Thursday, January 28, 2021

When is the right time to invest in an electric vehicle?

Are you noticing more and more electric cars on the roads? All of a sudden it seems that electric cars have become very popular and many motorists are making the switch. The ban on the sale of petrol and diesel cars has now been brought forward to 2030, but should you be making the switch now or closer to the time?

More models to come

Ultimately, it will come down to personal preference but many motorists are making the switch now and enjoying the perks of owning an electric car. Of course, one reason that a motorist might hold fire is that there may be better and/or cheaper models available in the coming years but you do have a good range to choose from right now and there are affordable models.

Government grant

Another reason to consider making the switch now is that you can benefit from the Government grant. The Government is encouraging motorists to make the switch and are offering a plug-in car grant which can see you save up to £3,000 off a new electric vehicle up to the price of £50,000. This is helpful as these vehicles can be more expensive upfront, although you will be making big savings in the long run.

Join the fight against climate change

It is also important to view the situation in terms of environmental damage because this is a major issue and one which everyone needs to consider. Making the switch now means that you are joining the fight as opposed to joining in a few years and this can make a big difference.

A good time if you need a new car

If you are in need of a new car now, then it is certainly worth looking at an electric as there are so many perks to buying. If you only purchased a car a few years ago, you could put off the purchase for a few years but keep in mind that depreciation could see you lose out on your existing car. You could also look into leasing which could be a good option.

Models available now

As mentioned before, for motorists that are looking to make the switch now you are spoilt for choice. Practically every manufacturer has an electric model available and there are cars in every category whether you are looking for a city car, hatchback, coupe or SUV. A few that are worth researching include:

  • Volkswagen E-Up
  • Renault Zoe
  • Audi E-Tron
  • Volkswagen ID.3
  • Mini Electric
  • Honda e
  • Tesla Model 3

It will come down to your personality and current situation, but now could be a smart time to make a switch to an electric automobile. More and more motorists are making the switch and enjoying the many perks, which include excellent variety, a Government grant, improved technology and infrastructure, financial benefits and joining the battle against climate damage.

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