If you look at any news recently relating to electric cars the tone seems to be negative. Stories continue to be reeled out about how public chargers are unreliable and the fact there aren’t enough of them. Then last week the Prime Minister announced that the Government’s policy to ban the sale of new petrol and diesel cars and vans by 2030 would be pushed back to 2035.
But don’t be unnerved by the headlines you read. Electric very much remains the future or motoring, we explain why below.
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Manufacturers have heavily invested in EVs
All car manufacturers across the globe have focused their research and development and production efforts on EVs. The delay to the ban on new petrol and diesel vehicles will change nothing for manufacturers. Most of whom already have targets to sell only new electric cars before 2030. Furthermore, new EV technology is continuously being developed. This includes more efficient batteries and features that continuously improve the value that electric cars deliver.
Electric cars are becoming much cheaper to buy
The focus on EV production has led to an oversupply of electric cars in the UK. This means they are more affordable than ever, with many models – both new and used – now priced at a similar level to petrol and diesel equivalents. Dealerships have had to lower the prices of electric cars to sell their stock. And lenders are offering cheaper finance deals for EVs to stimulate demand. So now is a very good time to buy an electric car on finance.
Electric cars are cheaper to run
If you are able to charge from home then electric cars represent the lowest cost form of motoring available. Not only is charging an EV generally cheaper than refueling a petrol or diesel car, but electric cars currently attract zero road tax costs. They also cost much less to maintain because they have fewer moving mechanical parts. EVs can however be more expensive to insure, but insurance premiums are generally falling for many models as the electric car market grows. Check out our blog on if now is the right time to buy an electric car.
The charge point infrastructure will improve
We are currently in a transition economy, whereby most drivers are still using petrol and diesel cars. Therefore the road and infrastructure network still remains geared towards combustion engine vehicles. But this will change over time with Government targets for there to be a tenfold increase in charge points in the UK by 2030. It is likely that local councils will come under greater pressure to roll out increasing numbers of charge points in residential areas also over the next few years.
Save the planet
It’s easy to forget the whole purpose behind why EVs have come into production in the first place. We are playing catch up for the decades of polluting and damage we have done to the planet. For car mobility electric battery power has proven to be the green technology of choice for cleaning up our act. We all have a social responsibility to reduce household emissions. So if it is practical for you to go electric then do so!
