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Get the best EV for your money with our guide to the latest electric cars on sale.
Electric vehicles (EVs) are making their mark on Australian roads, but many questions linger in the minds of potential buyers, such as what is range anxiety (and is it really something to worry about?), and are EVs really a green choice?
With strong support in the automotive industry, the world for EV owners has never been better. If you’re thinking of buying an EV, here are some of the key questions that come up, and we’ve helped answer them for you
Having the right finance is key to getting the best savings on an EV. At Get You Finance, we specialise in providing tailored car loans for both personal and business use. To maximise your budget and savings, contact us now, and our Melbourne-based team will assist you promptly – it only takes a minute.
Cost Comparison to Petrol or Diesel
EVs tend to have a higher upfront cost. For instance, the cheapest petrol mode of a car that is also available as an EV will be considerably cheaper.
However, it’s crucial to consider the long-term costs. EVs have significantly lower fueling expenses, particularly as the price of petrol and diesel increases. Over a year, this can save you more than $1000, making EVs a financially viable choice.
If you are in the market for an EV, the team at Get You Finance would love to show you some of the fast and easy car loans available to you!
Battery Degradation
Battery degradation varies, but it generally happens slower than expected. Some of the first EVs ever produced were pioneers but experienced battery degradation. However, newer models are showing improved resilience and as battery technology is quickly evolving, so too is the longevity of them.
The key is to adopt good practices, such as not fully charging every time, to extend battery life, and look after your EV.
Range Anxiety
Short-range EVs might present challenges for long-distance travel, especially if charging stations are scarce. However, many modern EVs now have 400km or more range, even some of the budget options.
EVs like Tesla go even further and significantly reduce range anxiety. Tesla’s Supercharger network is also strategically placed and offers abundant charging options, and there’s an ever-growing network of other charges around Australia.
The Real CO2 Emissions
EVs produce zero CO2 emissions during operation, which is a positive step. However, the carbon footprint of battery production can be significant. Research suggests that an EV with a medium-sized battery still has a CO2 advantage over traditional diesel engines, especially if the battery production utilizes renewable energy. Choosing a car with a modest battery and opting for a plug-in hybrid for longer journeys can further reduce emissions.
End-of-life Challenges
Recycling EVs, particularly their batteries, can be more complex and expensive due to the delicate cell structure and the presence of precious and toxic materials. However, advancements in recycling techniques are rapidly evolving. Additionally, repurposing depleted batteries for large-scale energy storage systems is becoming a global trend, contributing to sustainability efforts.
A Bright Future for EV owners in Australia
EVs are gaining traction in Australia, offering significant benefits in terms of operating costs and environmental impact. With sales beginning to boom, this also brings support from both manufacturers and third parties, providing confidence that the technology is here to stay.
While EVs might currently be priced a little higher than normal cars, they offer some great benefits, and there are also some incentives to purchase. If you are looking to buy a new EV, we can also help you get a fast and easy car loan that suits your needs, just contact our team and we’ll show you some great options!