Are Electric Cars Here to Stay?

With the recent news that governments in Europe are going to ban diesel and petrol cars by 2040 has led to a real belief that electric cars are the future.

Here are 5 reasons why you don’t need to worry about the diesel and petrol ban, because electric cars are the future and they will be here to stay.

Electric cars will go as far as petrol cars by 2020

A recent report by the leading Dutch bank ING claimed that all vehicles will be electric in Europe by 2035. At first I thought that sounded like pure fantasy but the report does make some realistic predictions to back it up. One of the predictions is that electric cars will have no ‘range’ issues by 2020. So in 3 years time you’ll be able to go as far in an electric car as you can in a petrol car.

There are going to be more charging stations than there are petrol

Charging your electric car has been an issue that many people think can cause them problems. Well this is no longer the case. Currently there are 8,459 petrol stations in the UK (in 1970 there were over 37,000).

There are around 4,500 charging stations located around the UK today. That may not seem like a huge amount but you should consider the following 2 things:

  • You can charge your electric car at your home, something you really are not able to do with a petrol car. If you travel regularly and not too far, this means that you won’t ever need to stop off at a charging station because you’ll be able to simply plug the car into the wall of your home.
  • Nissan reported in 2016 that when we enter 2020 there would be more charging stations than there are petrol stations. The days of worrying about charging will soon be a thing of the past.

Electric and Petrol cars equal in price

It is fair to say that at the moment electric cars are not all that cheap. If you look at the Tesla Model S for example, you can expect to pay anywhere from $60,000 minimum all the way up to a huge 120,000 for the top of the range. Even their cheaper Model 3 is expected to cost around 35,000, which can hardly be called entry-level price for most consumers.

There’s no need to panic! The Model 3 will already have brought the cost of an electric car down greatly and that decrease is likely to continue. This I all due to economies of scale, as Tesla and other manufacturers start to mass-produce their vehicles we can expect the price to start coming down rapidly.

The Nissan Leaf model, which is going to launch in 2018, will be the first example of this. At the moment it starts at around 25,000 dollars – experts believe that the 2018 model with it’s lower price is going to mark the beginning of a steep downward spiral in the cost of electric cars.