Should you consider an electric car?

The topic of the electric vehicle (EV) has become increasingly prevalent over recent years, even as electricity prices have soared.

One of the reasons for this is the sheer population increase. Roy Morgan Research found that there is 15.9 million motorists on our roads - 2.6 million more than a decade ago.

More cars will inevitably result in more pollution, which is reflected in a study from The Department of Infrastructure and Regional Development. Greenhouse gas levels from the transport industry have been swelling annually at about 1.4 percent since 1990.

The last compelling reason for the EV discussion is the matter of fuel.

We currently have a heavy reliance on internally combusted engines, and consequently, fossil fuels. A report commissioned by the NRMA Motoring & Services revealed that Australia is almost entirely dependent on imported fuel - if the supply was to be cut, we'd only have enough to last about three weeks.

In light of this, and despite rising electricity prices, should you consider making the change to an EV? Here are a few common misconceptions.

Are the days of the fuel pump numbered?Are the days of the fuel pump numbered?

"They can go hardly anywhere on one charge"

The Energy Supply Association of Australia (ESAA) found that the average distance a fully charged EV can drive is between 120 and 300 kilometres - premium models have a maximum range of over 500 kilometres. This complements a survey from Deloitte, which concludes that 80 per cent of Australians drive less than 80 kilometres per day.

"Charging takes forever"

Unfortunately, EVs do need a lot more refueling than their primitive internally combusted counterparts. However, this is irrelevant, as the bulk of the 'refueling' should occur overnight while you sleep during off-peak hours.

"They're more expensive"

This may be true for the retail price, but not the ongoing running costs. The ESAA found that the average fuel cost of a conventional car is about 10 cents per kilometre, as opposed to 3 cents per kilometre for an EV. 

What are the next steps?

It seems the internally combusted engine is in the twilight of its career. One thing is for sure, the proliferation of EVs is a good excuse to make an electricity comparison to ensure you're getting the best deal.

If you would like to compare prices from a leading panel of electricity suppliers in your area, talk to the experts at Make It Cheaper. We will do the job for you completely free - even transferring you to the new rates.

Posted by Richard West