Friends With Money #253: Is it time to buy an EV?
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The war in Iran and resulting oil shortages are driving petrol and diesel supply anxiety in Australia, while more EVs from Asia, better home charging options, and typical fuel savings of $1200-$2000 per year are boosting interest in electric vehicle sales.
This week on the Friends With Money podcast, Money's managing editor, Vanessa Walker, is joined by motoring contributor and The Right Car host, Matt Campbell, to discuss the pros and cons of buying an EV.
Campbell explains the main barriers that held Australians back - price, range anxiety, resale and battery concerns, fit-for-purpose models, and charging infrastructure - then outlines what has changed, including emissions rules, improved plug-in hybrid and EV ranges, and growing price parity.
They cover economical charging (EV plans, solar and home batteries), insurance and resale considerations, suggested EV models across sizes, and why faster charging speeds are the next major battleground.
Episode timestamps
01:38 Why Aussies hesitated
03:14 Policy shifts and better range
05:23 Charging network bottlenecks
08:04 Cheapest ways to charge
09:19 Affordable EV price points
12:07 Must have features vs gimmicks
13:46 Hidden costs insurance and resale
16:01 Top picks small to large
18:27 Future faster charging tech
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Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
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