Maybe your car needs repairs often and costs too much money to maintain. Or perhaps your lease is expired. If so, are you thinking about buying a new car in 2021?
An electric vehicle is an excellent choice and there are many advantages to consider:
Maintenance is Cheaper
Purchasing a new car can be a bad investment. New vehicles depreciate quickly and depending on the purchase price of the vehicle, a buyer can lose thousands of dollars while driving the vehicle from the dealership. It’s an investment most people would consider a substantial stock market loss.
With a higher purchase lease agreement you pay monthly for a vehicle in a certain class, the approximate value of the car is measured over four or five years, and you can opt to buy it at the end of the contract. If you choose not to purchase it, you will continue with the same premium. You don’t save money on the car’s value or operational costs.
Buy An EV to Save Money
If you invest in an electric vehicle, you can save a significant amount of money on maintenance and repairs. Electric vehicles cost significantly less to operate than gas-powered vehicles. An EV has no mechanical parts, no flywheel or a timing belt to replace. Oil changes aren’t required.
They’re Quick and Quiet
Many people still don’t have confidence in EVs. They often think they’re slow and can’t compete on the road with gas-powered vehicles. It was a common occurrence when EVs debuted. They were unpowered and could prove a detriment when an EV couldn’t accelerate to highway speed limits.
But better batteries, increased power and more electric charging stations mean EVs are a fuel-efficient alternative to gas-powered vehicles. The acceleration of electric vehicles has also dramatically advanced. Some EVs use mag wheels and have better acceleration (and range) than gas-powered cars and trucks.
Electrical vehicles also often weigh less and are more reliable than they’re gas-powered rivals. They also can outperform gas-powered vehicles and because they’re electric, they’re far quieter on the road.
They Don’t Need Any Gas.
Electric vehicles, of course, don’t require gas to operate. Years ago, it was often viewed as a detriment to potential buyers, but no longer.
Environmental concerns differ in different countries, and it’s gathering pace. With more demand for pollution restrictions, more countries have increased their networks of electric charging stations. The charging station networks are often government-subsidized and free to consumers.
The idea of owning a car that doesn’t operate on gas is appealing. They need to be charged frequently depending on manufacturer, engine size and other factors. Electric vehicles may cost more than gas-powered cars considering just the sticker price. But the cost-saving components of EVs and government agency rebates, often make buying an EV the best choice.
They’re Good to Lease
When you’re thinking about buying a new car you have several options. You could buy something new which would give you a zero mileage car and the equipment you choose. Again, the depreciation of the vehicle may provide a financial pause.
The other option is to get a vehicle on a higher purchase agreement. This option is a good in-between idea because it means you consistently have a new car on the road and have very little expense. The drawback is that you never own the car and if you do want to pay it off and keep it, you’re again left with the servicing and repair expenses.
These options are also available for EVs and they do benefit from lower running costs and lower repairs. But there’s also a third option. Leasing an EV car gives you all the advantages of owning the vehicle but without a fixed-term agreement. You will be responsible for the vehicle while it’s under lease but you can easily return it.
They Have Near-Zero Emissions
Electric vehicles are not entirely carbon neutral. They have zero carbon emissions, improving the air quality and contributing to government regulations. However, the electricity they use is still generated in large part by fossil fuel-fired power stations.
Although EVs don’t have net-zero carbon emissions they are much better for local and national air quality and contribute to the environmental movement. Gas-powered vehicles provide tremendous amounts of carbon into the atmosphere. It increased the greenhouse effects causing the ice caps to melt, an EV seems more like the way forward.
If you’re thinking about buying a car in 2021, an EV is a wise consideration. They might seem more expensive at first but the savings add up while helping the planet with lower carbon emissions. With these practical benefits, you will contribute to a lower carbon present and zero-carbon future.