How it works
How long it takes an EV to pay back its price premium is simply (price premium ÷ annual savings). If savings are zero or negative, payback isn't possible under current prices.
FAQ
Q. How should I account for subsidies?
A. Enter the price gap after subtracting both national and local subsidies for an accurate payback period.
Q. Is a shorter payback always better?
A. Generally yes, but weigh it against your battery warranty period and expected ownership length for the full picture.