EV Owners Saving Just $100 Per Year Over Regular Vehicles: Consumer Group

Energy Consumers Australia says the saving will gradually increase to $1,400 by 2030.

A Hyundai KONA Electric charges at a EV charge station in Sydney, Australia, on Jan. 19, 2021. Brendon Thorne/Getty Images

Electric vehicles (EV) are currently saving motorists $100 compared to buying a regular vehicle, says a consumer body.

Brian Spak, director at Energy Consumers Australia, said EVs were likely to represent the “single greatest opportunity” for households and small businesses to participate in, and benefit from, the renewable energy transition.