May 28 2024,
If you’re in the market for a new vehicle, you’ve probably been wondering whether you should opt for a traditional gas-powered vehicle, or if an electric vehicle would be right for your needs. When it comes to affordability, there are plenty of factors to consider when purchasing a new vehicle. This guide will help steer you in the right direction, so you can decide whether an EV or a gas-powered vehicle is in your future.
Which Vehicles Have a Lower Upfront Cost?
The sticker price of a vehicle is a big deciding factor in which car a person drives off in. Thanks to recent advances, the starting price of electric vehicles has lowered tremendously, putting them slightly above their gas-powered counterparts. Another thing to consider is that many provinces offer government rebates for individuals who purchase an electric vehicle, so this further lowers the cost of an EV and often brings it into the range of affordability for many people.
Fuel Costs and Your Vehicle
While gas-powered vehicles may have lower upfront costs, it’s important to consider fuel costs in the total price of the vehicle. Many find that, given the rising cost of fuel, an EV will save them more money over time, as charging their new EV is significantly cheaper than filling up a tank of gas. The range of EVs has increased in recent years, and with more charging stations popping up across the country, these cars are perfect for commuting, family adventures, and more.
Is an EV or a Gas-Powered Vehicle Cheaper to Maintain?
Maintenance is a part of life for any car owner, whether you opt for an electric or gas-powered vehicle, but when it comes to maintaining EVs, the costs are lower. Because these vehicles don’t have a traditional internal combustion engine, they have fewer moving parts. Fewer moving parts mean less wear and tear. EVs also don’t require oil changes or engine tune-ups, which saves you money. Some agencies estimate that drivers will spend 40 to 50% less on maintenance costs with an EV when compared to a gas-powered vehicle, which is an important factor to consider.
Saving Money and Helping the Environment With an Electric Vehicle
Not only do EVs save you money over the lifetime of the vehicle, but they also place less strain on the environment because of their lower emissions. EVs run clean and don’t contribute to the production of smog during driving, which is another added benefit when compared to gas-powered options. With all things considered, including the money-saving benefits and positive environmental factors, there are plenty of reasons why a new EV should be in your future.
Enjoy a Test Drive of a New Vehicle Today
Whether you opt for an electric vehicle, or you’re looking for a gas-powered option to get you through daily life, your local Dilawri-franchised dealership is ready with vehicles that will suit your needs. Contact your local Dilawri-franchised dealership to get behind the wheel of a new vehicle for a test drive today.
