ASX Today, page-36962

"Driving an electric car could save motorists more than $3400 a year in fuel, according to an analysis of more than 650 vehicles on Australian roads.

A report released by finance platform MNY also revealed the least fuel-efficient vehicle they tested was a luxury hybrid car, and found powerful, high-end sports cars were among the most expensive to drive.

The analysis comes as figures show the average cost of petrol has jumped again, and after the Australian Automobile Association revealed household transport costs rose faster than the cost of living.


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MNY analysed 652 car models released since 2019 for its report, and assumed they travelled 14,000km a year, with fuel prices averaged across state and territories alongside a mix of home and public charging costs for electric vehicles.

The report named the 2019 Hyundai Ioniq as the most fuel-efficient vehicle on the market, with its annual running cost of $491 beating the popular Tesla Model 3 in second place by $63 a year.

Electric vehicles dominated the list of most efficient vehicles, taking up all 10 top spots, and MNY chief editor Sergiy Kyrychenko told AAP they would continue to be cheaper to run than petrol or hybrid vehicles even if fuel prices dropped or electricity prices rose.

“Interestingly, it would take the gas prices to drop by more than half in order to make electric and petrol vehicle equal,” he said.

“It would take quite a substantial change in gas prices to change the picture in terms of fuel efficiency.”"
https://7news.com.au/news/new-study...text=Driving an electric,of fuel efficiency.”