Will Electric Cars Get Cheaper?
In the not-too-distant future, consumers won’t need to ask the question ‘Should I buy an electric car now or wait?’ The cut off point for selling new petrol and diesel cars is just 8 years away, in 2030. Hybrid cars will no longer be sold after 2035. So, what should you do? Wait until you’re forced to buy an electric car, or get one straight away?
Many Country Vehicles customers tell us they’re waiting to see whether electric cars get cheaper over the next few years. They most probably will, The government has recently withdrawn its grants to help with purchasing electric cars in recognition that the EV market is now fully competitive. However, price isn’t the only consideration; in this blog, the CVS team look at a range of factors that may influence you decision.
Table of Contents
- Charging Infrastructure
- Environmental Benefits
- Ongoing Costs (Servicing & Repairs)
- ULEZ and Parking Charges
- Choice of Models
Should I Buy an Electric Car Now or Wait?
A list of considerations Country Vehicles customers are talking about:
1. Charging Infrastructure
At the start of the summer there were 19,960 charging locations across the UK, and 32,663 charging points for EVs. This is an improvement of 34% since the same time last year. In addition to these figures the numbers of workplace and private charging points are growing all the time.
Installing your own charging point is the cheapest option. A number of the public charging stations now charge a fee for using them, and the cost can add up quite quickly. With this in mind, it’s worth checking out the electric cars with the longest range.
2. Environmental Benefits
We tend to think about electric cars being better for the environment that petrol or diesel vehicles because they don’t emit CO² or use fossil fuels to run. The environmental advantages they offer include better air quality, especially in cities, and less noise pollution as they’re quieter to run.
There are, however, a number of concerns regarding the manufacture of EVs which the industry is seeking to address:
- Lithium-ion batteries which are used in EVs require mining processes for their manufacture.
- Plastics continue to be used in EV construction.
- A percentage of the energy used to fuel EVs is often derived from fossil fuels.
These problems are already being tackled globally and there’s no doubting that EVs remain a good choice for the environment.
3. Ongoing Costs (Servicing and Repairs)
When compared to petrol or diesel vehicles, electric cars are much simpler to maintain. Whilst brake pads, tyres, and windscreen wipers – for example – will still need replacing, many of the more expensive components won’t. The batteries in EVs are now lasting 8-10 years which means that repair costs will be minimal.
4. ULEZ and Parking Charges
London already has an Ultra-Low Emission Zone (ULEZ) and vehicles not meeting the emissions standards have to pay £12.50 per day to drive in it. A number of cities have also signed up, and many more are on their way to doing so. EVs avoid any charges because of their zero emissions.
Parking restrictions are increasing for petrol and diesel cars as bays close to charging points are being restricted to use by EVs. Councils are considering increasing these kinds of tactics to encourage EV use.
5. Choice of Models
As 2030 inches closer, the range of electric vehicles will steadily increase. The market already includes sports car, small cars, and SUVs. As the market opens up, every manufacturer will be competing for their segment of the sales, so look for rapid design innovation over the next few years.
About Country Vehicles Shefford
Country Vehicles is a local garage, providing a range of services to customers in Shefford and South Bedfordshire. Our team of mechanics offers vehicle servicing, MOTs, and repairs that are simple to book online. Whatever the reasons your car needs attention, we’ll be delighted to help – and we make a promise to customers to look after their vehicles as if they were our own. As an independent garage we listen to our customers, recognise their needs, and can be counted on to go the extra mile.
Have we answered the question ‘should I buy an electric car now or wait?’ for you? If you would like to talk through any of the issues we’ve raised, call Country Vehicles on 01234 381555, message us online, or pop in to see us.