Why Buying An Electric Vehicle In 2014 Isn’t A Great Idea

Electric cars sound like a good idea on paper. They are eco-friendly and have no engine emissions. They are also super quiet on the road. You would think that motorists would be beating down the doors of car dealerships to buy them!

Nissan Leaf

But the truth is electric car sales are few and far between. There aren’t many electric cars in mainstream use in 2014, and the motor industry isn’t too keen on them right now. So how come electric cars aren’t popular with the average consumer?

Electric car technology isn’t a new idea. At the turn of the 20th century, electric cars were popular with those that travelled around their local towns. They were a great alternative to unreliable, noisy and smelly petrol cars. They were even better than using a horse and cart.

The problems that plagued electric car owners more than 100 years ago plague today’s people too. And guess what? They all centre around money! Confused? Let me explain why.

Technology costs

The first problem that our forefathers faced was down to the cost of technology. Battery and motor components for cars are expensive. They cost a lot of money to develop, and they cost even more money to install into vehicles!

Many car manufacturers lease batteries to consumers. Electric car batteries cost a fortune. But they also have a limited lifespan – just like conventional car batteries.

For example, Toyota will only guarantee the batteries in their electric and hybrid cars for just eight years.

Car costs

Because of the expensive technology costs, the price you pay to buy the car will also be expensive. Car manufacturers aren’t willing to absorb the technology costs associated with electric car production.

On average, you can expect to pay at least 25% more for an electric car than you do for a petrol or diesel car. Most used electric cars don’t depreciate as much as “conventional” cars because of the low market share.

There are some exceptions to the rule. For instance, a 12 month old Renault Fluence Z.E. is only worth about a third of the brand new price!

Infrastructure

Do you happen to live in California? If not, you will find it difficult to locate a suitable charging station for your electric car. You have the option to use a conventional power socket at home or work, but your car will take at least eight hours to charge.

Many public charging stations offer fast DC charging. You can expect to charge your car’s batteries by 80% within half an hour. Jay New Nelson is keen to point out is that using DC chargers on a regular basis can shorten the life of your electric car batteries.

Range anxiety

All-electric cars don’t go far. At best, you can hope for a range of just 100 miles. A lot of motorists do greater mileage than that on a daily basis, and so the problem of range anxiety can influence buying habits.

Electric cars are OK for local driving but aren’t a good idea for long-distance journeys!

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