Are you considering purchasing an electric vehicle (EV)? This environmentally friendly choice has several advantages for both the environment and the customer. Most of the benefits of electric cars usually get unnoticed. In today’s blog, you’ll learn about the benefits of Electric Cars, not only about the environmental perks, but also on how they affect your budget. So if you’re into EV’s keep reading our guide to get off on the right foot.
There’s more than Just Environmental Benefits of Electric Cars!
Since the first models hit the road, electric vehicles (EVs) have gone a long way. The latest EVs are sportier, more cost-effective, and can travel further on a single charge. Furthermore, the vast range of vehicles provides clients with additional options when it comes to purchasing a vehicle that fits their lifestyle.
1. Less petrol needed
Using more energy-efficient automobiles, such as hybrid and plug-in electric vehicles, is critical to maintaining the beneficial trend of reducing imported petroleum. This benefits the US economy and diversifies the US transportation fleet. Using an energy source such as electricity for transportation also generates a resilience benefit. The employment of diverse fuel sources in the creation of electricity results in a more secure and locally generated energy supply for the electrified mobility industry. All of this contributes to our country’s energy security.
Even with hybrid electric vehicles (HEVs) you’ll see benefits of electric cars. They consume less gasoline than comparable conventional cars because they use electric-drive technology to improve vehicle economy through regenerative braking—recapturing energy that would otherwise be wasted while braking. Plug-in hybrid electric cars (PHEVs) and all-electric vehicles (EVs), also known as battery electric vehicles, are both capable of being fueled exclusively by electricity generated in the United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar energy.
2. Tax credits
For all new EVs, another of the best benefits of electric cars are tax credits. A federal tax credit of up to $7,500 is available for up to 200,000 EVs manufactured by a single manufacturer. The tax credit is reduced by half ($3,750) in the second quarter after the limit is reached, and then by half again for the next two quarters. The manufacturer’s tax credit is then terminated. For the most recent tax credit amount, contact the EV manufacturer.
3. Fewer emissions
Electric vehicles are a terrific alternative for anyone who is concerned about doing their part to protect the environment. Even after accounting for the batteries, research shows that electric vehicles release fewer greenhouse gases and air pollutants than gas-powered automobiles. Though some of the battery’s energy is derived from fossil fuels, EVs emit substantially fewer emissions to charge up than a normal gas-powered automobile during its lifespan.
Energy experts think that if EVs become more energy renewable in the next years, their emissions rates may be lowered by up to 75% by 2050. Currently, the average EV in the United States produces around 200 grams of CO2 each mile driven. In comparison, the average automobile produces roughly 404 grams each mile.
4. Less operation costs
As we told you already, there are more than just environmentally benefits of electric cars. Electric automobiles have a great influence not just on the environment, but also on your wallet. EVs cost substantially less to run than gas-powered vehicles, sometimes less than half in some jurisdictions.
More specifically, the average cost of using an EV is around $485 per year, but the average cost of its equivalent is far over $1,000. The price variations will vary depending on the gas and electric prices in your area, as well as the sort of car you drive.
5. Performance & comfort
Unlike other vehicles, EVs accelerate quickly and do not require gear adjustments. They can provide 100 percent torque right away. You’ll see that numerous EVs can accelerate from 0 to 60 mph in 6 seconds or less, with the Tesla Model S P100D reaching 60 mph in 2.5 seconds, making it one of the world’s quickest production automobiles.
EVs also handle exceptionally well, with batteries distributed uniformly beneath the floorboard, resulting in a low center of gravity and optimum balance. These characteristics, as well as the ability to recharge using braking energy, a technology known as regenerative braking, make EVs sporty and efficient automobiles, particularly in cities.
The batteries also provide a more quiet and pleasant ride than conventional combustion engine cars. And the combination of the electric motor’s low to no vibration and the lack of a gear shift results in a comfortable ride.
PHEVs and EVs benefit from flexible charging. Because the electric grid is accessible to most parking lots, they may charge overnight at home, as well as at a multi-unit apartment, business, or public charging station when one is available. PHEVs provide greater versatility because they can be refueled with gasoline or diesel (or, in the future, alternative fuels).
Public charging stations, or EV supply equipment, are not as common as petrol stations. However, manufacturers of charging equipment, automakers, utilities, Clean Cities coalitions, municipalities, and government agencies are creating a national network of public charging stations at a rapid pace.
7. Less maintenance costs
Electric motors have fewer moving components and never require oil changes, spark plug replacements, or fuel filters. By using the electric motor to slow the car, regenerative braking also improves the lifespan of brake pads. This usually equates to cheaper total maintenance expenses and more savings. Our electric car overview discusses the numerous benefits of the various electric car models in detail.
8. Energy supplier deals & plans
Many electric providers provide particular time-of-use prices that change according to the time of day when energy is consumed. Off-peak rates provide significantly cheaper charging prices, and electric vehicles may be configured to charge whenever you want. Combine these cheaper rates with the ease of charging an electric vehicle for significant fuel savings.
On the other hand, you can just skip charging your phone at night and charge it whenever you need it with a fixed energy deal. That way, regardless of the time of the day, you’ll make sure you have a stable kWh rate throughout the whole term of your contract.
We can help you with this. If you’re looking into securing your energy rates, make sure you check out our website and find the one that works best for you!