06/09/2026
Electric Vehicles now cost ~85% less in energy per kilometre than petrol and diesel cars in Australia:
'The graph below compares the 10 bestselling cars in each category, using official WLTP consumption figures and Melbourne energy prices.
The gap is fairly consistent across the models:
➡️ Petrol/diesel: between 13.1 and 19.8c/km, averaging 16.3c
➡️ Electric: between 1.8 and 2.6c/km, averaging 2.3c
In other words, even the least efficient EV in the comparison still costs around 80% less in energy than the cheapest petrol or diesel car.
There are a few points worth clarifying.
Petrol and diesel prices remain somewhat elevated, although even if they were 20% lower, the average EV would still cost around 82% less in energy.
The EV calculation also assumes smart home charging at 14.6c/kWh. Public fast charging can cost considerably more, which matters for drivers who aren't able to charge at home.
But there's an important flipside here too. EV drivers can benefit from flexibility that petrol and diesel drivers don't have: charging when electricity is cheap. Many retail electricity offers include cheaper overnight or midday charging windows, while households with rooftop solar can potentially charge for very little.
This is only an energy cost comparison, not a full comparison of the cost of owning a car. Purchase price, depreciation, insurance, servicing and financing are all factors too.
Historically, one of the tradeoffs with EVs was fairly straightforward - you pay more upfront, then over time recover that premium through lower energy and servicing costs.
But as the upfront price gap narrows, that calculation is changing and the economics of electric cars are becoming even more compelling.'
https://www.linkedin.com/posts/gavinmooney_electric-cars-now-cost-around-85-less-in-activity-7501152844218191873-C7E6/
https://elitre.com.au/dollar