Now that the fuel price has rocketed to a record level - you may be tempted to consider an electric car instead.
“Electric vehicles are very exciting and one of the biggest expected changes in the automotive sector. In addition to being much 'greener', they have around 30 times fewer working parts which boasts obvious benefits in manufacture, maintenance and reliability,” said Michael Muller, co-founder and managing director of CarZar.co.za.
While we are seeing a spatter of electric vehicles entering our markets, South Africa is still a long way off from seeing electric cars in every garage.
"Adoption will happen first in the most developed, densely populated cities with the highest regulatory incentives (emission controls and tax incentives for consumers and producers)," Muller said. "Even now, adoption in developed markets is still being driven almost solely by emissions regulations and not yet market demand. This will drive the R&D and scale to make it commercially economical for adoption in South Africa, but this will take a long time."
But would you get more bang for your buck by ditching petroleum and switching on your garage plug point?
It is significantly cheaper to get your car going with electricity than petrol.
Assuming an annual distance of around 20,000 kilometres, and a decent consumption rate of 8 litres of petrol per 100 kilometres, you are now looking at R27,328 (inland) and R26,384 (coastal) a year for petrol.
Compare this to the BMW i3 (94 Ah), which runs with a consumption rate of 13.1kWh/100 km and can drive up to 200km per charge. The means it can use 2,620 kWh of electricity over 20,000km.