Assumptions:
Calculation and most data based on TCO/RVO or ANWB
Depreciation and interest: based on 50% over 5 years at 8% interest
Based on an average of 15,000 km per year
Private
Petrol XC90 (2000-2014)
Fuel costs: consumption approximately 1 litre per 8 km, average petrol price of €2.30/litre over 5 years. Total: €360/month.
Maintenance: estimated at €1,250/year = €104/month.
Road tax: €123/month, based on 2,040 kg in Noord-Holland.
Depreciation and interest on car: based on €7,500 = €90/month.
Insurance: €82.50/month on average (TCO/RVO). Can be lower depending on coverage and claim-free years.
Total: €759/month
Greentimer XC90 (2000-2014)
Depreciation and interest on conversion costs: approximately €390 (ex VAT)/month depending on battery pack. Including VAT: €470/month. Additional options have limited cost impact.
Depreciation and interest on car to be converted (€5,000): €60/month. Slightly lower than the €7,500 used for petrol, as diesel cars or cars with engine or gearbox issues are often considerably cheaper.
Energy costs: approximately €0.23/kWh (based on 100% home charging, no solar panels, no smart charging, no dynamic tariff). Consumption approximately 1 kWh per 4 km. Based on 15,000 km/year = €72/month.
Maintenance: 25% higher than new electric (based on TCO/RVO) = €500/year = €42/month.
Road tax: with the 30% discount, average road tax over the next 4 years (large battery pack) = €100/month. Small pack: €88/month.
Insurance: same.
Total: €825/month
Used electric car (example: Tesla Model X or Y)
Depreciation and interest: based on €38,000 = €454/month.
Energy costs: approximately 1 kWh per 6 km = €48/month.
Maintenance: same as Greentimer = €42/month.
Road tax: €86/month.
Insurance: same.
Total: €712/month
New electric car (example: Volvo EX90)
Depreciation and interest: based on €83,500 = €997/month.
Energy costs: approximately 1 kWh per 4.5 km = €64/month.
Maintenance: €34/month (based on TCO/RVO).
Road tax: €113/month.
Insurance: same.
Total: €1,291/month
Total monthly costs:
Petrol XC90: €759
Greentimer XC90: €825
Used electric: €712
New electric: €1,291
Business
When a car is purchased through a business, all costs can be deducted, including 100% depreciation and VAT. The VAT deduction makes Greentimer €60 to €85 per month cheaper, as VAT generally does not apply to most second-hand (electric) cars.
With the youngtimer scheme, the 'bijtelling' is considerably more favourable compared to used or new electric
Net 'bijtelling' per month, based on tax bracket 2:
Petrol XC90: €72 (based on €5,000 WEV)
Greentimer XC90: €144 (based on €10,000 WEV)
Used electric: €454 (based on €50,000 catalogue value)
New electric: €758 (based on €83,500 catalogue value)
Including all tax benefits, net monthly business costs are approximately:
Petrol XC90: €411
Greentimer XC90: €393
Used electric: €689
New electric: €1,013
This makes Greentimer a very compelling financial choice as well.
Note: the tax benefits and benefit-in-kind rules mentioned are specific to the Netherlands. For questions about the situation in your country, please get in touch.