Electric Car Viability

The vast majority of individuals hold the false belief that electric cars are a modern invention, a fad brought on by increased awareness of the negative environmental impact of the use of fossil fuels. In fact, the use of electric cars predates that of those using an internal combustion engine by almost two decades.

In 1884, the first electric car suitable for mass production was invented by Thomas Parker. It took nearly ten years after this invention for the first commercially viable electric cars to begin production in the United States. For several decades, the electric car proved superior to its gasoline using counterparts, providing consumers with an unmatched level of comfort and reliability.

By approximately 1912, advancements in the development of internal combustion engines made gasoline using vehicles become more popular than electric cars. For the better part of one hundred years after this, electric cars were incredibly rare in the United States, with almost none being produced by manufacturers.

Then in 2008, Tesla Motors sparked a renaissance in the electric car industry with their Roadster, proving to the world that electric cars (when manufactured and marketed appropriately) are a financially sound alternative to cars powered by an internal combustion engine.

For almost an entire century, it was considered common knowledge that the use of electric cars was simply not economically viable for manufacturers and consumers. Although Tesla and their competitors have since proven that to be false, this assumption is still the prevailing view of the average individual who has not done their research.

For manufacturers, the majority of the cost of producing an electric car is the battery. Advancements in energy storage technology have reduced the costs of these batteries to a significant degree, allowing these manufacturers to sell their electric cars at more affordable prices. For the average consumer, purchasing an electric car is still quite a significant investment, as the initial price of one of these vehicles is undeniably higher than that of their gasoline using competition. However, this high cost is mitigated by the fact that over time, the owner will spend significantly less on repairs and maintenance on their vehicle.

According to one study, the average cost of operating and maintaining a vehicle that uses an internal combustion engine is about 1,000 dollars per year. This is more than two times what the average operating and maintenance costs are for an electric vehicle, estimated at about five hundred dollars per year. So over the course of your car’s lifetime, an electric car will prove to be far less expensive than a car using an internal combustion engine. That is without even taking into account the various incentives offered by many governments to encourage a wider usage of electric vehicles, such as tax breaks and subsidies. With those incentives included, electric cars are undeniably the future of passenger vehicles.