The Main Benefits of Electric Vehicles

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Electric vehicles aren’t just the future of transportation, they’re the future of energy. In fact, many people are advocating for a world powered mostly by electric vehicles by 2040. That would be a technological achievement that we have been waiting for since the dawn of the automobile. The automobile was a technology based on fossil fuels and other non-renewable resources.

Electric cars are clean, very quiet, fast and relatively inexpensive to run. They are better for the environment than traditional gas powered cars. But that isn’t all they have to offer. The potential of electric powered cars is only beginning to be understood by the majority of car consumers. Until now, the range of possible applications for electric vehicles has remained largely untapped.

An Overview

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A recent article in Popular Mechanics magazine promoted electric vehicle use by proposing that millions of Americans save money each year on fuel and energy bills. And those savings wouldn’t just be direct. The author estimated that a fleet of electric vehicles could reduce fuel costs by as much as 30%. In addition to reducing fuel consumption, the authors also suggest that the vehicle can reduce pollution. They project that an electric vehicle would make driving more environmentally friendly.

However, not everyone is convinced that electric vehicles will have the same effect on air quality as envisioned by the Popular Mechanics article. After all, the emissions produced by conventional automobiles are much worse than the emissions emitted by electric vehicles. But there’s more at work here. Most people don’t recognize that the emissions produced by power plants are actually the largest source of air pollution. Even worse, the emissions produced by vehicles are not nearly as bad, in some ways, as the emissions produced by power plants. There is hope, though.

Benefits of Electric Vehicles

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One of the reasons that the EPA has recommended legislation to protect the air is because power plants emit a large amount of carbon dioxide. Electric vehicles, because they run on electricity, will not generate this very harmful gas. And, electric-powered cars will be much cleaner than the gas-powered counterparts. So while you may not see immediate health benefits from owning one, in the long run, if you purchase an electric car, you will save money on fuel and contribute to the preservation of the planet.

Another benefit of electric vehicle ownership is the “time value”. A person who buys an electric vehicle now saves two years in fuel costs. That’s huge. If you drive a car that gets 20 miles to the gallon each gallon, then owning an electric vehicle will save you about two hundred million cubic feet of gas each year! That’s about two million gallons of oil that you won’t have to invest in ever again. For some people, that’s enough to save them a year or two at a time.

On a final note, electric vehicles also qualify for a tax credit. Depending on where you live, you may be able to take advantage of this credit. When purchasing an electric vehicle, it’s a good idea to get your tax professional involved. He or she can help you determine if your new vehicle qualifies for this credit. If so, you’ll be eligible to receive a significant tax break. This could be enough of an incentive to get you to go green.

As you can see, there are many benefits to owning an electric vehicle. They save you money on fuel and pollution, they are environmentally friendly, and they qualify for tax incentives. Owning an electric vehicle is a smart investment choice.

Bottom Line

So, there you have it. Those are some of the main benefits of buying electric vehicles. There are also a few other minor benefits, such as reduced gas emissions and better overall vehicle performance. However, those are the biggest benefits. There are likely other smaller benefits, but for now, that’s the information you need.

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