{"id":714502,"date":"2023-09-02T15:00:00","date_gmt":"2023-09-02T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=714502"},"modified":"2023-09-01T17:26:56","modified_gmt":"2023-09-01T15:26:56","slug":"petrol-vs-electric-cars-how-south-africa-compares-to-the-rest-of-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/714502\/petrol-vs-electric-cars-how-south-africa-compares-to-the-rest-of-the-world\/","title":{"rendered":"Petrol vs electric cars – how South Africa compares to the rest of the world"},"content":{"rendered":"\n

South Africans could save a substantial amount in energy costs when switching from a petrol to an electric vehicle (EV).<\/p>\n\n\n\n

Research from Compare the Market Australia has compared the average cost of charging an EV with filling up a petrol tank across 50 countries. <\/p>\n\n\n\n

The study is based on the cost of refuelling the Hyundai Kona Elite versus the cost of recharging the Hyundai Kona Electric. <\/p>\n\n\n\n

Overall, South Africa ranks 33 regarding the cost of charging an electric vehicle. South Africans would spend AU$2.92 (R34.74) for every 100km in an EV compared to the $12.16 (R144.65) per 100km in a petrol car. <\/strong><\/p>\n\n\n\n

This means South Africans save 76.01% per km travelled in an EV. <\/strong><\/p>\n\n\n\n

The countries that spend the least on electric cars are Argentina and Malaysia, costing less than $1 (R11.90) per 100km of driving. <\/p>\n\n\n\n

Denmark and Italy were on the other end of the scale, costing $11.26 (R133.95) to travel 100km in an electric vehicle. <\/p>\n\n\n\n

*Rank<\/strong><\/td>Country<\/strong><\/td>EV Per 100km <\/strong><\/td>Petrol per 100Km<\/strong><\/td>% saved per km with EV<\/strong><\/td><\/tr>
=1<\/td>Italy<\/td>$11.26 (R134.25)<\/td>$15.56 (R185.52)<\/td>27.63%<\/td><\/tr>
=1<\/td>Denmark<\/td>$11.26 (R134.25)<\/td>$18.86 (R224.86)<\/td>40.29%<\/td><\/tr>
3<\/td>Germany<\/td>$10.83 (R129.12)<\/td>$17.80 (R212.22)<\/td>39.12%<\/td><\/tr>
4<\/td>Belgium<\/td>$10.20 (R121.60)<\/td>$16.75 (R199.71)<\/td>39.13%<\/td><\/tr>
=5<\/td>Lithuania<\/td>$9.77 (R116.48)<\/td>$15.33 (R182.78)<\/td>36.23%<\/td><\/tr>
=5<\/td>Austria<\/td>$9.77 (R116.48)<\/td>$15.85 (R188.98)<\/td>38.33%<\/td><\/tr>
7<\/td>Netherlands<\/td>$9.56 (R113.98)<\/td>$18.38 (R219.14)<\/td>47.99%<\/td><\/tr>
8<\/td>Finland<\/td>$8.88 (105.87)<\/td>$18.70 (R222.95)<\/td>52.49%<\/td><\/tr>
9<\/td>Czechia<\/td>$8.86 (R105.64)<\/td>$14.60 (R174.07)<\/td>39.27%<\/td><\/tr>
10<\/td>Ireland<\/td>$8.29 (R98.84)<\/td>$17.10 (R203.88)<\/td>51.54%<\/td><\/tr>
–<\/td>–<\/td>–<\/td>–<\/td>–<\/td><\/tr>
32<\/td>Israel<\/td>$3.07 (R36.60)<\/td>$17.79 (R212.11)<\/td>82.73% <\/td><\/tr>
33<\/td>South Africa<\/strong><\/td>$2.92<\/strong> (R34.74)<\/strong><\/td>$12.16<\/strong> (R144.65<\/strong>)<\/td>76.01%<\/strong><\/td><\/tr>
34<\/td>Colombia<\/td>$2.88 (R34.34)<\/td>$5.27 (R62.83)<\/td>45.36%<\/td><\/tr>
–<\/td>–<\/td>–<\/td>–<\/td>–<\/td><\/tr>
48<\/td>India<\/td>$1.43 (R17.05)<\/td>$12.17 (R145.10)<\/td>88.26%<\/td><\/tr>
49<\/td>Malaysia<\/td>$0.97 (R11.57)<\/td>$4.19 (R49.96)<\/td>76.98%<\/td><\/tr>
50<\/td>Argentina<\/td>$0.70 (R8.35)<\/td>$9.38 (R111.84)<\/td>92.59%<\/td><\/tr><\/tbody><\/table><\/div>
*Ranking is based on the cost of fully charging an EV. <\/figcaption><\/figure>\n\n\n
\n
\"\"<\/a>
Source: Compare the Market Australia<\/figcaption><\/figure><\/div>\n\n\n

Head of Energy at Compare the Market, Meredith O\u2019Brien, said that driving an EV helps save money on energy costs.<\/p>\n\n\n\n

O’Brien added that utilizing solar panels to charge an EV during daylight hours can help reduce the cost of electricity needed to run the vehicle.<\/p>\n\n\n\n

\u201cAs people struggle with the rising cost of living, it is important that they take all their bills into account when trying to save money,” she said. <\/p>\n\n\n\n

Issues in South Africa <\/strong><\/p>\n\n\n\n

Although electric cars may present substantial energy-saving costs, many in South Africa still have reservations.<\/p>\n\n\n\n

According to Deloitte’s Global Automotive Consumer Study, the largest area of concern for all-powered battery-powered vehicles (BEVs) is a lack of sufficient charging infrastructure in the country, with 53% of respondents stating that it is their biggest concern regarding BEVs. <\/p>\n\n\n\n

In addition, there are also concerns over the time that is required to charge an electric vehicle. <\/p>\n\n\n

\n
\"\"<\/a>
Source: Deloitte’s Global Automotive Consumer Study<\/figcaption><\/figure><\/div>\n\n\n

The third largest issue relates to the cost of getting BEVs. <\/p>\n\n\n\n

Deloitte said that most Internal Combusting Engine (ICE) and EV intenders want to pay less than R750,000 for their next car, however, the cheapest BEV in South Africa is the GWM ORA<\/a>, which has a starting price of R716,900<\/strong> – a top-spec model costs R915,900. <\/strong><\/p>\n\n\n\n

The only other BEV below R750,000 is the Mini Cooper SE (R742,102), meaning that 52% of EV intenders would have to pay more than they wanted to enter the BEV market. <\/p>\n\n\n

\n
\"\"<\/a>
Source: Deloitte’s Global Automotive Consumer Study<\/figcaption><\/figure><\/div>\n\n\n
\n\n\n\n

Read<\/strong>: Big jump in petrol prices hitting next week<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africans can save a substantial amount on transport-related costs when switching to an electric vehicle. <\/p>\n","protected":false},"author":95,"featured_media":662121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11119],"tags":[18147,26],"class_list":["post-714502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-compare-the-market-australia","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/714502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=714502"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/714502\/revisions"}],"predecessor-version":[{"id":715544,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/714502\/revisions\/715544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/662121"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=714502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=714502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=714502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}