5 Pros And Cons of Electric Cars | E-Cars | Electric Vehicle
Electric Cars are on the verge to become the new normal (in the countries
where people can afford them). This is primarily
due to the fact that many people have become more environmentally conscious
(and also want to stand out from the rest of the crowd).
American automaker Tesla along with it's Chinese competitor BYD (acronym for
"Build Your Dreams") are currently the most popular Electric Car
manufacturers. Their stocks are booming. It was recently announced that
Tesla is the world's most valuable car brand surpassing Toyota. Such is it's
popularity among investors that it is set to be included in the S&P 500
index of the NYSE (Stocks which are consistently profitable are included in
this index).
Since electric cars are going to be more prevalent, there are certain
aspects which you should consider (and certain issues you have to deal
with) while buying your first electric car.
Pros.
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Easy maintainability:
Electric Cars can be more easily maintained than a normal vehicle.
This is because electric cars don't run on fuels
such as gasoline and diesel. They run on batteries which need
to be charged regularly for usage. Once its lifetime has been
elapsed the batteries need to be changed. Another feature of some electric
cars is duality. These cars known as
Hybrid Electric Vehicles or HEVs can run on both electricity and on
gasoline.
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Image Source - Google | Image by - By The Pueblo Chieftain |
Tax Benefits:
You'll get a $7500 tax credit if you are an original owner of an
electric vehicle. This is an incentive by the government to promote the use
of electric vehicles, as environment-friendly sustainable technology is the
way to go.
Cost Efficiency:
As mentioned above electricity costs for electric vehicles is almost
$4 less than a car using gasoline. This saves you a lot of money annually.
Since you will charge your vehicle at you garage primarily, you can also
install a solar panel at your home to save further money.
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| Image Source - Google | Image by - amazon |
No Noise:
Electric Cars are very quiet. When you are stuck in a traffic jam
the hum of engines of surrounding cars creates a lot of headache, if many
people start using electric cars then a lot of issues can be resolved
quietly.
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| Image Source - Google | Image by - ways2gogreenblog.com |
Environment Friendly:
Electric cars go very easy on the environment. Since there are no
gases coming out from the exhaust the emissions are zero. By making the
switch to an electric car you can effectively control air pollution. Hence
making your contribution towards a clean and healthy atmosphere.
Cons.
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Short Range:
Most Electric vehicles have pretty short ranges and this is something
which the Car manufacturers are currently working. For Customers this proves
to be a major deal breaker. hence it hinders many of them to buy electric
cars.
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Image Source - Google | Image by - pocket-lint.com |
Charging Station:
If you are living in a town or city where electric vehicles are not
very prevalent then you are going to face a tough time. You will have to
take the charging kit with you wherever you go (not to mention to keep the
kit charged). In cities with many electric cars you may have to wait in long
queues at charging stations. This proves to be a major drawback.
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Recharging:
Unlike conventional cars where you just fill up your tank and drive
away. You may have to wait for a substantial number of hours in order to
restart your vehicle. In top models the recharge time is of about 4 hours
and in some lower and antiquated models it may even take 15 to 20 hours.
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Initial Investment:
Electric Cars are not exactly budget friendly, in fact they were never
meant to be. The starting range of most electric cars is between $30,000 to
$40,000. The top models range from $70,000 to $200,000 (the most is the
'2020 Aston Martin Rapide E' which costs $255,000). Manufacturers are
working to build a more scalable business model. But unless people don't buy
more electric vehicles this is going to remain an issue.
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| Image Source - Google | Image by - tesla.com |
Less Variety:
There are not a lot of electric car models today, sure we do see a lot
of new launches every day but still it lags behind comparatively. You can
take the example of Tesla's Cybertruck, it has received mainly polarized
reviews since its launch. That arises from the fact if someone wants to buy
an electric truck from Tesla this is his/her only option. People generally
prefer brands that offer a lot of options and variety in their products.
Gradually I think we will definitely see a lot more diversity in both Brands
and Models of Electric Cars.
Norway is closing in on a 80% EV market share at the moment. The last couple of months 70% of all new cars has been electric, and this number is steadily increasing every month. Wouldn't surprise me if we have 90%+ by the end of next year. With long distances being a thing in Norway, short range EV's are only usable in the cities, but with increasing capacities of up to and above 600 km in one charge, the sales of EV's are skyrocketing. I'm still one of those with an old combustion engine though, but next year ... ;) ev charging cable
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