Fuel Prices Soar: Is an EV the Right Move?
The rising cost of fuel is hitting wallets hard. As of Sunday, March 22, 2026, 91 octane averages $3.30/litre in New Zealand, a 37% increase in the last month (source: Gaspy). With the government warning of further increases, many motorists are considering alternatives.
The Allure of Electric: A Quick Calculation
The temptation to switch to an electric vehicle (EV) is understandable. A typical EV can cost as little as $10-15 to “charge” overnight. For a car averaging 15,000km annually and returning 8 litres per 100km, fuel costs have risen from around $3000 at February prices to approximately $3900. While this is an increase of less than $20 per week, further fuel price hikes could add significantly to that cost – potentially an extra $40 per week if prices rise another 30% or more.
Beyond the Fuel Savings: Upfront Costs to Consider
However, switching to an EV isn’t a simple equation. The initial capital outlay can be substantial. Trading in a combustion engine car, particularly a less fuel-efficient model, may result in a lower trade-in value. Adding a home charge station (wallbox) can add another $2000-$4000 to the cost, offering faster and safer charging than a standard outlet.
Kiwi smart-charger manufacturer Evnex has reported that EV owners save nearly $35,000 in fuel costs over the average vehicle lifespan (14.8 years in New Zealand).
Five Used EVs Worth Considering (Under $30,000)
Nissan Leaf
The Nissan Leaf introduced many New Zealanders to electric motoring. A 2022 Leaf e+ with the 62kWh battery is available for around $29,950 with 38,300km.
MG ZS
A 2023 MG ZS Essence with 38,300km is currently listed for $25,000.
Hyundai Kona
A 2021 Hyundai Kona facelift with the 64kWh battery is available for $29,980 with 67,000km.
BYD Dolphin
A 2024 BYD Dolphin with only 4000km is listed for $29,990.
Kia Niro
A 2022 Kia Niro EX455 (455km range) is available for $29,950 with 77,000km.
BMW i3
A 2021 BMW i3 with the 120Ah battery is listed for $26,680 with 87,990km.
FAQ: EVs and the Fuel Crisis
- Is now a good time to buy an EV? If you were already considering an EV, now is a good time as demand (and prices) are likely to increase.
- How much can I save by switching to an EV? Potentially $35,000 over the vehicle’s lifespan, but this depends on driving habits and electricity costs.
- What additional costs should I factor in? Trade-in value of your current car, the cost of a home charge station, and potential battery replacement costs (though these are becoming less of a concern).
What are your thoughts on the EV transition? Share your experiences and questions in the comments below!
