2<\/a><\/sup> is the MG ZS EV, which is an electric version of an MG ZST. These are the current prices:<\/p>\n2023 MG ZS EV Excite – $49,130<\/p>\n
2023 MG ZST Excite – $30,990<\/p>\n
Stamp Duty<\/strong><\/p>\nIn Western Australia for all vehicles, $25,000 – $50,000 the stamp duty payable is:<\/p>\n
R% of the dutiable value, where R = [2.75 + ((dutiable value – 25,000)\/ 6,666.66)] rounded to 2 decimal places<\/p>\n
MG ZS EV Excite calculation:
\n[2.75 + ((49,130 – 25,000)\/6,666.66)] = 6.37% x $49,130 = $3,129.58<\/p>\n
MG ZST Excite calculation:
\n[2.75 + ((30,990 – 25,000)\/6,666.66)] = 3.65% x $30,990 = $1,130.67<\/p>\n
Subsidies<\/strong><\/p>\nZero Emission Vehicle (ZEV) Rebate – $3,500<\/p>\n
The WA government currently offers a $3,500 rebate for the first 10,000 purchasers of licensed electric and hydrogen vehicles in WA, or for 3 years following the announcement (until Saturday 10 May 2025), whichever comes first.<\/p>\n
Misc. (EV Charger etc)<\/strong><\/p>\nThe current average price for a 7.4kW Tesla Gen 3 Wall Connector level 2 single-phase EV charger supplied and installed in WA is approximately $1,800.<\/p>\n
Depreciation<\/strong><\/p>\nDepreciation rates vary for different vehicles depending on factors such as current market demand, make, model, age, etc.<\/p>\n
It’s commonly thought that EVs depreciate slower than their petrol counterparts, but it depends on which so-called authority you believe, or which website you read. The estimates vary widely. The vehicle manufacturers certainly seem to support this theory, based on the warranty given for each vehicle. I’ve therefore assumed they depreciate using the length of the manufacturer’s warranty by the following method:<\/p>\n
The ATO general depreciation rules \u2013 capital allowances, allow the prime cost method or diminishing value method to calculate vehicle depreciation for tax purposes. The prime cost method is the simpler one and uses the following formula:<\/p>\n
Asset\u2019s cost \u00d7 (days held \u00f7 365) \u00d7 (100% \u00f7 asset\u2019s effective life)<\/p>\n
EV Depreciation<\/strong><\/p>\nAssuming the asset’s (EV’s) life is the length of the battery warranty – 8 years\/160,000 km, whichever comes first, that works out to a depreciation rate of 12.5% per annum over 8 years.<\/p>\n
ICE Depreciation<\/strong><\/p>\nAssuming the asset’s (ICE’s) life is the length of the vehicle warranty – 7 years\/70,000 km, whichever comes first, that works out to a depreciation rate of 14.3% per annum over 7 years.<\/p>\n
The graph, however shows depreciation over 10 years because the most recent Motor Vehicle Census by the Australian Bureau of Statistics (January 2021) shows the average age of registered vehicles as 10.6 years.<\/p>\n
Inflation<\/strong><\/p>\nAccording to the Reserve Bank of Australia (RBA), since the introduction of inflation targeting in the early 1990s, inflation has averaged 2.5% per year. This inflation figure is used to calculate yearly costs each year (columns I and P).<\/p>\n
Note that fuel and energy costs are predicted to rise faster than inflation, however, this is not accounted for in the calculator.<\/p>\n
Yearly Costs<\/h3>\n
Registration<\/strong><\/p>\nWA is the only Australian state to use weight in calculating individual light vehicle license fees. The registration is comprised of the following:<\/p>\n
License fee – $25.52 per 100kg vehicle Tare mass
\nMotor Injury Insurance – $457.55
\nRecording fee – $10.30<\/p>\n
MG ZS EV Excite – $868.51
\nMG ZST Excite – $798.33<\/p>\n
Insurance<\/strong><\/p>\nBased on quotes from RAC for fully comprehensive insurance with $500 excess, driving between 10,000 and 15,000km per year, single driver, with no claim bonus.<\/p>\n
MG ZS EV Excite – $810.11
\nMG ZST Excite – $721.75<\/p>\n
The insurance cost will diminish over time as the asset’s residual value diminishes, although it will remain higher than the rate of depreciation. Since the diminishing insurance rate will be equal for all vehicles, it hasn’t been considered in this calculator.<\/p>\n
Servicing<\/strong><\/p>\nMG capped-price service costs for Australia for 7 years (new car warranty period).<\/p>\n
MG ZS EV Excite – average $262.00
\nMG ZST Excite – average $313.63<\/p>\n
Tyres<\/strong><\/p>\nICE Vehicle<\/p>\n
According to RAC and NRMA, generally speaking, tyres for an ICE vehicle last around 40,000km. This varies greatly due to individual driving styles and tyre pressure.<\/p>\n
40,000km divided by 4 tyres = 10,000km per year per tyre. Assuming the average km traveled per year is 12,100km, it works out to an average of 1.21 tyres replaced per year for an ICE vehicle.<\/p>\n
MG ZST Excite \u2013 $175.45<\/p>\n
EV<\/p>\n
Hyundai Motor group claims that EV tyres wear 20% faster than those of ICE vehicles due to the acceleration of electric vehicles that generate strong instantaneous power (torque).<\/p>\n
40,000km (above) less 20% = 32,000km divided by 4 tyres = 8,000km per year per tyre – an average of 1.51 tyres replaced per year for an EV assuming average km travelled.<\/p>\n
MG ZS EV Excite \u2013 $218.90<\/p>\n
Miscellaneous (Repairs etc)<\/strong><\/p>\nThis field can be used for any miscellaneous yearly costs, ranging from anticipated repairs to estimated fringe benefits tax, etc.<\/p>\n
EV Consumption kW\/100kWh<\/strong><\/p>\n17.1 kWh\/100km – according to the MG ZS EV technical specifications based on the Worldwide harmonised Light-vehicles Test Procedure (WLTP) combined city and highway cycle.<\/p>\n
ICE Fuel Consumption L\/100km<\/strong><\/p>\n7.3 L\/100km – according to the MG ZST technical specifications (combined city and highway cycle).<\/p>\n
Travel km\/year<\/strong><\/p>\nFrom the ABS Survey of Motor Vehicle Use in Australia 2020, the average kilometres traveled was 12,100km for all vehicles. This figure didn’t vary significantly across states.<\/p>\n
Elect. Price Solar $\/kWh<\/strong><\/p>\nUsing excess solar to charge an EV is not actually free, because you usually have to account for the relinquished feed-in tariff you would have otherwise received.<\/p>\n
In WA, Synergy FiT is called the Distributed Energy Buyback Scheme (DEBS) = $0.025\/kWh (off-peak rate).<\/p>\n
Elect. Price Grid $\/kWh<\/strong><\/p>\nIn WA, Synergy A1 Tariff = $0.30\/kWh.<\/p>\n
Elect. Price Road $\/kWh<\/strong><\/p>\nIn WA, the RAC Electric Highway electric vehicle charging station network costs $0.45\/kWh.<\/p>\n
% Charging<\/strong><\/p>\nWhen entering data into these 3 cells they MUST<\/strong> add up to 100% for the calculator to be accurate.<\/p>\nFuel Price $\/litre (unleaded)<\/strong><\/p>\nAccording to WA Govt Dept of Mines, Industry Regulation & Safety the overall average price for ULP in Perth in 2022 was $1.86\/Litre.<\/p>\n
Total Cost of Ownership (TCO) Calculations<\/h3>\n
This figure is simply the Cumulative Cost less the Residual Value of the vehicle each year. The result is also output to the graph for EV and ICE vehicles. Note that there are other ways of calculating TCO which end up with the same result.<\/p>\n
Yearly Cost<\/strong><\/p>\nYearly costs in year 0 (at the time of purchase) are registration and insurance. Year 1 uses the Total Yearly Costs (C34 and F29) x the inflation rate (C14). Year 2 onwards uses the previous year’s yearly costs x the inflation rate.<\/p>\n
Cumulative Cost<\/strong><\/p>\nCumulative Cost (each year) = Cumulative Cost (previous year) + Yearly Costs Total<\/p>\n
Residual Value<\/strong><\/p>\nResidual Value (of the vehicle each year) = Residual Value (previous year) less (Depreciation x Residual Value (previous year).<\/p>\n
In addition, the Residual Value on day one (Year 0) of ownership takes into account that the car has dropped its value by the annual depreciation percentage as soon as it is driven out of the car yard. This is the reason the TCO in Year 0 is so high.<\/p>\n
Emissions<\/h3>\n
Calculating full life-cycle or cradle-to-grave emissions for any vehicle is complex. It consists of tailpipe emissions, fuel\/ electricity production and transport, emissions created in the mineral supply chain, and vehicle decommissioning. Many recent studies have been undertaken, and although the figures vary, they all agree on two main findings. (1) Currently EV manufacturing creates more emissions than comparable ICE vehicles. (2) Despite this, EVs have a significantly lower carbon footprint over the full life cycle.<\/p>\n
No. of Previous Owners<\/strong><\/p>\nThis is to specify whether the car is bought new, or used (one owner, etc). The embodied (manufacture) emissions are divided between the number of owners over the calculation period. It doesn’t mean the number of owners as a couple or family buying the vehicle!<\/p>\n
No. of Previous Owners = 0 (you bought the car brand new)
\nNo. of Previous Owners = 1 (you bought the car used from the brand new owner)<\/p>\n
Embodied Emissions (manufacture including mineral supply chain and decommissioning)<\/strong><\/p>\nCalculated using the Final Report for the European Commission 13-07-2020 “Determining the environmental impacts of conventional and alternatively fueled vehicles through LCA”<\/p>\n
The report states – For a standard mid-sized gasoline ICE (internal combustion engine) vehicle the embedded carbon in production will be around 5.6tCO2e. A similar electric vehicle will have embedded production emissions of 8.8tCO2e.<\/p>\n
Note that this study takes into account in its scope a life-cycle inventory including “all the raw materials”, “all the energy inputs”, “all the by-products and wastes”, and “all emissions to land, water, and air.”<\/p>\n
Driving (Yearly) Emissions<\/strong><\/p>\nThis, as specified in ISO (International Organization for Standardization) 14064, includes tailpipe emissions (or lack of), plus emissions created by producing and transporting fuel and\/or electricity.<\/p>\n
Electric Vehicle<\/strong><\/p>\nAs specified in ISO (International Organization for Standardization) 14064 – Emissions Factor (CO2e\/kWh) x yearly electricity consumption (kWh) = Yearly Driving Emissions (kg CO2e\/year).<\/p>\n
The emissions factor used (0.63) is an average of all Australian states derived from the Clean Energy Regulator EERS (Emissions & Energy Reporting System) release 2021\u201322.<\/p>\n
This calculator uses the % of electricity derived from grid and road charging only to calculate yearly driving emissions.<\/p>\n
Emissions Factor (CO2e\/km) x (Electricity Total kWh\/year x (% Grid Charging + % Road Charging)) = Yearly Driving Emissions (kg CO2e\/year).<\/p>\n
ICE Vehicle<\/strong><\/p>\nAs specified in ISO (International Organization for Standardization) 14064 – motor gasoline\/petrol emissions factor = 2.33 kg CO2 per litre.<\/p>\n
Download The Calculator<\/h2>\n
Get your free EV Vs ICE TOC calculator here<\/a>. No login or email address is required. Let me know your results, and any other feedback is very welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"Unsure if EVs are the right fit for you? We’ve got you covered. This article presents an advanced Total Cost of Ownership (TCO) and emissions calculator to compare EVs and internal combustion engine (ICE) vehicles, available via a link at the end. And yes, we’re talking about emissions too! After all, that’s what kick-started the […]<\/p>\n","protected":false},"author":29,"featured_media":72397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[684],"tags":[],"class_list":["post-72393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicles","entry"],"acf":[],"yoast_head":"\n
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Their energy bills, once soaring over $5,500, have been slashed to just $612 for the entire year, thats for both home and transport. Josh now spends only 11% of his pre-electrification yearly bills, and\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"Josh Mylne follow up story","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/01\/josh-mylne-follow-up.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/01\/josh-mylne-follow-up.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/01\/josh-mylne-follow-up.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/01\/josh-mylne-follow-up.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/01\/josh-mylne-follow-up.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":97900,"url":"https:\/\/www.solarquotes.com.au\/blog\/new-vehicle-emissions-data-ev-shift-means-for-solar\/","url_meta":{"origin":72393,"position":1},"title":"New Vehicle Emissions Data: An EV Shift For Solar Homes","author":"Kim Wainwright","date":"February 24, 2026","format":false,"excerpt":"The first performance results have been published under Australia\u2019s new National Vehicle Emissions Standard (NVES) \u2014 and while the immediate impact on electric vehicle numbers is modest, the data hints at changes that matter for rooftop solar and household electrification. 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Data from\u2026","rel":"","context":"In "Electric Vehicles"","block_context":{"text":"Electric Vehicles","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electric-vehicles\/"},"img":{"alt_text":"NVES emissions data 2025","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/02\/emissions-data-solar-homes.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/02\/emissions-data-solar-homes.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/02\/emissions-data-solar-homes.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/02\/emissions-data-solar-homes.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/02\/emissions-data-solar-homes.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":95231,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-ev-report-2025-mb3291\/","url_meta":{"origin":72393,"position":2},"title":"Australia’s EV Uptake Growing, But Needs Acceleration","author":"Michael Bloch","date":"October 15, 2025","format":false,"excerpt":"Along with a bunch of facts and figures, a new report on the state of electric vehicles in Australia in 2025 contains recommendations on how to put the pedal to the metal on EV uptake. 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The Electric Vehicle Council's (EVC\u2019s) State of EVs 2025\u2026","rel":"","context":"In "Electric Vehicles"","block_context":{"text":"Electric Vehicles","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electric-vehicles\/"},"img":{"alt_text":"State of EVs 2025","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/10\/ev-report-2025.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/10\/ev-report-2025.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/10\/ev-report-2025.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/10\/ev-report-2025.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/10\/ev-report-2025.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":63260,"url":"https:\/\/www.solarquotes.com.au\/blog\/fuel-efficiency-standards-mb2539\/","url_meta":{"origin":72393,"position":3},"title":"Call For AU Fuel Efficiency Standards To Boost EV Availability","author":"Michael Bloch","date":"July 5, 2022","format":false,"excerpt":"Grassroots solar energy advocacy group Solar Citizens says the key to getting cheaper EVs into Australia is introducing fuel efficiency standards. 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New Zealand has set a goal of carbon neutrality by 2050, with an interim target of slashing greenhouse gas emissions 30% below\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electric vehicle rebate New Zealand","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nz-ev-rebate.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nz-ev-rebate.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nz-ev-rebate.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nz-ev-rebate.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nz-ev-rebate.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":42930,"url":"https:\/\/www.solarquotes.com.au\/blog\/greens-act-ev-mb1672\/","url_meta":{"origin":72393,"position":5},"title":"ACT Greens Dangle Subsidies And Free Rego For Electric Cars","author":"Michael Bloch","date":"September 7, 2020","format":false,"excerpt":"The ACT Greens have announced a $50 million plan as part of a larger strategy supporting electric vehicle uptake in the Territory with the aim of getting \"Canberra\u2019s rEVolution\" really into gear. 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