Benefits of Owning an EV
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6 Reasons To Buy An EV
Electric vehicles are surprisingly affordable when you consider the following factors:
Reduced Fuel Costs
The average Canadian spends approximately $3,000 on gasoline annually. A Battery Electric Vehicle (BEV) runs on electricity, costing only a fraction of this amount.
Lower Maintenance
EV owners not only save on fuel but also spend less on maintenance. EVs require less frequent and less complex maintenance than conventional gas vehicles, saving the average BEV owner about 40% to 50% in maintenance costs.
Lower Insurance Rates
Some insurance companies offer incentives and discounts for electric or hybrid vehicle owners.
Life-Cycle Costs
In Canada, where much of the electricity comes from low-emission sources like hydro and nuclear power, owning an EV can reduce personal vehicle greenhouse gas emissions by over 60%. This reduction can result in savings of nearly $3,000 per year in fuel costs. Although initial manufacturing emissions are higher for EVs, the low emissions while in use mean that, within two years, gas-powered vehicles catch up and surpass the emissions from an EV.
Incentives & Resources
Public and private incentive programs make EV ownership more accessible. According to a survey by the Canadian Automobile Association (CAA), the majority of EV drivers (73%) who received a government incentive cited them as having a high influence on their purchase decision. The Government of Canada’s Zero Emission Vehicle (ZEV) Program offers point-of-sale incentives ranging from $2,500 to $5,000 for consumers who buy or lease a ZEV.
Easy At Home Charging
Installing an EV Charger requires a licensed electrician and is a simple setup process with many benefits, including adding value to your home. Many companies offer customized installation options to fit your home and charging needs.
Reduced Fuel Costs
The average Canadian spends approximately $3,000 on gasoline annually. A Battery Electric Vehicle (BEV) runs on electricity, costing only a fraction of this amount.
Lower Maintenance
EV owners not only save on fuel but also spend less on maintenance. EVs require less frequent and less complex maintenance than conventional gas vehicles, saving the average BEV owner about 40% to 50% in maintenance costs.
Lower Insurance Rates
Some insurance companies offer incentives and discounts for electric or hybrid vehicle owners.
Life-Cycle Costs
In Canada, where much of the electricity comes from low-emission sources like hydro and nuclear power, owning an EV can reduce personal vehicle greenhouse gas emissions by over 60%. This reduction can result in savings of nearly $3,000 per year in fuel costs. Although initial manufacturing emissions are higher for EVs, the low emissions while in use mean that, within two years, gas-powered vehicles catch up and surpass the emissions from an EV.
Incentives & Resources
Public and private incentive programs make EV ownership more accessible. According to a survey by the Canadian Automobile Association (CAA), the majority of EV drivers (73%) who received a government incentive cited them as having a high influence on their purchase decision. The Government of Canada’s Zero Emission Vehicle (ZEV) Program offers point-of-sale incentives ranging from $2,500 to $5,000 for consumers who buy or lease a ZEV.
Easy At Home Charging
Installing an EV Charger requires a licensed electrician and is a simple setup process with many benefits, including adding value to your home. Many companies offer customized installation options to fit your home and charging needs.