05/04/2026
A practical reminder for new EV buyers: If you already have a working ICE car and your main reason for buying an EV is “TO SAVE MONEY,” run the numbers carefully first.
Will your fuel savings recover the cost of buying a new car fast enough?
EV makes strongest financial sense when:
• You drive a lot
• You charge mostly at home
• Your current car already needs replacement OR you are in the market on buying new car
Savings only happen after recovering the initial purchase cost.
Example mindset:
If you spend ₱8,000–₱10,000 monthly on fuel but buy a new EV worth ₱800,000+, the fuel savings may take several years just to offset the capital outlay.
EV is a great technology—but buying one should be based on full ownership math, not fuel savings alone.
