New electric vehicles are still quite expensive, but as time moves on we are seeing more and more of these vehicles enter the second-hand market place; and this means you are able to pick up an electric vehicle much cheaper than buying one new!
There are many considerations for why you would prefer an electric vehicle over a petrol model, but the main reasons most people have is:
- Cheaper running costs.
- Environmental concerns.
However, many people still have concerns about what it is actually like owning an electric vehicle, and while these are varied they usually fit into a couple of points:
- How far it can drive before needing a recharge?
- What are the charging options?
- The initial cost of the vehicle.
But many of these concerns are squashed after they own an electric vehicle, and there are few people that once they own one, would go back to driving a petrol (or diesel) powered vehicle, but for now, let's look at these points.
Initial Costs Of The Vehicle
If you are looking at buying one brand new, then you can expect to pay around $40k for an ‘entry’ model. Which if you take into account never having to pay for petrol again, it is not that bad. But it is also beyond the budget of most people.
A better option is looking for a second-hand electric car. For cars that have been on the road for around three years, you can expect to pay almost 50% less than the price of a new vehicle.
In fact, it has been noted that by the mid-2020s many electric vehicles will be cheaper than petrol-powered vehicles. This will most likely be due to changing environmental policies as the world changes toward cleaner living standards.
How Far Can They Drive?
This is a big concern when it comes to buying an electric vehicle, as we all know that if it runs out of charge, you will need to tow the vehicle, there is no such thing as walking to the service station to collect more electricity. The fear of running out and the availability of charge stations is hard to overcome. However, in a recent survey of owners, it was found that:
- Most drivers (around 95%) reported that they never ran out of charge while driving.
- Many drivers (nearly 80%) said that they had little or no concerns about how far the car was able to go before needing a charge.
- About half of the drivers (43%) said that they were driving more now when compared to the petrol car they previously owned.
What Are The Charging Options?
Many drivers have either had an EV station installed into their homes, or make use of free charging stations that are popping up at many places of business. Having a free charging station is a huge drawcard for many businesses as in general a car can take an hour or so to fully charge.
What Are The Benefits Of Owning An Electric Vehicle?
While most people only consider the two main points as discussed earlier, there are actually many reasons and benefits to driving an electric vehicle, some of these include:
- The average range of 480km (the average person drives 38km/day)
- Model selection is increasing as more cars are sold
- A 6% reduction in greenhouse gas production
- Savings of approximately $1500/year on fuel costs