The automobile has become one of the things that many people need in their life for work and other purposes. More and more people are moving to new electric cars because of their high quality and cost-saving benefits. If you are considering the purchase of an automobile. Take a look at what might be the significant benefits of electric cars– over petrol cars– which would catch your attention. In this article shared by Qld Cash For Cars Brisbane, you will discuss the advantages of purchasing an electric car over a petrol car.

6 Major Benefits of Buying an Electric Car

• Electric cars are operated with clean energy, meaning they do not cause any pollution.
• They are typically cheaper to buy and insure than petrol cars.
• Electric cars have much higher mileage per charge and battery life than most petrol cars.
• Drivers won’t ever need to spend money on fuel for electric cars since it operates with electricity, and the only additional costs are the occasional toll or parking fee.
• Electric cars can sometimes be worth more to their owners if they can make up the price difference from fuel savings over time on their commute costs alone.
• Thousands of electric car charging stations have been built in recent years, so there is always a place to assess in Australia, no matter where you live.

Electric Cars Vs. Petrol Cars: Which is The Better Financial Investment?

Buying a new car can be costly, with even the cheapest wheels setting you back thousands of dollars. Considering the cost, it’s no wonder that people are looking to future-proof their investment, whether it’s through upgrading or downsizing to match life stages, opting for a more comprehensive manufacturer’s warranty, or even turning to electric vehicles to get forward of the curve (as well as doing their bit for the environment). But when it comes to buying an electric car, what are the costs concerned, and how much money do you save compared to buying a petrol car.

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Electric Cars Vs. Petrol Cars

Electric cars have been earning traction globally and in Australia over the last few years. More brands are attempting their hand at manufacturing, and more technology is being developed to help the next step in vehicular development. But in a head-to-head comparison, how do electric vehicles stack up against the standard petrol vehicle, and what should drivers be aware of?

We’ll discuss the costs and possible savings in several key areas, including:

• Initial purchasing costs
• Running costs
• Maintenance and servicing costs

Electric Car Vs. Petrol Car Purchasing Costs Compared

Buying a brand-new car will always be a significant expense, with even the most affordable of the reasonable costing you tens of thousands of dollars. But what’s the price difference between buying a new petrol car and a new electric vehicle?

Petrol: A brand-new petrol car can be picked up for under $19,000, with small vehicles such as the Mitsubishi Mirage, Suzuki Baleno, MG 3, and Kia Picanto all available from around this price.

Electric: On the other hand, electric cars cost between $40,000 and $50,000 at a minimum, with the MG ZS EV and Hyundai Ioniq currently the cheapest available at the time of writing.

While incentives are available to those looking to buy electric in certain states and territories – and base-level electric cars typically come with more attributes than base-level petrol cars – the initial price is a substantial obstacle for many looking to buy a new car. Add in the cost of installing a charging station in your home, and it can be a big hit to your finances. However, as more brands are looking to enter the EV market and the technology becomes more reasonable, it’ll likely drive electric car prices down in the future.

Electric Car Vs. Petrol Car Running Costs Compared

One of the most significant benefits of an electric car is the running cost, with electricity (generally) cheaper than petrol. But how much does it cost to run petrol and an electric vehicle?

The Electric Vehicle Council calculates that the average Australian drives 15,000km and spends around $2,160 on petrol per year, which works out to be $0.14/km. Electric vehicles crossing 15,000km would cost around $600 per year in electricity costs to set, which operates out to be $0.04/km. That’s a contrast of about $1,500 per year.

However, how much money you may save on running costs will vary on several factors – such as how much you drive, the petrol type, as well as your electricity provider, and the time of day you’re charging your car – but for the most part, electric vehicles are cheaper to run than petrol cars. You won’t have to deal with the price volatility at the petrol bowser either. And if you have a solar system installed, you may be able to charge your EV with little to no added cost to your energy bill.

Electric Car Vs. Petrol Car Maintenance & Servicing Costs Compared

Maintenance and getting your car regularly serviced can be a costly endeavor but crucial if you want to keep your new pride and joy running smoothly. Servicing costs will vary depending on whether it is a minor or major service, and most new cars will also have new car servicing arrangements with the dealership. For the most part, though, electric vehicles are generally cheaper to service as they have fewer moving parts, with no need for spark plugs, valves, or pumps to be checked and replaced and no need for oil changes.

How much money do you save with an electric car?

We all want to get the best deal possible when buying a new car. Wwhether that’s a discount on the price tag or cheaper servicing if you take it back to the dealership. But if you opt for an electric car over a new petrol model, how much are you saving?

The money-saving element of an electric vehicle comes in over the long term. With lower running and maintenance costs compared to petrol engines. But with more increased upfront expenses, you may not be around in the black for a bit. It relies on various factors. Such as how much you bought your car for. how much you move, and the state of the fuel and electricity drives as time goes. Suggesting it’s not so cut and dry. But like any more recent technology, supporting earlier may have some significant returns down the line.

Are electric cars worth buying in Australia?

It’s easy to be tricked by the latest model to hit the car market. With the sleek design, flashy interior, and fancy features enough to get even the most frugal drivers reaching for their wallets. But when it comes to forking out for a new car are electric cars worth buying?

The short answer is: maybe. Finally, buying a new car is entirely dependent on what you need a new car for. If you’re looking for something to help you get your groceries earlier a week. It may not be worth setting your sights on an electric car. Still, if you’re looking to upgrade or drive regularly and aren’t afraid of investing a bit more money upfront. then an electric vehicle may be worth exploring.

One of the main selling points is that the EV market is still in its infancy in Australia. Meaning there are plenty of upsides as the technology improves, the supporting infrastructure becomes more commonplace. More brands enter the market to drive down the prices through competition. If you’re still not sure about electric vehicles. Check out the guide on the pros and cons of electric cars. To see what else you should consider when looking to buy.

Author Bio

Qld Cash For Cars is one of the best auto-wrecking yards in Brisbane. You can quickly sell your old unwanted vehicles for dismantling and get top dollars on the spot. They buy all makes of cars regardless of their condition. They cover more than 250 suburbs in Queensland. Including Eastern, Western, Southern, Northern, and Brisbane city center, and can tow your car from your home. Also, We service Ipswich, Gold Coast, Sunshine Coast, and Springfield.