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Is now the right time to buy an electric vehicle?

  • Published By
  • Last Updated

    June 18th 2026

Petrol prices aren't getting any friendlier, government incentives are still on the table, and EVs are no longer the futuristic novelty they once were – they're parked in driveways all over Australia. If you've been on the fence about making the switch, here's everything you need to know.

1. Petrol prices are high – and staying that way

If you're filling up regularly, you already know the pain. Australian petrol prices have remained stubbornly high, and with global supply uncertainty showing no signs of easing, there's little relief on the horizon. Meanwhile, EV drivers are charging at home at a fraction of what you're paying. Over the life of a vehicle, an EV could mean potentially tens of thousands of dollars back in your pocket. 

2. Government incentives are available – but may not last

Federal and state governments are currently offering a range of EV incentives designed to make the switch more accessible. The key word here is 'currently'. Incentive programmes are subject to change, and waiting could mean missing out on thousands in savings that are available right now.

3. EV charging stations are multiplying

The fear of running out of charge before reaching your destination used to be one of the biggest barriers to going electric. Not anymore. Australia's public charging network has grown significantly in recent years, with fast chargers now appearing along major highways, in shopping centres, and at workplaces across the country.

Electric vehicle benefits: What you actually get when you switch

So, how is this really going to benefit you in the long run? Fair question. While making the switch does take a bit of adjusting, for most people, the positives may outweigh the negatives. Here's what you're actually signing up for:

  • Lower running costs

  • Better for the environment and your conscience

  • Quieter, smoother, surprisingly quick

Pro Tip

If you're not ready to go fully electric, a hybrid vehicle could be a smart middle ground. You get improved fuel efficiency and lower emissions with less reliance on charging infrastructure. And here's a bonus: Wisr is offering a 0.50% rate discount on EV and hybrid car loans, making the switch even more affordable.

Is an electric vehicle right for you?

The honest answer depends on your situation. If you do a lot of highway driving between regional areas without reliable charging access, a hybrid might be the smarter short-term move. But if you're a city or suburban driver who covers smaller distances each day and especially if you can charge at home, the case for going electric has never been stronger.

Take a moment and imagine yourself in a year's time: significantly lower running costs, money saved on fuel costs, and the smug satisfaction of knowing you're doing your bit for the planet. Plus, right now you'll get a 0.50% rate discount on your Wisr car loan just for choosing an EV or hybrid. Sounds pretty good, right? That's exactly what you get when you make the switch.

Disclaimer: This content is for informational purposes only and does not constitute financial advice, nor should it be relied upon as such. Readers should seek independent professional advice tailored to their financial situation before making any decisions.

Did you find this content helpful?

Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.

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