Let’s talk about money.
I think I’ve outlined a pretty good
case for EVs so far and it seems that a lot of governments and authorities
agree with me. For example, in the UK, if you purchase an electric car you get a grant
of 35% of the vehicle’s cost up to £4,500. Furthermore, you’ll be exempt from paying
the congestion charge in London and can effectively get preferential parking
within the city.
When thinking about the cost of car ownership, it’s not just
the capital expenditure but also the running costs and other ongoing costs that
must be considered. To this end, EVs are an attractive proposition as the price-per-mile
tends to be lower than that of ICE vehicles.
To put it another way, in the
main, it costs less to recharge a day’s electric driving than it does refill a
day’s petrol or diesel driving.
Whilst the cost
of new batteries is significant, general maintenance on an electric motor
is less costly than a traditional engine vehicle as there are fewer moving
parts, less heat is generated and fewer fluids (such as oil and coolant) are
required for EVs.
So as far as reasons to buy an EV go, it’s clear that there
are financial benefits to doing so!
It should be noted that if EVs ever do
become the norm, it’s likely that there will be fewer reward-type incentives as
these are generally aimed at early-adopters for whom it is recognised that
there is perhaps increased uncertainty and a greater sense of financial risk as
buyers are dealing with a new technology and must place faith more faith in the
assertions of others than their own experience.
So if you’re in the market, buy
one now before the early-adopter rewards go away!
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