Gas prices are rising with no end in sight. Many business owners are looking for different ways of alleviating some of those costs. Are electric vehicles the practical solution? Here are some things to keep in mind.
Cheaper than Gas
Recharging an electric car is cheaper than filling up your tank with gasoline. You can even do it in the comfort of your own home. By installing an outlet right in your garage, you can charge your truck or cargo van while you sleep. Level 1 (120v) and Level 2 (240v) chargers are available to best fit your needs. Level 1 charging does not require any extra installation and takes the most time to charge your vehicle. Level 2 may require some installation, but charges in less time. If you are on the go, there are Level 3 or DC Charging (480v) charging stations that can charge your vehicle while you grab lunch.
Not only is it cheaper to drive, but it is also cheaper to maintain. There is considerably less maintenance as there are no oil changes, transmission issues, spark plugs, and other important mechanisms found in a gas-powered vehicle. An electric truck or van will not be completely maintenance free, however. There is general upkeep that needs to be monitored such as rotating tires, changing the air filter and windshield wipers. The most important part of an electric vehicle is the battery so it will also need to be in optimal condition.
Better for the Environment
If you are looking to do your part to combat climate change, going electric is the easiest way to do this. On average, electric vehicles produce fewer greenhouse gases and other air pollutants than the common car. Sources of power when charging still cause pollution, but their lifetime emissions are considerably less than gas-powered vehicles. You will be driving green while getting the job done around town.
Did you know that you can get paid to own an electric vehicle? It’s true. There are federal tax credits you may qualify for if you choose to go electric. You may be eligible to receive up to $7,500 with the right vehicle. Depending on your state, you may also qualify for additional rebates. In California, for example, there are rebates of up to $750 with the purchase or lease of an electric vehicle. There may also be savings from your electric company if you install a qualifying charger.
Longer “Refuel” Times
While putting gas in a car takes a few minutes, charging a car takes significantly longer. Whether you are charging at home or charging on the road, you will not be done charging in a few minutes. A typical electric vehicle charges overnight at home. A fast charger can cut the time, but it will still take longer than refueling a gas-powered vehicle. If you forget to charge the night before or are in a rush, you will have to wait before you hit the road again.
More Expensive Upfront
Purchasing an electric vehicle is more expensive than a gas-powered vehicle. While this is an issue only on initial purchase, it can be pricey to get started. It is also expensive to replace the battery as well. In addition to the car costs, there are also costs associated with installation of a Level 2 charger. This may not be a problem to some tradesmen, but to those who require faster charging, it does present additional costs.
Electric vehicles accelerate faster than gas-powered cars and are more practical for driving daily. They can provide full torque for maximum efficiency. On the flip side, their simplified motors do have lower top speeds. There are also concerns with the driving range of an EV. Range anxiety is something many drivers consider when going electric. The driving range can be affected by extreme weather conditions. Cold weather can temporarily reduce battery range by about 10% while hot weather can overheat the electrical battery.
Charging is not always convenient. While more charging stations are being created, they are not as readily available as gas stations. For longer trips, you would need to plan well in advance so you know exactly where you can stop to charge. This may not be an issue for tradesmen working around their respective towns, but it does pose a problem if you want to make a long trip.
Electric vehicles are becoming more prominent in the automotive industry. New EV trucks and EV vans are coming soon with technology that is not available in gas-powered vehicles. Being well-informed will allow you to make the best decision for you and your business needs.