The Finance Algorithm
§ Tool · tier 1 · independent

Electric Vehicle (EV) Loan Calculator.

Calculate EV financing with incentives, charging costs, and long-term savings

CalculatorFree, no signupOn-deviceLiveupd May 2026
Inputs
Your numbers
$
$55k
$
$5k
%
6.5%

Some lenders offer green car discounts

5
15,000
0.3

Your home electricity rate

16

Typical EV uses 14-20 kWh/100km

8

Similar petrol car for comparison

1.9

For state-specific incentives

Math updates live as you change inputs · AI runs on submit

Awaiting inputs

Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.

Electric vehicles have higher upfront costs but much lower running costs. This calculator compares the total cost of EV ownership including incentives, charging, and savings versus petrol.

§ Worked examples

Real-world scenarios

Tesla Model 3 vs Camry

Model 3 at $58,000 vs Camry at $40,000. 15,000km/year, electricity $0.30/kWh, petrol $1.90/L.

Inputs

evPrice:58,000petrolPrice:40,000kms:15,000

Annual fuel: EV $720 vs Petrol $2,280. Save $1,560/year on fuel. Over 5 years, EV costs just $4,200 more despite $18,000 higher price.

§ FAQ

Questions Australians ask

§ Glossary

Plain-English definitions

kWh/100km
EV efficiency rating - how much electricity used per 100km. Like L/100km for petrol.
FBT Exemption
EVs under the luxury limit are exempt from Fringe Benefits Tax for novated lease.
DC Fast Charging
Public chargers that can charge an EV to 80% in 20-40 minutes.