Australia’s electrical vehicles (EVs) sales are rising at a healthy rate with combined sales of hybrid, plug-in hybrid, and battery electrical vehicles almost tripling over each of the last two years. Australians considering purchasing an EV are flooded with information and opinions because the vehicles have become very popular. Many electric vehicle models are expected to hit the market soon, and many Australian consumers have started seriously examining them for use in combustion engine (ICE) automobiles.
You’ll find various benefits to owning an EV, whether you’re seeking environmental advantages or financial ones.
EVs have far lower operating costs due to their simpler maintenance schedule and cheaper supply. Homeowners of EVs often save between $810 and $1400 per year, which translates to up to $7000 in savings throughout a five-year ownership period.
Moreover, maintenance is also easy. their parts are easily available online. For example, you can buy a type 2 charging cable from Jucer Charge On which is compatible with automobile brands. The Type 2 Charge Cable can function down to -30°C and up to 55°C, which is perfect for Australian weather. Since Jucer is passionate about EV technology, they ensure that the best is delivered to their customers.
When you choose to drive an EV, you help reduce hazardous pollutants from exhaust emissions. When an EV is charged from the electricity grid, it still emits some gas even if it has no exhaust emissions. You can further reduce your gas emissions if you have a solar PV system and charge your EV continuously throughout the day. Purchasing GreenPower from your local electricity retailer is also an alternative. The electricity you use thereafter is generated from renewable sources, even if you recharge your EV from the power grid.
The United States Department of Energy claims that EVs convert over 77% of the grid’s electrical energy to power at the wheels, in contrast to ICE vehicles, which only convert 12- to 30% of the energy stored in gasoline to power at the wheels. This implies that less energy is needed to power an EV, saving you money that might be used for many other important things.
Advantages include a $3000 rebate for the first 25,000 EVs purchased for less than $68,750 and revenue enhancement exemptions for EVs purchased for less than $78,000 for NSW residents interested in electrical vehicles.
Additionally, there are revenue enhancement exclusions in the ACT and Tasmania as well as a $1500 revenue enhancement cut starting in 2022 that will last for five years (the Northern Territory is additionally giving free registration for 5 years from 2022; the ACT has free rego for 2 years).
For the first 4,000 EVs acquired for less than $68,740, Victoria is offering a $3000 rebate. The incentive amount for the remaining 16,000 EVs is still to be established.
Better Economy for Australia
A little-known fact is that Australia is the world’s largest consumer of lithium, which is used to make the batteries used in electric vehicles. As the first component used in the construction of EV batteries, Lithium’s demand may rise as electrical vehicles’ quality rises. This could present Australia with numerous economic prospects.
There are endless benefits to owning an EV. Don’t think much just contact your nearest showroom to get the best deal and benefit from the federal government.