EV Owners Can Recoup Purchase Costs in Under 10 Years, Inquiry Told

The EV Council also stated that people can earn $1,500 a year with their EV and solar panels using the vehicle-to-grid technology.

The BYD ATTO 3 from Chinese electric vehicle (EV) manufacturer BYD is pictured at the 2025 Bangkok International Motor Show at the Impact Arena convention venue in Bangkok, Thailand on March 24, 2025. Chanakarn Laosarakham/AFP via Getty Images

EV owners can recover the cost of buying their cars in less 10 years, according to recent testimony to a parliamentary committee on climate misinformation.

Aman Gaur, head of policy advocacy at the Electric Vehicle Council, said EV owners could save thousands of dollars if they drive frequently, according to the peak body’s analysis.