Electric vehicles (EVs) provide a more cost-effective fueling option compared to petrol-powered vehicles. In Singapore, the national average cost for public charging stations is $0.50 per kilowatt-hour. The estimated charging expenses are calculated based on raising the state-of-charge (SOC) from 20% to 80% via AC/DC charging. Thus, EVs offer significant savings on fuel costs, making them an attractive choice for consumers.