Why now is the best time to invest in electric
The automotive industry has been predicting the rise of EVs (electric vehicles) for decades. But with soaring fossil fuel prices, punitive measures on internal combustion vehicles, and financial incentives for driving an EV, there has never been a better time to go electric.
The benefits of driving an EV
The offering of electric vehicles has been improving year on year. Where battery and therefore range were once of primary concern, the UK driver no longer really has to worry. Charging stations have proliferated across the country (and this rise is set to continue tenfold, with the government announcement of 300,000 extra public EV charge points by 2030), and range anxiety is no more, with plenty of models delivering in excess of 200 miles per charge. Bearing in mind that the average UK driver covers only 20 miles per day, there’s plenty of opportunity to top up that battery every evening, or even during the daytime at a workplace or public charge point.
The price of EVs is also becoming more attractive. Where they were once prohibitively expensive, there are now quality new EVs coming in at the £15,000-£20,000 mark on the market. Although that is certainly not cheap, a driver will also benefit in the long-term, as the battery equivalent of a ‘full tank’ is likely to cost less than £10 (on a home charging system), as opposed to almost ten times that with current fuel prices for a petrol or diesel engine.
As well as these features making EV driving more attractive, the government is also taking punitive measures against internal combustion engine car drivers. They have mandated a ban on the sale of all petrol and diesel vehicles from 2030 – so soon enough, the choice to go electric will be taken out of the driver’s hands. Even hybrids will face a ban from 2035 – so there’s no question, we will all be driving EVs soon enough.
The environmental benefits of driving an electric car
This is the key benefit, of course, of going electric. Although the battery manufacture for EVs has a significant environmental toll, EVs still end up having a net negative impact when on the road – a long-term impact is so much more benevolent than a fossil fuel-powered vehicle.
The financial incentives to driving an EV
Low emissions (or zero emissions, for fully electric EVs) cars are eligible for financial support from the government. Going electric at the moment means you can take advantage of a government grant taking up to £1500 off the cost of purchase of a new EV. There is also government support for your installation of a plug-in electric charging point at home, offering up to 75% towards the cost of installation.
One way or another, we’ll all be driving electric soon, and we think now is the time to make the move, and benefit from the financial incentives on offer.
EV Blocks offer a universal adaptor plate for the installation of charging stations and charge points, which are made in Britain and are 100% recyclable. Get in touch today to see if we could have the solution to your EV charge point needs.Back to blog