Electric Vehicles – is now a good time to buy one?

electric vehicle
Dean Quinto0 Comment

Electric vehicles account for a very small proportion of vehicles sales in the United Kingdom.
Latest figures from the UK’s Society of Motor Manufacturers and Traders (SMMT) show that pure electric cars, hybrids and plug-in hybrids make up just 8% of new car registrations nationally.

This low figure might well be due to the inadequate charging infrastructure that we have in the UK.

When can drivers switch to buying electric vehicles?

While UK sales of electrical motors are small compared with conventional vehicles, this will change because the government has declared that all vehicles sold from 2040 cannot be petrol or diesel. But, drivers who switch now may reap notable rewards immediately.

It is no news that a battery pack and electric motors powers electric vehicles. As a result, they emit no toxic pollutants on the road.

The reduction of harmful pollutants is a major reason for drivers to switch to Electric Vehicles. Also, these electric vehicles are excluded from certain levies and taxes introduced in Britain.

Also, buying electric cars will reduce motoring cost for drivers. Researchers at the University of Leeds reviewed the total cost of owning a vehicle in the UK between 1997 and 2015. They realised that over a 4-year period, the cost of owning an electric car is cheaper than a diesel or petrol car.

Are electric cars expensive?

Yes, electric cars use expensive batteries, materials, and advanced systems. Nonetheless, the price is decreasing gradually, as car makers now have a way to cut manufacturing costs.

In addition, the government has given users of electric car incentives like the Plug-In Car Grant. The grant gives about £4500 off new vehicles. While this may stop in 2020, a current government report indicates that as the industry advances, increased competition will cut costs.

Does fuel cost more?

Apart from the sale price, fuel is the largest motoring cost for some people. As a result, electric vehicles have a major advantage over current rivals.

Furthermore, electricity is charged at a lower rate than diesel or petrol. Also, electric vehicles are effective, extracting energy from same units of fuel than others.

And other costs?

With less moving parts, electric vehicles are less expensive to maintain than normal cars. In addition, EVs get through consumables slowly than conventional models. But, 80% of the qualified electric car technicians are employed in manufacturer licensed dealerships, which are more costly than independent garages.

Are there any downsides?

There are disadvantages to driving an electric car. One major downside is the lack of range. Electric vehicles can travel between 90 and 200 miles, but it depends on the driving conditions and models. What this means is, longer trips drivers must stop during trips to charge their battery.

In 2017, the United Kingdom had registered 133,670 electric vehicles, with just 13,534 charging points. It means every 9 cars to one charging point.

Also, several electric car owners say that they wait for hours just to plug in and charge their car. While many electric vehicles are charged at home, not every UK properties are ideal for home charging.

Before you decide to buy an electric vehicle, the above evaluation will help you make the right decision, however you might feel that you want to wait and see before you jump in and buy.