Even though the total number of electric cars has been on a steady rise for more than half a decade (and up 38% in the USA in 2016), many organizations and individual consumers still aren’t aware of how electric vehicles compare to traditional gas-guzzlers.
In this article, we have compiled a comprehensive list of the benefits and current shortcomings of EVs, to help inform your decision as to whether or not they may be a good choice for you or your organization.
Pros of Electric Cars
They’re Cheaper to Run
The cost of gasoline heavily depends on the current political situation and our dwindling supplies of oil, which some expect to last us around 50 years. On the other hand, the cost of electricity is stable across the country, and improved sources of renewable power are in active development by some of the largest tech companies in the world.
Performing basic calculations, the average electric vehicle can save a driver who drives 15,000 miles in a year about $850 annually on fuel. Keep in mind that these estimates have been made without taking any special charging systems into consideration. For EV owners and fleets participating in a smart charging program, the savings can be much higher.
This, together with various tax breaks and government subsidies, means that virtually all electric vehicles start to pay for themselves a long time before they reach the end of their expected lifespans, leading to significant savings over time.