Many people are wondering whether switching to electric vehicles would be a smart move with gas prices reaching all-time highs. Electric cars have been around for a while now, but there are still some factors holding people back from making the switch. In this article, we will explore some of the pros and cons of electric vehicles and try to answer the question: is 2022 finally the right time for electric vehicles?
The benefits of electric vehicles
There are a number of benefits to owning an electric vehicle. For starters, they’re much cheaper to operate than gas cars. Maintenance costs and gas prices are significantly reduced. Electric vehicles also produce zero emissions, so they’re good for the environment. They’re also becoming more and more popular, so you won’t have any trouble finding charging stations when you need them
The Price of Electric Vehicles – What does an EV cost today?
Electric vehicles (EVs) were largely the result of government mandates and subsidies in the early years. There is a state law known as the “zero-emission vehicle mandate” in California which requires automakers to sell a certain number of electric vehicles each year or pay a fine. Other governments such as Denmark have also adopted EV incentives to reduce pollution and greenhouse gas emissions.
These policies helped lead to the exponential growth of the EV market. In 2016, there were 1 million EVs on the road worldwide; by 2025 there are expected to be 15 million! But with these aggressive policies set to expire, analysts predict that sales will start tapering off after 2022 unless new policy is put into place.
The average cost of electric vehicles today is about $45,000. Although technology is improving and costs are decreasing, this number is dropping rapidly. Many new models of electric vehicles are expected to hit the market in 2023, with prices as low as $25,000. So, the cost of electric vehicles is definitely dropping and will continue to do so in the coming years
How to make the switch to electric vehicles
So, in order to effectively make the switch to an electric vehicle what are the steps that are required? I am glad to tell you that it isn’t as difficult as you might think. The main thing you need is a place to charge your car. There are many public charging stations popping up all over the country, or you can install your own charging station at home.
Besides having a vehicle, you also need a place to stay. There are now a number of great electric vehicles on the market, so you’re sure to find one that fits your needs. You can even get an electric pickup truck or luxury EV if that’s what you’re into.
The Challenges of Electric Vehicles
There are a few challenges that come with owning an electric vehicle. The first is range anxiety. This is the fear that you won’t have enough range to make it to your destination. However, with the increasing number of charging stations available, this is becoming less and less of a concern.
In addition, electric vehicle costs are another challenge. As we mentioned earlier, the cost of electric vehicles is dropping, but they still tend to be more expensive than gas cars. Nonetheless, the gap between the two is shrinking and is expected to expand as technology improves.
What is the range of modern EVs?
As electric vehicle ranges increase, so does their efficiency. The average EV today can travel about 200 miles on a single charge. New models are being released, however, that have much longer ranges. With the Tesla Model S, the range can be as much as 335 miles on a single charge!
Are there Enough Electric Vehicle Charging Stations Available?
Yes, there is definitely enough electric vehicle charging stations available. There are now over 36,000 public charging stations in the United States alone! This number is only going to grow in the coming years as more and more people switch to electric vehicles.
Many businesses are installing electric vehicle charging stations to attract more customers to their locations. Electric vehicle owners are typically more environmentally conscious and are more wealthy making them a valuable demographic for a variety of businesses.
Private homes can easily set up a charging station for electric vehicles but apartment buildings and condos can be a little more difficult. In recent years, several companies have developed solutions for charging stations for multi-unit dwellings.
There are great technology advisor companies as well who can help condos and associations add and integrate new technologies and services, such as electric vehicle charging stations. Companies like this can often negotiate lower costs thanks to their relationships and large volume of orders.
Electric pickup trucks and electric luxury vehicles
Electric pickup trucks and luxury electric vehicles are becoming more and more popular, giving shoppers more options besides just the sedans and hatchbacks that have been on the market for a while now. Next couple of years are expected to be a boom time for electric pickup trucks.
The Future of Electric Vehicles
How does the market for electric vehicles look like in the future? I believe the market for electric vehicles will continue to grow in the years to come. The cost of electric vehicles is dropping, the number of charging stations is increasing, and the range of electric vehicles is getting better and better.
These developments indicate that electric vehicles are here to stay. They’re cheaper to operate than gas cars, they produce zero emissions, and they’re getting more and more popular every day. There will be an exponential increase in electric vehicles on the road in the next few years.
Are electric vehicles finally ready for 2022? We think so! The cost of electric vehicles is dropping, the range is increasing, and there are plenty of charging stations available. As long as all this is considered, it’s not surprising that electric vehicles will be the wave of the future in terms of transportation.