Driving Electric Cars Saves Big Bucks

Driving Electric Cars Saves Big Bucks

Driving electric cars saves big bucks, according to a new study.

The study was conducted by the Canadian environmental group the 2 Degrees Institute.

The savings are substantial.

Driving electric cars saves anywhere from 66 per cent to 77 per cent in fuel and operating costs, the report notes.

And because electric cars have fewer moving parts service costs were lower.

Depending on the province, the savings could range from $23,000 to $36,000 over 10 years.

Or $27,000 to $38,000 over a vehicle’s lifetime of 250,000 kilometres driven.

The study bases its conclusions on studying driving and maintenance costs in 10 different provinces.

Two popular cars were used in the study.

The 2018 Volkswagen Golf hatchback and the 2018 Kia Soul EX hatchback.

Both are available in an electric and non-election version.

Purchasing an electric car is more expensive.

Sales of electric cars are low in Canada.

In May they accounted for only two per cent of all car sales.

The Volkswagen costs an extra $12,800 and for Kia it is $7,860.

Driving Electric Cars Saves Big Bucks

So Canadians are reluctant to buy electric cars because of the higher costs.

But that is a myth.

Why?

Because a lot of Canadians aren’t aware of available government subsidies when going the electric route.

For example.

Two provinces offer rebates for buying electric cars.

They are British Columbia and Quebec.

Ontario had one but its new Premier Doug Ford scrapped it.

In Quebec rebates bring the price difference for the Kia down to $4,850, and around $140 for the Volkswagen.

In B.C.the price difference could go as low as $1,850 for the Kia.

And $2,860 for the Golf.

But the purchase has to be part of B.C.’s Scrap-It program.

It offers $6,000 if another car is traded in for a new electric vehicle.

Electric vehicle sales are low in Canada — in May, they accounted for just two per cent of all vehicle sales — likely in part due to their reputation of being more expensive.

Electric cars are the future.

In Norway 50 per cent of all new car sales are electric.

In California they total 10 per cent and in China five per cent.

“We knew that Electronic cars were less expensive to operate, but after running the numbers, we were completely surprised by how substantial the savings were,” says James Pawley.

He is a professor at the University of Wisconsin-Madison and one of the researchers of the study..

Here is the full report.


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