economic factors.R1
Economic considerations of EVs sept 2023 economic factors to consider: Is the perception ev's save money true? Theres many types of ev : electric vehicle(EV) Battery electric vehicle (BEV) hybrid(HEV) Range-extended electric vehicle (RE-EV) plug in hybrid (PHEV) Mild hybrid electric vehicle (MHEV) Some people buy electric cars because they’re fascinated by the tech, while others base their decision on an ethical desire to ‘go green’. Cost should be considered when buying an EV The purchase price of an EV is higher than that of an ice car. However, electric vehicles are cheaper to operate and maintain. The cheapest new electric car currently available in the UK costs around £21,000 after deducting government-funded purchase grants Buying used is a much cheaper option, but you do have to factor in a slight reduction in battery life, and buying a new battery is almost as expensive to write off. In general, EV batteries have a long lifespan and are less likely to deteriorate. How...