After all, people are starting to be more aware of global warming and the current state of the environment apart from the cool and sleek look of Elon Musk’s range of Tesla cars!
While an electric car can be a good conversation starter and help reduce your carbon footprint, there’s so much more than that when it comes to owning one in Singapore that you need to be aware of.
If you’re planning to buy a car and are considering an electric one, it is important to weigh the pros and cons to make an informed decision before committing to one for your daily use!
10 Pros & Cons Of Electric Cars To Know Before You Buy One
1. Electric Cars Are More Energy Efficient Than Fossil Fuel Cars
Energy efficiency is determined by the amount of energy from the fuel source which gets converted into actual energy that powers a vehicle.
EVs are more energy-efficient than typical gas-powered vehicles as the batteries convert up to 62% of energy into vehicle movement. On the other hand, gas-powered vehicles are only able to convert around 17 to 21%.
Hence, each charge of the EV battery does more when it comes to powering the car as compared to filling a gas tank.
2. Environmentally Conscious By Reducing Emissions
It has been found that a typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year.
On top of that, automobiles produce nitrous oxide and methane from the tailpipe and hydrofluorocarbon emissions from leaking air conditioners. Although these gases are not emitted as much as carbon dioxide, the impact is important as they have a higher global warming potential.
Since fully electric vehicles don’t use an exhaust system, they have no emissions. As a result, they are better for the environment as they play a part in achieving cleaner air and fewer greenhouse gases.
Apart from that, electric cars are powered naturally by renewable resources such as wind, solar and water power. In contrast, fossil fuel cars run on gasoline, which is created by oil, a non-renewable resource.
3. Tax & Cost Incentives Globally
As more and more countries embrace EVs, you’ll notice that there are incentives such as cash rebates and tax bonuses to close the price gap between EVs and conventional cars.
In New Zealand, future EV owners can enjoy up to $8,625 worth of rebates for new vehicles. Closer to home, you will get anywhere between $15,000 to $25,000 for new EVs as Singapore continues its efforts to go green.
There are also generous tax bonuses in Norway that bring the price of EVs and fossil fuel cars close to parity.
4. Lower Maintenance As Compared To A Fossil Fuel Car
Did you know that fueling your car with electricity is one-third the cost of filling it with gasoline?
As electricity is cheaper, it would be more cost-efficient to drive an EV.
Besides saving on fuel, EVs also help you to save on maintenance. Since EVs are fully electric, there isn’t the need to lubricate the engine with oil. Thus, you can say goodbye to oil changes.
Also, because the brakes also won’t wear out as quickly, so you wouldn’t have to replace pads as often as you would for a typical fossil fuel car.
5. High Performance While Being Quiet
Apart from requiring less maintenance, EVs have motors that are quiet and smooth. As these motors react quickly, EVs tend to be more responsive with good torque.
Driving a quieter car also means that you would be doing your part to reduce noise pollution.
1. The Effective Range is Still Limited
Although automobile companies are finding more ways to help EVs travel further, they still have a shorter range as compared to traditional gas-powered cars.
Typically, a fully charged electric car can get between 60 to 100 miles. Hence, some drivers might worry that their EV might run out of juice while on the road.
Having said that, Singapore has plans to have 60,000 charging points island-wide by 2030 – so you wouldn’t have to worry too much about your EV not being able to go the distance.
Also, as battery technology advances, so will EV range. Toyota has unveiled a battery with a 600-mile range and there’s no doubt that other brands will also continue to work on improving battery technology.
2. You Might Need To Install A Home Charging Station
If you don’t live near a charging station or use your electric car infrequently, you may have to install an EV charging station at home. As a result, this could potentially cut into the cost savings from getting an EV.
To get a level 2 charger with a 240-volt outlet and wall-mounted system installed in your house, it costs around $1,200 on average.
However, having your own charging station gives you the convenience of being able to power up your car from the comfort of your home.
3) The Upfront Cost Is Usually More Than Fossil Fuel Cars
Depending on the model, you would have to pay at least $10,000 more for an electric car than you would for the same type of car in a gas model.
Because of factors such as the battery, electric cars are generally more expensive than their fossil-fuel equivalents when it comes to the upfront price.
Fortunately, the price gap is likely to close over time thanks to advancements in technology.
4) Charging Time Can Be Rather Long Especially When You Are In A Rush
Unlike filling a gas tank which takes only a few minutes, recharging your car battery takes a much longer time – especially if the battery is depleted. Depending on your EV model, it can take up to as long as 20 hours for a full charge.
As fast charging stations take 30 minutes to charge to 80% capacity, EV drivers have to plan around that since running out of power can’t be resolved with a quick stop at the gas station.
5) Batteries Will Need Replacement & Are Rather Costly
Although you wouldn’t have to worry about maintenance-related factors such as oil changes, you would eventually have to fork out a big sum to replace the battery pack.
New replacement batteries are estimated to cost around $10,000. However, as the lifespan of EV’s batteries are around 8 to 10 years, you wouldn’t have to replace them too frequently.
Make The Switch And Do Your Part For The Environment
At iSwitch, we strongly believe that EVs are the future and we strive to be a one-stop-shop for all things green energy.
If you’d like to explore greener options, learn more about how you can build a more sustainable future with us by switching to our green energy solutions.
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