Jan 15, 2025
RNZ
Increase in petrol prices may see spike in EV sales

Drive Electric chair Kirsten Corson explains the significant reduction in lifetime costs from buying an EV compared to signing up for an expensive and unpredictable petrol or diesel subscription.

All those New Zealanders filling up their cars with fuel for summer roadtrips would have seen some pretty big numbers at the pump. And those numbers are set to get even bigger because the price of petrol is set to go above $3 a litre.

If history is any guide, these price increases are likely to keep happening. If you want to save some money, it's not going to make much difference shopping around for small discounts at different petrol stations. That's a bit like trying to lose weight and suggesting you only eat nine burgers a day instead of ten.

What will make a difference is shopping around for a vehicle that uses a cheaper energy source: electricity.

Using a petrol price equivalent, EVs cost around 30c a litre to charge at home using rooftop solar, or 60c a litre using electricity from the grid. Maintenance costs are also much lower.

While the price of petrol keeps going up, the price of EVs continues to fall, which makes the economic equation even better.

As Drive Electric's Kirsten Corson says, there's never been a better time to buy an EV.

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