Are Electric Vehicles Really Worth the Investment?

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Fact: there has been unprecedented growth in the electric vehicle industry over the past decade, with the Australian market featuring nearly 100 models of electric vehicles with dozens more sub variants.

These models include the whole array of vehicle categories capable of keeping up with specific customer demands. From sedans and vans to utility vehicles and hybrids. 

With the electric vehicle being the shiny new poster child in the automobile industry, many sit back and wonder: are EVs really all they’re made out to be? Is owning an EV always ever going to be a good thing?

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Are Electric Vehicles Really Worth the Investment?

 

Are Electric Vehicles Really Worth the Investment?

With electric vehicles having a higher average starting price than traditional diesel-powered cars, there’s a definite sacrifice you’re making financially when opting for this vehicle.

But overall, we believe that the pros outweigh the cons and that electric vehicles are truly deserving of the hype they receive in Australia and beyond.

Ready to learn more about EVs? We got you! Let’s look into six indisputable benefits of owning an electric vehicle.

 

What Makes The EV Worth It?

EVs have a lot of features that set it apart from traditional gas guzzlers. Here are the benefits of owning and driving one in the modern Australian context.

 

1. It Reduces Your Carbon Emissions

It’s no secret that gas-powered vehicles emit non-renewable fossil fuels into the air, contributing to a significant chunk of air pollution.

In contrast, electric vehicles (EVs) offer a cleaner, more sustainable mode of transportation. They are entirely battery-powered, meaning that they don’t emit any smoke or exhaust whatsoever. 

By switching to an EV, you’re greatly reducing your annual carbon footprint, which can largely lead to less greenhouse gas emissions and air pollution. 

This shift is especially vital in today’s context, where the world is seeing unprecedented changes in weather and climate patterns everywhere, including Australia.

Choosing to drive an EV means taking a stance on climate change, especially if you plan to use it for the entire duration of its lifespan.

That said, it’s still worth noting that the manufacturing process of the car battery poses a significant risk to the environment as it generates a lot of energy. 

Improperly discarded batteries can also harm wildlife and the environment, so be sure to uphold proper disposal practices when your car is unsalvageable.

 

2. Quiet and Smooth Driving Experience

You can’t appreciate the quiet driving experience of an electric vehicle until you’ve actually been in one yourself. The contrast in sounds between driving in a gas-powered vehicle versus driving in an EV is like night and day.

The reason behind the relatively silent driving experience is, of course, the lack of an engine. 

But the lack of a constant mechanical hum isn’t the only thing you’re free from the shackles of—you also won’t feel the mild but prevalent car jitters that are infamous in almost all gas-powered cars.

If you appreciate driving or riding a car in peace, an EV is something you should definitely consider getting.

 

3. You Get Government Support Through Grants

In countries like Australia and the UK, the local government has incentives for people looking to purchase a brand-new electric vehicle. 

For instance, the NSW council offers interested EV buyers a chance to join the Electric Vehicle Rebate program

This program grants $3,000 rebates for the first 25,000 new battery electric and hydrogen fuel cell vehicles purchased with a rate of less than $68,750.

In the UK, it’s the same story. The seller already automatically applies these grants to the purchase price of eligible vehicles.

These discounts can make getting an EV more accessible. Which makes achieving all the other benefits of owning an EV within the grasp of everyday people.

 

4. Infrastructure for EVs is Continuously Growing

If you’re having a holiday in Australia, it’s no secret that the land down under is connected with miles upon miles of highways and motorways. 

And if you have previously feared getting stranded with a dead battery in the middle of nowhere, then worry no longer.

According to ROLLiN’, you can use an app like PlugShare to find charging stations near your general vicinity. As long as you’re connected to the Internet, you can mark these charging ports, see their charging level, and form a route to go to this charging station when you need to.

Furthermore, more and more EV stations are being built and upgraded every day. Level 6 charging ports that can bring battery levels from 0 to 100 in 15 minutes are starting to get installed (or are already located in key places) on highways and motorways across Australia. 

For comparison, the standard household EV charger takes about five to 16 hours to fully charge the vehicle. But in most busy districts, you’re bound to find a public EV charging port of Level 2 or higher. Some even promise blazingly fast charging speeds of less than an hour.

 

5. You Save More Money in The Long Run

While the initial price of buying an EV is expensive, the running cost of operating and maintaining the vehicle is much lower throughout the years. The repair cost can be as low as half as much as the average gas guzzler’s mechanical repair expenses.

This is because of a couple of reasons. One, an EV has fewer mechanical components than a gas-powered vehicle. This translates to fewer chances of things breaking or becoming inefficient for years to come.

Secondly, you’re spending a whopping zero dollars on fuel costs. The car is run primarily on battery, which is a great way to avoid the exorbitant gas fees that gas car owners have to pay.

Over the car’s term, you’re likely matching the cost of gas-powered cars or saving even more money through ownership of this kind of vehicle. All while enjoying the other benefits associated with it.

 

6. New Technological Features

Electric vehicles are undoubtedly at the forefront of automobile technology. Their low climate impact makes it a good option for people who are conscious about the environment. 

The environmental-friendliness of this type of vehicle also makes it more reputable in the eyes of government officials and investors. 

Considering its esteemed reputation in the modern day, manufacturers are highly incentivised to consider installing new features and innovations into their new models. 

From autonomous driving capabilities to voice control features, various technological integrations have been added over the years. All these have improved the quality of life of consumers of this vehicle. And it’s not stopping there.

The relentless competition among other EV competitors helps accelerate the innovation churn of these vehicles. Thus giving consumers plenty more options for vehicle models that fit their standard qualifications.

 

Is Owning an EV Worth It?

 

The benefits above present a compelling case for environmentally-conscious folks who have the funds and need private transportation to get to places.

From reduced carbon emissions to a smooth and tech-forward driving experience, an electric vehicle provides numerous benefits to its primary users.

While it’s riddled with positives, it’s not quite the perfect technology just yet. The manufacturing process of EV batteries still emits a lot of energy and expends non-renewable mined resources. 

The price may also be too steep for some, even with grants.

Having said that, if you want to future-proof your mode of transportation and have the funds to buy an EV, then we’d say buying and owning an EV is absolutely worth its weight in gold.

 

 



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