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Thursday, 28 July 2022

5 Reasons Electric Vehicle Sales Are Soaring


5 Reasons Electric Vehicle Sales Are Soaring


 1. Spiking Gas costs 

Independence from gasoline is one of the greatest causes to buy an electric vehicle. Not only due to  the expense but simply eliminating the require to stop at a gas station from time to time. Many people have recognize that electric vehicles allow the convenience of easily charging your vehicle while you sleep, in the comfort of your own home, and then getting on with your day the next morning.

Not having to a stop at a gas station is a true luxury. Furthermore, gas station costs are higher than ever before worldwide, and not only this, but it's extremely tough  to predict when these spikes in gas prices will occur—also  when they will go down again.

Users  are more aware of the toll on the environment that constantly refilling at a gas station entails, another major plus point of EVs.

2. EVs Are Becoming More Reasonable 

EVs are slowly becoming more accessible for the common new car purchaser. It wasn't long ago that EVs were prohibitively expensive, such as the Tesla Model S or Model X. Now, Tesla gives  the Model 3, which is not "cheap" but is a choice  that opens the electric vehicle market to a lot more people.

Add in the fact that Hyundai is even giving the Kona EV, which starts at $34,000, and you have an even more affordable choice for people that want to get in on the EV game. Nissan is leading the charge with its Nissan Leaf (which, to be fair, has been around for a long time, but now it's a more complete package with a decent price ) begining  at $27,800.

Buying an EV no longer requires your life savings, and consumers are noticing, driving EV sales.

3. Government Incentives

The government is even doing its part in helping lure new customers to the world of electric vehicles. People searching to purchase a new EV may qualify for a federal tax credit of up to $7,500, which is a great incentive that supports reduce the cost of an electric vehicle versus a traditional car.

The federal tax credit has been obtainable for quite a while now, and some manufacturers, such as Tesla and GM, have long run out of eligibility. They ran out due to they've sold more than 200,000 vehicles that qualified for the tax credit. Not to concern , though, because most vehicle manufacturers that sell EVs do qualify for the full tax credit, and $7,500 off of your next EV is definitely something to smile about.

4. More EV Options , More EV Manufacturers

Generally , when the conversation turns towards EVs, people instinctively think of Tesla or a Toyota Prius for some odd reason (mainly weird because it's not even a full EV). And even though Tesla has sold several  EVs, their vehicles are out of range for many people's budgets.

But, now, several  automakers are joining the EV party, the choices are seemingly endless, and many more are on the way. Recently , many car manufacturers give EVs, and they are instantly recognizable names. For example, among VW's EV givings in the US is the fully electric ID.4, while Hyundai, Kia, and even Mini have some excellent EVs already on the market.

This new pool of electric vehicle offerings permits car buyers to choose an EV because they like what it gives as a car versus simply purchasing it because it's electric. This is mainly  true for new EV pickup trucks because people who required  a utility vehicle like a pickup truck couldn't buy an EV—not because they didn't like EVs, but because the option wasn't there.

5. Improved EV Range and More Charging Stations

When electric vehicles first appeared on the scene, everybody criticized the fact that their cost  was nowhere near that of a gasoline vehicle. But the new crop of EVs all feature extremely respectable battery ranges and can be used as a regular driver without a second thought. Lucid even provides an EV with 500+ miles of range, which is incredible, and beats the ex-king of range, the Tesla Model S.

Also the more affordable EVs have developed their range thanks to improvements in battery technology over the years. For example, you can now get a Nissan Leaf that's good for more than 200 miles of range, which will suffice for most people going about their regular commute without the require to recharge during the day.

Not to mention the fact that a charging stations are popping up all over the nation. Tesla's Supercharger network directed the way, but giants like Electrify America and ChargePoint even contribute to robust EV charging infrastructure nationwide.

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