Are Electric Cars Worth the Money?

Are electric cars worth buying, or should you stick to gas-powered engines? That’s what this article is all about. The sales of electric and plug-in hybrid cars have been witnessing exponential growth in the last few years. According to statistics from Forbes, global EV sales spiked by a whopping 65% between 2017 and 2018.

The Good About Electric Cars

From all indications, the world is going electric. This is in a bid to save the planet from the obvious effects of burning fuel.

The first advantage of electric cars is that they don’t use the exhaust system, meaning they have no emissions. The result is cleaner air and lesser greenhouse gases. Besides reducing the toll on our atmosphere, electric cars use electricity to recharge the batteries. As you may be aware, electricity is a renewable resource, unlike gasoline.

Besides environmental conservation, electric cars are cheaper to maintain, both in the short term and long term. Yes, it’s expensive to buy an EV, but when it comes to the costs of running it, they are much cheaper to run.

According to Consumer Report, the total ownership savings of EVs ranges from $6000 to $10,000. In addition to the costs of running the vehicle, EVs don’t require frequent maintenance. You no longer have to worry about changing oil, fuel filters, air cleaners, etc.

On the Downside

Just like the two sides of the same coin, EVs have some disadvantages. An electric vehicle has a shorter range than gas-powered vehicles, and besides, recharging the battery takes a lot of time. But despite these challenges, EVs are still the answer to our global problems; global warming and environmental degradation.

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