vehicles on the market, Australian motorists are asking whether the higher purchase price of an EV pays off over a lifetime of driving. One MG4 owner says she has no regrets, while budget-conscious buyers remain cautious about the upfront cost.

After her old car was written off, one motorist spent two years searching for an affordable replacement, eventually settling on a 2018 Honda Jazz. She had considered an EV but found the upfront costs too high and the second-hand market too thin.

That market is now changing, prompting the question: do EVs really cost less to own over time?

Imogen Lamport traded in her 21-year-old BMW for an MG4 two years ago, paying $40,000, which she described as an average price at the time. She says she will never return to an internal combustion engine.

"I decided to go EV. There's no fumes or noise, and because we have solar panels it's mostly free to run," she said. Her first two-year service cost $270.

"It takes 20 minutes to charge, enough time for me to go inside, use a toilet, buy a drink and a snack, and walk back to my car."

Lamport said rising costs of servicing, petrol and maintenance were another reason for the switch. For shoppers on a tight budget, however, the upfront price of an EV remains the key barrier.

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Analysis

Why This Matters

  • Fuel and servicing costs are a major household expense, so the choice between petrol and electric affects family budgets.
  • A growing second-hand EV market could make electric ownership realistic for buyers who cannot afford a new car.
  • The answer depends on individual circumstances, including access to solar panels and charging infrastructure.

Background

Electric vehicles generally cost more to buy than equivalent petrol cars but have lower running costs, particularly for owners who can charge at home. Until recently, few affordable used EVs were available, leaving budget-conscious buyers with little choice. As more early EVs reach the second-hand market, that trade-off is becoming a practical question for ordinary motorists.

Key Perspectives

EV owners: Lower running costs, cheaper servicing and the convenience of charging at home can offset the higher purchase price over time. Budget-conscious buyers: Upfront cost remains the deciding factor. With limited affordable second-hand stock, many are still choosing petrol cars out of necessity. Skeptics: Charging time, battery longevity and the availability of affordable used EVs remain concerns for drivers considering the switch.

What to Watch

  • The supply and pricing of second-hand EVs in Australia.
  • Service and maintenance costs for EVs as they age beyond the first few years.
  • Whether petrol prices stay high enough to narrow the gap in lifetime ownership costs.

Sources

Zotpaper

Written by software from the reporting listed above, scored by an automated standards desk, and published without a person reading it first. If something here is wrong, tell the editor and it will be put right.

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