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Buying an Electric Car: Common Concerns

miio

Publication date: 01/10/24

The decision to switch from a combustion vehicle to an electric car still raises questions for many drivers. Concerns like range, charging time, and initial costs are often seen as barriers to making the transition. However, the electric vehicle market has been rapidly evolving, and many of these issues now have solutions or are continuously improving.

In this article, we will explore the most common concerns about purchasing an electric car, addressing drivers' key questions. Using concrete data and practical examples, we aim to show how this transition can be advantageous both economically and environmentally.

Range

Range is a key concern for many drivers considering an electric car. However, recent technological advances mean that today's models offer much greater range than just a few years ago. Many electric cars now have ranges exceeding 300 km on a single charge, with some models even surpassing 500 km.

Moreover, most people use their cars for short daily trips, such as commuting to work or running errands, which are well within the range of most electric vehicles. For longer journeys, the growing number of fast-charging stations along major routes ensures that drivers can make quick charging stops without major delays.

Charging Time

Charging time is, understandably, another common concern. However, the advancement of fast-charging stations has significantly reduced waiting times. At fast-charging stations, it's possible to recharge up to 80% of the battery in under 30 minutes, making a coffee break a perfect opportunity to recharge and get back on the road.

For daily use, charging can be done overnight at home, using domestic chargers that typically fully charge a vehicle in 6 to 8 hours. This setup offers convenience, ensuring the car is always ready in the morning, eliminating the need for frequent stops at petrol stations, as with combustion vehicles.

Charging Infrastructure

The charging infrastructure for electric vehicles has expanded rapidly, both in urban areas and along motorways. In Europe, there are now thousands of fast-charging stations along key routes, allowing drivers to plan long trips without worry.

Additionally, the AFIR (Alternative Fuels Infrastructure Regulation) is in place to ensure adequate infrastructure is established along major motorways connecting cities and countries, standardising payment methods and simplifying the user experience.

To make things even easier, apps like miio provide drivers with the peace of mind of locating charging stations throughout their journey. With miio, it's possible to efficiently plan charging stops, calculate the necessary time, and find the nearest stations, making long trips in an electric car increasingly practical and safe.

Battery Durability

Battery durability is a recurring concern for those considering an electric car. However, manufacturers have significantly invested in developing more efficient and long-lasting batteries. Most electric vehicles now come with warranties of up to 8 years or around 160,000 km, reflecting the manufacturers' confidence in their longevity.

Furthermore, electric vehicle batteries are made up of modules, meaning that if a specific module fails, it can be replaced without the need to change the entire battery. This reduces repair costs and time, making maintenance more straightforward. And if a manufacturing defect occurs within the warranty period, the manufacturer covers the replacement or repair at no additional cost to the owner.

Studies also show that even after many years of use, batteries retain much of their original capacity, allowing the vehicle to continue providing good range. The need to replace batteries is becoming less frequent as new technologies and materials ensure longer-lasting and more reliable battery life.

Initial Cost

The purchase price of an electric car is often cited as one of the biggest obstacles for drivers considering the switch. Indeed, electric vehicles can have a higher upfront cost compared to combustion models. However, it's important to look at the long-term picture, where savings start to outweigh the initial investment.

The absence of fuel costs and reduced maintenance, thanks to the simpler mechanical structure of electric cars, result in significantly lower operating expenses. Additionally, in many countries, government incentives help lower the purchase price, including subsidies, tax breaks, and benefits like free or discounted parking in urban areas.

These savings, combined with the increasing price competitiveness of the electric vehicle market, make the initial cost a factor that can be quickly overcome when viewed from a broader perspective.

Cost Savings

One of the major benefits of an electric car is the long-term cost savings it offers. Although the initial cost may be higher, electric vehicles incur significantly lower running costs. The price of electricity used to charge an electric car is often a fraction of the cost of fossil fuels. Additionally, there are many home-charging options with lower tariffs at specific times, which allow for even more savings.

Maintenance is another key factor. Electric cars have fewer moving parts than combustion vehicles, drastically reducing the need for repairs. There are no oil changes, belts, or exhaust systems, and less wear on parts. This results in fewer trips to the garage and lower maintenance costs.

When we look at the long-term picture, the savings generated by electric vehicles offset the higher initial cost. Combined with tax incentives and benefits offered in various countries, the electric car stands out as a financially advantageous choice.

Depreciation

Depreciation is another frequent concern for drivers. While combustion vehicles follow a predictable depreciation curve, electric cars are in a rapidly growing market, which can create uncertainties. However, the accelerating demand for electric vehicles, driven by the global shift towards more sustainable mobility, has helped stabilise the resale value of these cars.

With the constant evolution of batteries and charging infrastructure, electric vehicles remain relevant for longer, helping to reduce depreciation. Additionally, many countries offer incentives and benefits for purchasing used electric vehicles, which can help preserve their value in the second-hand market.

It's also important to note that as environmental regulations become stricter and combustion vehicles lose their appeal, electric cars are likely to appreciate further. While depreciation is a valid concern, the trend is that electric vehicles will retain their value more competitively over time.

Conclusion

Concerns about buying an electric car are understandable, especially with so many innovations and changes taking place. However, by objectively analysing each of the main doubts, it's clear that the evolution of technology, the expansion of infrastructure, and long-term savings make electric vehicles an increasingly advantageous option.

From range to battery durability, along with financial incentives and reduced maintenance, electric cars already present themselves as a practical and sustainable solution for today and the future. With more information available and the support of tools like miio, which simplify the charging and trip planning process, it's possible to overcome any doubts and embrace a more efficient and eco-friendly way of driving.

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