Electric Cars: An Awesome Alternative!
By: Abu Abdirahman
Tags: Electric Car, Car Dealers, Tesla, New Tech Review

Firstly, why is it necessary to replace my previous Ride with a non-gasoline(Electric) powered one?. Well, we can have our trust in this tech with a series of observations:

In 1884, over 20 years before the Ford Model T, Thomas Parker built a practical production electric car in London using his own specially designed high-capacity rechargeable batteries. Electric cars were among the preferred methods for automobile propulsion in the late 19th century and early 20th century, providing a level of comfort and ease of operation that could not be achieved by the gasoline cars of the time. The electric vehicle stock peaked at approximately 30,000 vehicles at the turn of the 20th century.

From 2008, a renaissance in electric vehicle manufacturing occurred due to advances in batteries, and the desire to reduce greenhouse gas emissions. Several national and local governments have established government incentives for plug-in electric vehicles, tax credits, subsidies, and other incentives to promote the introduction and adoption in the mass market of new electric vehicles, often depending on battery size, their electric range and purchase price. The current maximum tax credit allowed by the US Government is US$7,500 per car. Compared with internal combustion engine cars, electric cars are quieter and have no tailpipe emissions and lower emissions in general. In January 2019 and updated in April, a Reuters analysis of 29 global automakers concluded that automakers are planning on spending $300 billion over the next 5 to 10 years on electric cars, with 45% of that investment projected to occur in China.

And there is a broad consensus that the penetration of electric vehicles (EVs) will rise throughout the world, but great uncertainty as to the timing and extent.

Many countries have set goals to ban the sales of gasoline- and diesel-powered vehicles in the future, notably: Norway by 2025, Denmark by 2030, China by 2030, India by 2030, Germany by 2030, France by 2040, and Britain by 2040 or 2050. Similarly, more cities around the world have begun transitioning public transportation towards electric vehicles than previously was the case.

Okay, enough of the talk, How can I lay my hands on one?!

Just like our conventional cars, getting an Electric car can never be easier! Talking of owning an Electric Car would be under two headings: The Immediate Cost of Purchasing an EV to that of the Conventional Cars. And secondly, the cost of maintenance of either of them.

Their Immediate Costs:

Even though the Nissan LEAF has a base MSRP of $29,990, more car buyers are interested in Tesla, which just increased the price for the most affordable version of Model 3 from $38,990 to $39,940. Electric cars make up around 2% of car sales, and the majority of the market share in Tesla, according to Cox Automotive’s research.

Between 2010 and 2016, the cost of electric car batteries went down by over 70%, lowering the average transaction cost for electric cars. Nissan LEAF prices have decreased by 2.5% since 2012, while combustion engine cars like the Nissan Maxima have increased by 7.5%, closing the cost gap.

The cost gap between electric models and gas models is beginning to shrink, according to Rachelle Petusky, the manager of research and market intelligence for Cox Automotive Mobility. And that shift is going to accelerate. “Going to be even more so the case in the next two to three years,” she said.

From this solemn price analysis, it’s a great idea to order your electric car, not convinced?!, let’s take look at their maintenance.

Their Cost of Maintenance:

Regardless of the type of vehicle, you are looking to purchase, there are several costs associated with car ownership. Choosing an EV over a conventional, internal combustion engine (ICE) vehicle can result in significant long-term savings. If you are considering purchasing a new car and are also looking at an electric vehicle as a serious option, it is important to understand where your costs will come from, and how an electric vehicle can lead to different sources of spending and saving when compared to conventional ICEs.

A 2018 study from the University of Michigan’s Transportation Research Institute found that electric vehicles cost less than half as much to operate as gas-powered cars. The average cost to operate an EV in the United States is $485 per year, while the average for a gasoline-powered vehicle is $1,117.

EVs aren’t without expenses, however. The largest possible maintenance expense for an electric vehicle is a replacement battery pack. Unlike a conventional battery, EVs have large, complex rechargeable batteries that are drained and recharged constantly, which leads to degradation and range loss over time. In the rare case that your EV battery is defective and needs replacement, manufacturers will often cover that replacement with a battery warranty. However, if your car is not under warranty, replacing your EV battery is an expensive bill. The vast majority of EV owners won’t have to replace their car’s battery, but it is a risk you run when operating an electric car.

Alright, folks, that’s it for the enticing Electric Ride, and with all said, sure you’ll go for an EV of yours, setting the pace for others to follow.

See you on the other side!