A few decades ago, when the concept of electric vehicles was first introduced, it was not widely received. Some felt that electric vehicles would be the next best thing. However, most of the public saw them as having limited range, limited power, and a nerdy appearance. Now, things have changed. Electric vehicles are trendy. Their price is lower, their range has increased, and it is easier to charge an electric car at home. If you don’t have an electric vehicle, here are some reasons why you may want to consider getting one in the next ten years.
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Charge Your Car While You Sleep
There was a time when a home EV charging station was so expensive it was counterintuitive to install one. They would only work on certain cars, and they had to be hardwired into the house’s electrical system. Today, the modern generation of home charging stations works with many home outlets people already have. They are universal, so they work with almost every EV. This includes Tesla. And you can purchase a home charger for as little as a few hundred dollars. If the price and the flexibility of use were not good enough, many areas in the United States are offering customers rebates for using EVs and EV charging stations. The rebates come from utility companies or the government.
This means that current EV owners have what equates to an electronic version of a private gas station in their home. They can plug their car in, and it will start to charge at nighttime when electricity rates are at their lowest. According to the Department of Energy, the cost of charging an EV at home is close to what you would pay to run your AC unit. All of these benefits are being seen today. One can only imagine what stride will be taken over the next couple of years as electric vehicles become more popular.
Is It Cheaper to Fill up with Electricity?
When compared to gasoline, charging the battery of your electric vehicle is less expensive per mile. Depending on where you are in the United States, the cost of gas fluctuates. On average, you will spend 50 percent less using an electric vehicle than a gas-powered vehicle. While on the topic of cost, electric vehicles are cheaper to maintain because they use a low-maintenance electric motor as opposed to a combustion engine. It is estimated that owners will save close to $4,600 in maintenance costs over the life of a vehicle if they have an EV instead of a gas-powered car.
The upfront cost of purchasing an EV is still more expensive than its gas counterpart. However, if the way EV prices have fallen over the past few years is any indication, it is fair to expect that EVs will have a comparable price to a gas engine vehicle or be less expensive over the next ten years.
Go Farther on a Charge
One of the biggest impediments to purchasing an EV for many people was their limited mile range. Most people who commute within their city will not travel 300 miles in a day. However, newer models of EVs are pushing 300 miles per charge. With an EV, you can get wherever you need to go, go back home, charge your vehicle, and start the process all over again. It is expected that over the next few years, batteries will last longer, and charging will be quicker. Right now, many vehicles allow you to charge the battery up to 80 percent in as little as 30 minutes.
There are some concerns about the batteries used in EVs. Professionals evaluated current battery recycling scenarios and then discussed companies working on improving the quality and safety of batteries. It is a positive thing to see that there are several companies focused on improving battery safety and longevity in places like India and other parts of the world. It will be interesting to see the advances in EV batteries over the next ten years.
EVs have come a long way in the past few decades. If you are considering a new vehicle in the next ten years, there are many reasons to give real consideration to EVs.
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