TOTAL COST OF OWNERSHIP CALCULATOR
Still not convinced whether EV will help you save the extra buck? Worry not! Here's a fun and easy to use tool which will help you understand how much money you will save if you switch to EVs!
What is Total Cost of Ownership (TCO)?
TCO is the full cost of owning and using a vehicle over a period of time. It includes more than just the price you pay when you buy the vehicle, it also covers the cost of charging, maintenance, servicing, repairs, and day-to-day running. For an electric vehicle (EV), TCO helps you understand the real money you save because EVs usually have lower running and maintenance costs than petrol or diesel vehicles.
What is Total Cost of Ownership (TCO)?
TCO is the full cost of owning and using a vehicle over a period of time. It includes more than just the price you pay when you buy the vehicle, it also covers the cost of charging, maintenance, servicing, repairs, and day-to-day running. For an electric vehicle (EV), TCO helps you understand the real money you save because EVs usually have lower running and maintenance costs than petrol or diesel vehicles.
Why does TCO Matter?
TCO gives you a complete picture of what you will spend over the life of your vehicle. It helps you:
Compare costs properly
Even if an EV costs a bit more upfront, it can save money through cheaper running and low maintenance. TCO helps you compare the actual long-term cost of owning an EV vs a petrol/diesel vehicle.
Understand your savings
By calculating TCO, you can see how much you save every month on fuel, servicing, and repairs when you switch to an EV.
Make better decisions
TCO helps you clearly see the real costs and benefits, so you can choose the vehicle that fits your budget and usage.
Why does TCO Matter?
TCO gives you a complete picture of what you will spend over the life of your vehicle. It helps you:
Compare costs properly
Even if an EV costs a bit more upfront, it can save money through cheaper running and low maintenance. TCO helps you compare the actual long-term cost of owning an EV vs a petrol/diesel vehicle.
Understand your savings
By calculating TCO, you can see how much you save every month on fuel, servicing, and repairs when you switch to an EV.
Make better decisions
TCO helps you clearly see the real costs and benefits, so you can choose the vehicle that fits your budget and usage.