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5 Benefits of Owning Electric Vehicles

Benefits of Electric Vehicles

If you’re keeping an eye on the latest car news, you recognize that things in the auto world are about to change for the better. The EPA is proposing its strictest-ever emissions limits for vehicles as of 2027. If you’re looking to acquire a new set of wheels by then, now is the time to consider greener, more sustainable electric vehicles.

The electric and hybrid motor industry is in transition, but things are beginning to look up for conscientious drivers. New makes and models are constantly emerging, and it’s never been easier to charge up on the go.

If you’re considering transitioning to an electric car, what’s holding you back?

Below, we’ve outlined five of the most compelling benefits of choosing an EV. Read on to prepare for the future of the automotive industry—and the world.

1. Price

There is a pervasive myth that electric cars are unaffordable. While they may have been pricey when they were a brand new concept, that’s no longer remotely true.

Today, even new models are competitively priced to make them more accessible to the average driver. You can usually acquire a brand-new electric vehicle in the range of $30,000. Now that the novelty has worn off, nearly every model is in-market and available at an accessible price point.

If you’re open to a used hybrid or electric car, you can save money while you save the planet.

2. Affordability

Are you aware of how much you spend on fuel each month? Recent data suggests EV drivers save an average of $1,000 annually on gasoline alone by charging up instead of filling up. Energy prices tend to remain consistent from year to year, so you won’t have to adjust to dynamic changes in oil prices.

3. Low Maintenance

Manufacturers construct electric cars with fewer moving parts. This is good news for owners, as it leads to lower overall maintenance costs. You won’t ever need an oil change, and manufacturers guarantee most batteries for nearly a decade.

4. Extra Incentives

The government wants more drivers to choose electric cars to help reduce volatile emissions. Thus, new EV owners are eligible for a federal tax credit just for buying a new car. This $7,500 credit can make your new wheels even more affordable.

5. Ecofriendliness

As the earth continues to suffer the long-term effects of climate change, electric vehicles are the future. When you drive electric, you’ll know you’re doing your part to make the world livable for generations to come.

Supercharge Your Life With Electric Vehicles

In light of the most recent auto industry updates, this is the perfect time to think about the future—the future of the planet and your future vehicle. We encourage you to embrace the change and consider the above benefits when picking your next set of wheels. In the meantime, we’ll continue to update you about what’s new with EV as you transition to a greener ride.

Don’t fall for the myth that sustainable and eco-friendly electric vehicles are an overpriced indulgence. Red McComb’s Drive Away Motors offers a range of used hybrid and electric cars at price points anyone can afford. Browse our current selection, and you might drive away in an environmentally friendly new car sooner than you think!

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Automotive Technology 2023

New Car Technology in 2023

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Automotive Chip Shortage Likely To Persist Through 2023

While consumers line up to purchase new vehicles, car dealerships offer limited options at high prices because of the shortage of semiconductor chips. This article will explain what caused the chip shortage and help you decide if this is still the right time for you to purchase a new vehicle. What’s Causing The Chip Shortage? The shortage of semiconductor chips is due to the COVID-19 pandemic, which simultaneously increased demand for electronics such as cell phones, which the same chips are used in, and forced dealerships and manufacturers to close down. Many automakers canceled parts orders based on the low demand for vehicles during this time and haven’t been able to rebuild their supply. Several countries where the chips are manufactured are still seeing a surge in cases of the Delta variant of COVID-19, worsening the supply shortage. Right now, some of the largest manufacturers of semiconductor chips make most of their money from personal electronics. Bill Jewell, the Semiconductor Intelligence President, notes that TSMC, the dominant wafer foundry, only makes 5% of its revenue from the auto industry, compared to 38% coming from smartphones alone. This makes the auto industry a lower priority. Supply and Demand Automakers underestimating demand also caused part of the shortage. After the initial drop in sales during the pandemic, dealers quickly moved to selling vehicles online and offered 0% financing offers. This led to sales skyrocketing, and because of the chip shortage, there weren’t enough new cars being made to replace the ones that sold so quickly. Demand has fallen in recent months, but the shortage in ready to drive cars has led to limited choices for those who have to purchase now. Why Buy Now? According to CoxAuto, the main reason people are purchasing new cars currently is that their current vehicle is damaged, unreliable, or a lease is expiring. This means that customers are spending less time in the market considering which vehicle to purchase, and considering less expensive options, such as used cars or economical models. Purchasing a new car can have other benefits aside from the obvious. A more fuel-efficient car will save you money over time, despite being a large up-front purchase, and a newer car is less likely to need extensive repairs. If you’re spending a year’s worth of car payments on an older vehicle just to keep it on the road, it’s time to look for a new one. Safety features are also important to consider, and they can save in health care deductibles, auto insurance premiums, and days missed from work. Looking For A New Car? If you’re in need of a new car, you need a dealership you can trust to sell you a good car at a fair price, instead of taking advantage of you during the purchase. Red McCombs Drive Away Motors has been the most trusted dealership in Texas for over a decade. We work with dozens of financial companies to help people with damaged credit get the financing they need to buy a car, truck or SUV. Visit us at Red McCombs Drive Away Motors today, or drop by our nearest location!