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EV Loan vs Petrol Car Loan: 2025 Cost of Ownership Comparison

We compare instalments, running costs, and incentives for financing EVs versus petrol cars so you can choose what fits your budget.

GURU Credits TeamPublished 18 Feb 2025Updated 18 Apr 20268 min read
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This article is general information, not financial advice. Loan approval depends on your profile and the lender.

EV Loan vs Petrol Car Loan: 2025 Cost of Ownership Comparison

EV vs Petrol: Which Loan Costs Less in 2025?

EV financing is evolving quickly thanks to federal incentives and banks launching green packages. Here's a side-by-side comparison using two popular models.

Loan Scenario

| Item | EV (RM180k) | Petrol (RM120k) | |------|-------------|-----------------| | Down Payment | 10% (RM18k) | 10% (RM12k) | | Loan Amount | RM162k | RM108k | | Interest Rate | 2.49% (green promo) | 2.90% | | Tenure | 9 years | 9 years | | Monthly Instalment | RM1,834 | RM1,257 |

Running Cost (Monthly Average)

| Cost Item | EV | Petrol | |-----------|----|--------| | Energy/Fuel | RM180 | RM550 | | Maintenance | RM120 | RM250 | | Road Tax | RM0 (exempt) | RM70 |

Net Effect: EV costs RM577 more in instalment but saves ~RM520/month in running cost, making total monthly cashflow almost equal.

Extra Benefits for EV Buyers

  • Up to RM2,500 bank cash rebate for installing in-home charger
  • Faster approval when pairing with Budget 2025 EV grant
  • Higher resale support from selected dealers (guaranteed buyback)

Checklist Before Financing an EV

  1. Confirm your condo/landed home allows charger installation
  2. Apply for Tenaga upgrade slots early (4–6 weeks lead time)
  3. Review insurance premiums—EV coverage costs 15–20% more

Need help comparing banks? Our consultants track every green loan promo.

Compare EV Loans Now →

GURU Credits Team

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GURU Credits Team

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Collective byline for articles written, reviewed, and maintained by the GURU Credits consulting team. Every article is reviewed by a senior loan consultant before publication.

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