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Blog Post Monday 16 January 2017

5 Reasons You Should Take Electric Cars Seriously

5 Reasons You Should Take Electric Cars Seriously

As technology advances rapidly, hybrid and electric vehicles are now offering features and performance that rivals, or even outperforms, their fuel-driven counterparts. In fact, just this month, Faraday Future unveiled a new self-driving electric car that can accelerate from zero to 60mph (97km/h) in just 2.39 seconds!

Not only is the price of batteries plummeting, but electric cars are able to travel for longer without having to be charged and there are more and more charging stations popping up in all kinds of places. Improvements in technology have also resulted in improved safety in electric vehicles, as well as positive health benefits of driving electric cars over petrol and diesel-fueled cars. 

As the auto industry is investing billions of dollars in order to meet global pollution standards, this can only mean that the future is bright for electric cars. According to Blomberg New Energy Finance, electric vehicles will account for 35% of global new car sales by 2040. So isn’t it time you started to take electric cars seriously? Here are our top five reasons why you should consider buying an electric car.

 

1. The cost of batteries is continuing to fall

The cost of the battery to power an electric car used to be a concern for many buyers. However, battery prices have dropped rapidly over the past few years, so much so that they’re on schedule to meet the ‘magical’ $150 per kilowatt-hour’ - the point where the experts believe this type of vehicle will be able to compete with petrol and diesel cars. It’s now predicted that electric cars will be as affordable as their petrol-driven counterparts in as little as six years time. If you need any further proof, you’ll see that manufacturers such as Tesla and GM are already investing in mainstream models of electric cars in anticipation of the demand.

 
2. Cars will be more affordable and have a longer range

There’s a new breed of electric cars in the showroom: those that are capable of travelling for up to 300 kilometres on a single charge without any need of other power sources. Tesla have introduced their affordable Model 3, Nissan have brought their longer-range LEAF to the market, and GM’s Chevrolet Bolt has been described as the ‘electric car for the masses’. There’s also a good selection of hybrid cars which enable you to switch between petrol and electricity, such as the Chevrolet Volt which gives you up to 80 kilometres of travel from a single charge.

 

3. An increase in the number of charging stations

While the idea of electric cars appeals to many, the reality of not being able to charge them when needed has put many potential buyers off making the investment. To address so called ‘range anxiety’, there’s an increasing number of charging stations appearing at shops, workplaces and other public places. Many of the manufacturers are also offering free charging for a number of years following purchase. Car manufacturing giant, Nissan, have predicted that public electric vehicle charge points will outnumber petrol stations in the UK by 2020, and many experts suggest that the charging stations of the future will incorporate such things as coffee shops and even fitness centres.

  
4. Car manufacturers are ready to get on board

In an effort to meet global pollution standards, car manufacturers are investing billions of dollars to develop electric vehicles and bring them to the market at an affordable price point. When you think that the number of models of electric vehicles has skyrocketed from just two in 2010 to 25 different models as of January 2016 (and it’s predicted that this number is set to double over the next two or three years), you can see that they really are taking the electric vehicle seriously.

Ford is already investing heavily in electric vehicles and it’s expected that over 40% of its models will be electric by 2020, while Honda aims to electrify two-thirds of its cars by the same year. German car giant VW also plans to introduce 20 electric cars and hybrids, while Audi is aiming to have 25% of its sales from electric cars in less than 10 years’ time.

 
5. Improved safety and health benefits

Several of the features of electric cars make them a safer vehicle option. Electric vehicles are typically designed with a lower centre of gravity, making them less likely to roll over and the body is constructed for a durability, making them safer during collisions. 

 

Another benefit for our safety is the reduced harmful exhaust emissions from electric cars. Improved air quality from driving electric cars results in a reduction in health problems related to air pollution. They’re also quieter than petrol and diesel fueled vehicles, meaning less noise pollution as well.

 

Are you ready to take electric cars seriously?

It is true to say that Australians have been slow to jump on the electric car bandwagon, mainly due to the lack of public recharging stations and the higher initial price of this kind of car, together with the lack of government subsidies to help offset the costs of buying an electric car. However all the major car manufacturers are investing heavily in the technology so it seems likely that soon they will become a much more viable option.

Are you ready to take the plunge and take electric cars more seriously? If so, Click Energy fully supports your decision - so much so, that we offer a simple electricity plan specifically tailored to suit electric vehicle owners (regardless of your car’s make or model) and a calculator to help you work out the cost of charging your car. And for more information on the different types of electric and hybrid cars, check out this article