The transportation sector is one of the most pressing challenges of our time. With rapid population growth, limited land for development, and increasing expectations for convenience and mobility, urban centers are becoming more congested by the day. The rise of e-commerce has also made retail and business travel faster and more convenient than ever before. To meet this demand, more people are turning to private vehicles as their primary mode of transport. The rise – and surge – in popularity of electric vehicles (EVs) is helping to alleviate some of these pressures. As a result, there are a growing number of advantages that come from owning an EV over a traditional vehicle.
Here, David Solomont, founder and CEO of ev Transportation Services Inc, will explore some key benefits that may tempt you to purchase your own EV instead of your usual car or truck.
Saving on fuel costs
The first major advantage of EVs, according to David Solomont, is how they can help you save on fuel costs. In many parts of the world, fuel costs are as high as 50% of the cost of operating a vehicle.
That is why fueling an EV can often be much cheaper for consumers. Even if you drive the same amount of miles as those who use traditional vehicles, you will still be able to save money on fuel costs by driving an EV. Many governments are also making it easier for EV owners to utilize public EV charging stations, further reducing the cost of fueling your car.
EVs have grown in popularity because modern EV models have improved significantly on the environmental impact of their predecessors. The first EVs were manufactured using designs that often relied on petroleum-based batteries. These early EVs produced a great deal of toxic waste, which contributed to the pollution of both people and the environment.
The first modern EVs, on the other hand, have used entirely non-toxic zinc-flow battery designs that produce fewer emissions than even the best internal combustion engine vehicles. In addition, EVs are also inherently more energy-efficient than ICE vehicles.
“EVs can also help reduce your carbon footprint by helping you to travel fewer miles in a given period of time. This can lead to a reduction in greenhouse gas emissions. EV models with greater range also provide greater independence from fossil fuels, which can be useful in remote regions or in areas affected by natural disasters,” says David Solomont, whose company his company dedicates to designing, developing, and manufacturing all-electric lightweight commercial utility vehicles.
Save Money on Fuel Costs
EVs also provide a major benefit for anyone who uses public transport for their daily commute. EVs can often make travel by bus or train more affordable, as charging stations are often free to use. On the other hand, owning an EV can also help you save on fuel costs in some other ways.
For example, many EV models can help you to earn money on your car by offering an optional membership program through which you can sell unused capacity in your vehicle. With this program, you can set your EV to charge based on the price of electricity in your area, so that you are earning money on any excess electricity that your car provides.
Higher Residual Value of EV Charging Stations
EVs can also help to increase the longevity of the charging infrastructure that supports them. As a result, EV charging stations are often worth more than charging at a traditional wall socket, which can also earn you money on an as-needed basis.
EV charging stations are also becoming more environmentally friendly. Many are powered by solar energy and help to reduce greenhouse gas emissions from the power grid in the same way that rooftop panels do.
Not Just A Luxury Good
One of the most important benefits of owning an EV is that it can be used to help you save money on fuel costs and reduce your carbon footprint. As Solomont specifies, the rising popularity of EVs has also led to a rise in the availability of reliable EV charging stations.
As a result, ownership of an EV can help you to save on fuel costs, reduce your carbon footprint, and earn money on an as-needed basis. The key to unlocking these benefits is to choose an EV model with the right range for your driving needs, and to take advantage of the many advantages that come from owning an EV.
For more articles like this, visit Solomont’s profile on Publication List.