certainly! It is commonly believed that despite the high initial cost associated with purchasing an electric vehicle, the long-term benefits and savings can offset this upfront investment. One of the primary factors contributing to this is the significantly lower operational costs of electric vehicles compared to traditional fossil fuelled powered vehicles. Electric vehicles have fewer moving parts, which results in lower maintenance expenses over time. Additionally, the cost of electricity is generally more stable and predictable than the fluctuating prices of petrol and diesel, providing owners with a more consistent budget for energy.
Moreover, many governments and local authorities offer incentives and rebates for purchasing electric vehicles, further reducing the overall cost of ownership. These incentives can come in the form of government grants for chargers, car swapping, no fees for congestion zones in city centres, free car tax every year, Free parking in some areas, and cheaper home charging tariffs(off peak overnight charging), all of which contribute to making electric vehicles a more financially attractive option in the long run.
In terms of environmental impact, electric vehicles are also more sustainable than their fossil fuel counterparts. With zero tailpipe emissions, electric vehicles help reduce air pollution and greenhouse gas emissions, contributing to a cleaner and healthier environment for all. As the world shifts towards renewable energy sources, the carbon footprint of electric vehicles will continue to decrease, making them an even more eco-friendly choice for conscientious consumers.
When considering the total cost of ownership over the lifespan of a vehicle, including fuel, maintenance, incentives, and environmental impact, it becomes clear that the high initial cost of electric vehicles can indeed be balanced out by the long-term savings and benefits they offer. As technology advances and economies of scale drive down production costs, electric vehicles are becoming increasingly competitive with traditional vehicles in terms of affordability and overall value.
For instance, during off-peak hours, charging your car overnight typically costs between £8-£10 for a full charge (220 miles) based on your electricity rate. In comparison, a petrol or diesel vehicle would require around £45 for the same distance of 220 miles. The difference in costs for the mileage alone demonstrates significant savings, even better if you charge with solar !
For example, If you travel 220 miles every week for a year using an electric vehicle, you might be looking at a potential saving of roughly £1820 annually.
Its also worth reminding that the re-sale value of an electric car will be significantly higher in comparison due to all NEW petrol and diesel vehicle sales being banned from 2035.
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ABOUT US
We Are Working Hard to Give a Clean Air Future for Our Children!
With over 35 years in the industry, Crystal EV Charging, Part of Crystal Electronics Ltd Family has taken pride in offering the highest head-of-class Electrical Installations, Solutions and Maintenance packages in the industry.
Experts in the areas of…
EVC Units
Data Networking
IRS systems
CCTV
Electrical
Door Entry
Alarm systems
Digital TV installations
- Our licenses range from NAPIT, EVCIA, SMAS, Constructionline Gold member, and Safe Contractor Approved and many more.
- We have also been awarded ‘Go Ultra Low Company’ status in recognition of how plug-in cars and vans form an increasingly important part of our fleet!
