The transition from traditional petrol-powered vehicles to electric vehicles that started a decade ago, has been a gradual process for some, and an exciting leap for others.
During recent years, however, the eMobility market has geared up and is currently developing at such a dizzying rate, that all industries involved – the energy sector, the automotive industry and the technology industry – acknowledge that the petrol era is coming to an end, and the future of driving is inevitably electric.
Incorporating more and more innovation and environmental awareness, , electric cars have never been safer, more stylish or more exciting to drive. Consumers, businesses and investors are now rushing to exploit the comparative advantages of eMobility.
There are four main reasons that make electric mobility an ideal investment choice for consumers and investors:
Apart from features such as instant torque, quiet driving and top performance, the use of electric vehicles is also accompanied by lower energy and maintenance costs.
The cost of charging an electric vehicle is about one third per kilometer, compared to the cost of petrol for the same vehicle.
An electric vehicle has far fewer moving parts than a conventional petrol-powered car. Electric vehicles have a relatively small need for service, and moreover lack expensive systems such as exhaust, starter, fuel injection and other petrol related components. Equipped with only one moving part – the rotor – electric vehicles` engines are extremely simple and durable. The main needs of electric cars for maintenance are restricted to inspection of brakes, tyres and suspension. As far as battery wear is concerned, most manufacturers nowadays provide guarantee for their batteries for at least 8 years.
Lower transportation costs
Customers pay for the electricity they consume, avoiding the much more expensive fuel. For an average vehicle with a typical mileage of 15,000 kilometers per year, fuel savings alone can reach up to 800 euros.
Plug-in hybrid electric vehicles are equipped with a petrol engine that needs regular maintenance. However, due to the fact that the electric motor requires minimal maintenance, this results in less wear and tear on the components of the petrol engine.
How much does driving cost?
Average annual operating and maintenance costs of vehicles*
*Source: UCS USA
Electromobility is not a hype, but the new state of affairs in automotive driving. The statistics and forecasts available from bodies such as the International Energy Agency (IEA), a UN-affiliated organisation for the global energy industry, leave no room for dispute.
Electric vehicles can help reduce greenhouse gas emissions related to transport. Key precondition for this, is the greatest possible penetration of Renewable Energy Sources in the charging of vehicles. Ensuring green charging should be a priority, in order to highlight the value of electric mobility for the future.
Health and quality of life
Using electric vehicles has immediate results in the fight against urban pollution too. Extensive use of electric vehicles and replacement of internal combustion engines eliminates pollutants and significantly reduces noise levels in urban areas.
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