EV Total Cost of Ownership Calculator
Calculate the true total cost of owning an EV over any time period β purchase price, charging, maintenance, insurance, and depreciation.
π EV Total Cost of Ownership
Results
Charging Cost2,500
Maintenance2,000
Insurance7,500
Depreciation19,470
Total Cost of Ownership31,470
Cost per km0.31
π‘ How to Calculate EV Total Cost of Ownership
Total Cost of Ownership (TCO) includes: charging costs + maintenance + insurance + depreciation over your ownership period. This gives you the true running cost beyond the sticker price.
EV maintenance is significantly lower: no oil changes, brakes last longer (regenerative braking), no transmission service, no exhaust repairs. The main EV maintenance items are tyres, cabin air filter, and coolant β that's it.
5-year TCO for a 35,000 EV at 20,000 km/yr: Charging β 2,500, Maintenance β 2,000, Insurance β 7,500, Depreciation β 12,250. Total running cost = 24,250. Cost per km β 0.24.