With more focus on the environment, coupled with the ever-increasing cost of fuel, more and more people are opting to purchase EVs (electric vehicles) and hybrids. Whether you decide to purchase such a vehicle for economic reasons, ecological reasons or both, there are some things that you need to understand before you buy.
Emissions: The more carbon dioxide a car produces (CO2), the higher its emissions. As an example, a vehicle which produces 90g/km (90 grams of carbon dioxide per kilometre travelled), causes more damage to the environment than a car that produces 15g/km.
Fuel Economy: Hybrid vehicles function in a manner whereby they run off petrol in an extra-urban environment and electric in an urban environment. Whilst running off petrol the engine also recharges the battery, meaning that it never runs out. This means that whenever the car is being driven around town it is saving the owner money on fuel.
The major savings to be had are with an EV. On average, should you choose to purchase an EV, it will cost you half as much as running a vehicle using petrol. There is a great deal of variation here because the cost of charging varies according to when a vehicle is charged; for instance, it is far cheaper to charge at night than it is at day. Also, a person would need to consider the consumption of their current vehicle, compared to an EV, in order to accurately figure out how much money would be saved.
Range Anxiety: Range anxiety relates to concerns in relation to how far an EV can travel before it needs to be charged again. Whilst this will become less of a problem when networks develop and charge-points become commonplace, it is definitely something that needs to be considered by people who commute over long distances. Anyone travelling over a hundred miles in one journey, regularly, would become inconvenienced by an EV, with a hybrid vehicle being a better alternative.
Peripheral Savings: Focusing on the UK, there are considerable savings to be made if a vehicle’s emissions sit below the 100g/km threshold. If this is the case then the car qualifies for a green vehicle discount, is exempt from road tax, and also exempt from congestion charges within the City of London. So, whilst an EV or Hybrid might cost more initially, it will save a great deal in the long-term.