EV vs. Petrol Car Cost Calculator
Comparison over 5 Years
EV Total Cost
₹0
Petrol Car Total Cost
₹0
Your total savings with an EV will be
₹0
How Does This Calculator Work?
This calculator determines the Total Cost of Ownership (TCO) for both an electric and a petrol vehicle, giving you a clear financial picture beyond the initial sticker price. It uses the following formula for each vehicle type:
TCO = Final Purchase Price + Total Fuel/Energy Cost + Total Maintenance Cost
- Final Purchase Price: The ex-showroom price, minus any subsidies or discounts (applicable for EVs).
- Total Fuel/Energy Cost: Calculated based on your daily commute, the vehicle's efficiency (km/kWh or km/L), fuel/energy price, and the total ownership period.
- Total Maintenance Cost: The annual maintenance cost multiplied by the number of years you plan to own the car.
By comparing the TCO of both vehicles, you can make a well-informed decision based on long-term value rather than just the upfront cost.
Beyond the Sticker Price: The Rise of TCO
For decades, car buying decisions were dominated by the showroom price and fuel efficiency (mileage). However, the arrival of electric vehicles has introduced a new, more comprehensive way of thinking: the Total Cost of Ownership (TCO). While EVs often have a higher initial purchase price, their running costs can be dramatically lower.
The concept of TCO isn't new—businesses have used it for years to evaluate large purchases. But for consumers, the EV revolution has brought it into the mainstream. Factors like near-silent operation, zero tailpipe emissions, and instant torque provide a better driving experience, while significantly lower spending on "fuel" (electricity) and maintenance (fewer moving parts) leads to substantial long-term savings. This calculator helps quantify those savings, proving that the most expensive car to buy isn't always the most expensive car to own.
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Frequently Asked Questions (FAQ)
Why is the initial cost of an EV often higher?
The primary reason for the higher upfront cost of an EV is the lithium-ion battery pack, which is one of its most expensive components. However, as battery technology improves and production scales up, these costs are steadily decreasing.
Does this calculator include insurance or registration costs?
No. This calculator focuses on the main variables: purchase price, fuel, and maintenance. Insurance and registration costs can vary greatly depending on your location, the car model, and your personal profile, so they are not included for a clearer comparison of core running costs.
How does a home charging setup affect the cost?
The cost of installing a home charging station (which can range from a few thousand to over a lakh) is an additional one-time cost not included in this TCO calculation. However, home charging typically provides the cheapest electricity rates, leading to lower running costs over the car's lifetime compared to relying solely on public fast chargers.