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Are Electric Cars Cheaper to Run? Pros and Cons

We all know how popular the gasoline engine is but with a new breed of alternatively powered vehicles being offered to us we are finding it hard to shift from what we know best. We all know that the fuel that runs our cars is bad for the environment and will one day run out so a shift to electric vehicles – otherwise known as EV – is something being pushed to us by our governments and the big automakers.

We are told that these are friendlier to the environment and that they are cheaper to run. The first fact is true for the most part but the second we are not so sure off. The fact that they are cleaner for the environment is correct in the end result – that means that when we get them and driving them around. But what about the manufacturing process – the batteries alone are not that friendly when they are produced and neither are the manufacturing plants where these EVs are made.

The understanding that these greener vehicles are cheaper to run is flawed as well; yes they can be cheaper to run – only in the long term. Take the Chevy Volt for instance; the new electric car will have a higher price tag, as we have to pay for the privilege of this new technology.

I would estimate that it would take you about ten years or sooner to get your money back from the high premium that you paid to purchase the vehicle. Please do not hold be to that statement, this is only a rough guess on how much you pay for the vehicle and how much you will save over time. Although I would like to point out that you will make a greater saving on an EV than you would a Hybrid – although the former does not have the range like the hybrid does.

However, do not let that put you off, as the price of an EV will come down over time. We are still dependant on gasoline and it is the mass production of these engines that help to keep these prices down. As the likes of Ford, GM, Nissan and others work hard over the next few years we can see other car makers following – this in turn will lead to greater production of the electric vehicle and could then start to push their prices down.

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