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EV vs ICE cost comparison

Electric vehicle total cost of ownership calculator

Compare total ownership costs between EVs and ICE vehicles. Electricity vs fuel, maintenance savings, depreciation, and insurance in Thailand.

Ownership period

EV

Electric vehicle

THB
kWh/100km
km

Progressive blocks + Ft 0.1623 + VAT · about 4.79 THB/kWh

ICE

Gasoline vehicle

THB
L/100km
km
Gasoline
38 THB/L
ICE maintenance
25,000/yr
EV maintenance
8,000/yr
Insurance
2.5–3.0%/yr

Scenario result

EV saves 59,103 THB

EV 15,000 km/year · ICE 15,000 km/year · 5 years

Visual cost comparison

EV total1,443,897 THB
ICE total1,503,000 THB

Cost breakdown

Amounts in THB · Scroll the table sideways to compare both vehicles.

Cost category EV ICE
Vehicle purchase price1,200,0001,000,000
Energy / fuel53,897228,000
Maintenance40,000125,000
Insurance150,000150,000
Depreciation (economic view)667,554472,268
Total cash outlay1,443,8971,503,000
Economic cost911,450975,268

Assumes household tariff (blocks + Ft + VAT) and fixed maintenance, insurance and depreciation rates. Scenario, not a quote.

Frequently asked questions

Key factors in EV ownership costs

Energy savings

Charging at home costs roughly 1/4 to 1/5 of gasoline per kilometre. Over 15,000 km/year this can save 30,000+ THB.

Lower maintenance

EVs have fewer moving parts — no oil changes, fewer brake replacements (regenerative braking), and simpler drivetrains.

Depreciation reality

Early EV depreciation is improving as battery tech and the used-EV market mature.

Estimates only; confirm exact figures with dealers and insurers.