Are there any other running costs specific to electric vehicles I should consider for a novated lease?
Yes, there are a few. Firstly, you need to consider the average range you want to drive in your vehicle. Many EVs have options to pay for higher range capacity battery packs, meaning the vehicle can drive further. This, however, means charging can take longer. A vehicle’s range depends on the type of driving conditions, and whether you continuously use the heater or air conditioner. You should assess if the EV you are interested in acquiring through a novated lease has higher cost options to extend the vehicle’s range.
Additionally, you may need to consider a faster charger if you’re time pressed. These can cost as much as $3,000, including installation costs, but with a considerably quicker charge time.