Few brands seem to dominate the news cycle when it comes to new electric cars. Electric vehicles are becoming increasingly common, with charging stations needed to keep up with the juice. With that in mind, here's a look at exactly why buying an electric vehicle will benefit you in 2020.
Electric cars are relatively expensive to manufacture, but they are getting cheaper. Given that batteries are among the most expensive parts of an electric car's battery pack, someone in battery manufacturing will have to achieve economies of scale to overcome better, or at least cheaper, battery types.
Despite the current price tag of an electric vehicle, consumers should not get deterred as it’s the running costs that play a key part in the long term efficiencies of owning an electric car. With that in mind, economies of scale are developing and prices are set to decrease dramatically such as the new SEAT Mii being named the best car under £25,000 by judges at the Whatcar? the Car of year awards.
Companies are making switching as easy as ever with excellent new schemes such as the car scrappage scheme giving generous deals when trading in an internal combustion engine car. Here is a list of the top Scrappage schemes deals. https://www.buyacar.co.uk/cars/292/2019-car-scrappage-schemes-the-best-deals
With automakers competing for buyers, the increase in electric vehicle prices is unlikely to contribute to significant price reductions unless early adopters pay a premium. Sales of pure electric vehicles are still dwarfed by hybrids that use batteries and combustion power. Industry analysts estimate that the market will reach a tipping point when the operating cost of an electric car is £10,000 lower than that of a comparable internal combustion car. That puts the average price of buying an all-electric truck, SUV, or even a hybrid car below £30,500, even with the help of charging infrastructure. https://www.theguardian.com/environment/2019/dec/25/2020-set-to-be-year-of-the-electric-car-say-industry-analysts
Electric cars may not be everyone's cup of tea, but there is more choice than ever. The number of electric car sales in the UK remains relatively small compared to fossil-fuelled alternatives, but things are changing. As more and more manufacturers come on board with the technology to deliver a range of new electric vehicles such as the award-winning SEAT Mii—priced at £19,300, it’s one of our most affordable, yet stylish electric cars on the market benefiting from a 0 per cent benefit in kind tax rating and a insurance group rating of 12E. Electric cars - The charging infrastructure in the UK is also improving, making charging times much faster and cheaper with the Mii charging 0-80 per cent in under an hour with a range of 160 miles. Find out more by clicking here.
The age of the electric car seems closer than ever. With many new models to come in the next 12 months, you're not alone in being caught wondering what it would be like to own one. The attraction of electric motors is increasing, but are they really an option for a normal life? With petrol, diesel and many hybrid cars banned by 2040, we have little choice.