The need for acessible electric vehicles and infrastructure
Electric vehicles are hot on the market — but how do they fare on your wallet?
EVs offer promises of long-term savings and environmental benefits. However, their financial accessibility is far out of reach for many. Options are limited when it comes an affordable price tag and reassuring drive range. With several choices under $50,000, this still imposes a financial barrier in taking the plunge into the world of electric driving.
Many Canadians strive to make changes for a cleaner, better future. But how does the average household afford an EV with a reasonable kilometre range? The consumer demand can gauge the market, but with the provincial rebate cuts on EVs, only certain models are eligible for the federal incentive of up to $5,000.
Savings can be found in gas costs and lack of preventative maintenance such as oil changes, and most EVs don’t need a break replacement until they’ve hit 300,000 kilometres. But despite these savings, more and more models in the electric market are catered to the upper class income levels.
The launch of the Mercedes Benz EQC is the first ever fully-electric SUV produced for Mercedes. It is a sole competitor for the Tesla Model X. The starting price for the Model X starts at $115,990 while the price point of the EQC is anticipated to be in relative comparison when it hits the market in 2020. The Tesla Model 3 starts at $54,990 and is estimated to save $6,700 on gas for an estimated annual average of 15,000 to 25,000 kilometres.
This brings the cost down, but not enough to break the financial burdens of the initial investment. Tesla directly compares the Model 3 to a BMW 3 series — but BMWs are not cars the average person can afford.
We need economic options for EVs to allow a promising future of increased infrastructure that supports their development and pushes the electric movement forward. Having the early-adopters of EV infrastructure to thank, Petro Canada has made a commitment to install 50 fast-charge stations along the TransCanada highway from Nova Scotia to British Columbia. While it’s free to charge now, pricing is set to be implemented this fall.
Imagine driving across the country, spending only dollars to charge instead of hundreds in gas. Imagine fully embracing the world of electric, and leaving internal combustion vehicle emissions in the dust. It’s time to make this vision our reality. It’s time for more gas giants to adopt new technology and help pave the path towards a healthier future.