Is it finally time for you to own an electric vehicle?
In the electric automobile industry, there are so many cars debuting each year. Many of these come with affordable price tags and extended operating ranges, making your buying decision both easier and harder simultaneously.
So if you’re thinking about an electric car, do read on. Also, we have a great surprise at the end. If you’re wondering, say, what the cost of a BMW electric car in Canada is, we can do you one better! Not only will we show you how to know the full MSRP, but also how you can get amazing rebates and incentives. Read on!
What is an electric car and how does it work? All-electric cars have an electric motor in place of an internal combustion engine. The car relies on a large traction battery pack for power and it must be plugged into a charging station or wall outlet to recharge.
Granted, these still occupy a razor-thin percentage of the overall automobile industry, but they’re picking up traction very quickly! And with the dearth of renewable fuel sources, there might come a time when all owners switch to EVs!
The debate between electric cars vs gas cars has been on for quite some time. In this article, we explore the pros of shopping for an EV in 2019.
- So Many Amazing Options
You’d be surprised to learn that, in 2019 alone (so far!), 17 new EVs and crossovers have been launched. For the budget-minded shopper, these start as low as $23,900. A large portion of them are within the $30,000 range which, let’s face it, is the average cost of a new car these days.
Which new models have debuted this year? Say hello to the Audi e-tron, Jaguar i-Pace, Hyundai Kona Electric, Kia Niro Electric and the Nissan Leaf Plus. When talking electric, Tesla is never far behind. This year, the auto giant released the Model 3, priced at $35,000 for the entry-level trim.
- EV Resale Values Are Quite Impressive
Conventionally, people have found that EVs have abysmal resale values. That’s about to change. Models like the Chevrolet Bolt EV, Tesla Model 3 and Jaguar I-Pace can all run for over 200 miles at a time and are anticipated to hold a much sturdier 3-year resale value. In fact, the Tesla Model 3 is expected to retain about 64% of its value after 36 months.
- Electricity is More Affordable Than Gasoline
This one’s a given. Gas prices are soaring and more and more people are finding that it’s cheaper to own and run an EV. For instance, the Hyundai Ioniq Electric is expected to cost the owner about $500 a year to run for 15,000 miles! This means that those who opt for this car will pay approx $4,200 less in fuel costs over a 5-year period as opposed to someone who owns a gasoline run vehicle.
- No Tailpipe Emissions
EV batteries do not spew smog-forming pollutants like an internal combustion engine does. Imagine the good you’d be doing for the environment! Now the overall impact on the environment does depend on how the electricity is locally sourced. But overall, these produce way less pollution than traditional cars.
- Maintenance Costs Take a Nosedive
No more oil changes or tune-ups That sounds good, doesn’t it? In fact, because there are just a handful of moving parts, the less chance of things failing or needing replacement in an EV. Electric cars use a one-speed transmission and avoid components like valves, spark plugs, clutches, catalytic converters, etc. Thus, you will only need to get the brake pads serviced every once in a while.
Want the Best Deal on Your New Electric Vehicle?
Car Cost Canada can help! With a dealer invoice report from Car Cost Canada, you can get a breakdown of factory incentives, lease rates and more! That way, you can easily skip the extra charges and find out the MSRP of any car (how much the dealer actually paid to own it).
Negotiating for a great deal is so much simpler.