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.

More specifically:

Energy cost
The cost of charging an electric vehicle is about one third per kilometer, compared to the cost of petrol for the same vehicle.

Cheaper maintenance
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.

Hybrid vehicles?
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*

• Electric: $421
• Hybrid: $764
• Petrol powered: $1.500

*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.

Indicatively:

• In 2018, the global fleet of electric cars exceeded 5.1 million, up by 2 million in comparison to the previous year, with an almost doubled number of new electric car sales.
• The growth rate of the electric car market in 2019 is expected to be almost 49%.
• The global market value of electric vehicles amounted to $118.864 billion in 2017 and is projected to reach $567.3 billion by 2025, with an average annual growth rate of 22.3% from 2018 to 2025.
• Already, in Norway, sales of electric vehicles of all types exceed 50% of total car sales.
• This was stimulated by Norway’s commitment to zero-emission vehicles on its streets by 2025.
• A domino of similar policies and commitments is expected from other countries as well, triggering an explosive increase in the sales of electric vehicles.

Environmental awareness
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.