You’ve seen electric car charging stations popping up in gas stations and parking lots everywhere. You’ve heard the hype about how these energy-efficient vehicles are saving the environment. But would a battery electric vehicle (BEV) be right for your lifestyle?
BEVs work similarly to your laptop and other rechargeable devices. You plug the car’s power source into a charge point at home or in a station.
The electricity from that charger is sourced from a grid and stored in the motor’s rechargeable batteries. When you turn the car on, the motor kicks in and moves the vehicle.
Doesn’t it sound great to skip the line at the gas station and avoid those hefty fuel bills? In addition to saving you money, here are four other reasons you should invest in an electric car.
1. Electric Cars Are the Future
Move over, George Jetson. While the 21st century didn’t give us the flying cars we thought we’d have, sustainable automatic technology is here and on the rise.
Per market research, we see that sales of hybrid and battery-electric vehicles in America have risen nearly 50% from 2020 to 2021. Part of this is attributed to rising fuel costs, but much is due to the focus on “going green” and helping the environment.
The demand for electric vehicles ensures more gas stations and other businesses are adjusting their practices to accommodate your car. Don’t worry about finding places to charge up.
These vehicles are predicted to make up half of the new car sales annually by 2030, and brick-and-mortar companies who want to stay relevant will find ways to integrate charging stations.
2. It’s Cheaper to Operate Electric Cars
We’ve all seen fuel prices rise over the past two years, reaching record highs in October 2021 and then continuing to increase. Many people have compensated for this fuel spike by opting to use rideshares instead of owning a car, or moving to green transportation, like bikes.
Both of these can save you money, but they also increase your accident potential. Studies show that since rideshares came on the scene, car accidents have risen 2-3% yearly.
Biking and rideshares have other drawbacks. They’re good choices for nearby travel, but what if you want to take a road trip or head out of town for a while? It’s not economical to take an Uber or Lyft that far, and riding a bike hundreds of miles isn’t convenient.
You can save money and hit the road when you have an electric vehicle. because electric cars often get more than double the fuel economy of a gas-powered vehicle. Your fuel costs can be sliced by thousands of dollars a year.
The distance you can travel with your EV on a full charge depends on the car’s range, efficiency, and battery size. When you begin your search for the ideal electric car for your regular trips, those are the three factors to use to help you make your decision.
3. Less Time Maintaining the Car
Your gas-powered vehicle has dozens of parts that need to be monitored closely for signs of wear and tear. You’re probably in the auto repair shop a few times a year for oil changes, tire rotations, fuel filter replacements, and other essential maintenance tasks.
The electric motors don’t have as many moving parts. You don’t have to deal with regular oil changes, watch the transmission fluid, or add new spark plugs.
Even the brake pads don’t need to be replaced as frequently because they’re regenerative. That means they use some of the kinetic energy that would normally become heat and wear down the pads, turning it into electricity instead.
When you add up the money you’re saving by skipping the regular vehicle maintenance costs, it makes the idea of buying an electric car even more tempting.
4. You Get Money Back
Currently, there’s a government push to encourage vehicle buyers to purchase energy-friendly cars by offering federal tax credits. Depending on the automobile you buy, you can get up to $7,500 back when you file your taxes.
The vehicle must be all-electric or a plug-in hybrid version. The amount of tax credit you receive is based on the battery capacity of your car. Check with your state and local government to see if they offer any rebate or tax credit before you buy.
Ready to take control of your transportation and your wallet? Investing in an electric car gives you that power. You can go where you want, ignore the skyrocketing fuel prices, and delete your rideshare app.
While you’re saving money, you’re also helping the environment. It’s a winning scenario all the way around.
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