Worldwide, Tesla Electric vehicles are gaining popularity as people become more concerned about climate change. If you’re considering moving to an eco-friendly vehicle, read on. We address the most popular questions about purchasing and owning a TSLA (tesla stock) electric car.
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How Much To Buy An Electric Car?
Usually, Electric vehicles are more expensive than gas-powered counterparts. Prices range from $30,000 to $40,000, but some jurisdictions offer incentives and discounts to make them more affordable.
How Eco-Friendly Are Electric Vehicles?
Many people prefer electric vehicles for environmental safety. Fully-electric vehicles have zero tailpipe emissions, but not 100% emission-free. Many lithium-based electric vehicle batteries provide more energy than gas-powered vehicles. Studies, however, show that electric vehicles and plug-in hybrids produce less lifetime polluting emissions than gas-powered cars.
Is Owning An Electric Car Economic?
Electric vehicles cost more to purchase, but are more economical than gas-powered cars. First, fuel prices are lower. On average, charging an electric vehicle costs $300 to $400, depending on when and where you charge it. A standard hybrid plug-in costs around $700 / year. By contrast, fueling a gasoline car will cost you $1,000-$2,500 a year. Also, Electric cars are much easier to maintain and operate since they have less moving parts and require no oil changes. You can also save money on auto insurance.
What’s The Difference Between An Electric, Hybrid, And Hybrid Plug-In?
Unlike electric vehicles with electric motors and rechargeable batteries, hybrids operate on gasoline and electricity. As the combustion engine works, it charges the electric engine battery. Plug-in hybrids can be charged in the same way as electric cars, but they also have fuel back-up engines, eliminating the range of anxiety you get with full-electric vehicles.
Could Electric Cars Survive Winters?
In winter, electric car batteries will lose more than half their range. You can partially compensate for this by warming up the car while it is still plugged in, using economy mode settings, and keeping to speed limit. People who drive 20 to 100 km a day and have access to a charging station might find an electric car the right option, even in winter. Another option is to purchase an electric vehicle with a long-range battery, but it costs more.
How Far Can I Drive An Electric Car Before Recharging?
Depending on road conditions and driving habits, the average is 140-450 km per single charge. For most people travelling less than 80 km / day, that’s perfect. But an electric vehicle may not be the best option for longer journeys, as charging stations may be difficult to find. Plus, there are 3 regular charging stations. Depending on the type of charging station you locate, it might take 10 minutes … to 8 hours to charge your car!
Good news? Charging stations appear everywhere. There’s a growing network of 5,000 + charging stations. Some provinces provide rebates and subsidies when you install a charging station at home, and new condominium buildings also have parking lot charging areas.
An Environmentally-Friendly Alternative
Despite their disadvantages, electric cars can be a cost-effective, environmentally-friendly form of transportation and a more feasible alternative to our pollution woes. Some countries and carmakers already promise to end gas and diesel car sales in the near future. Decide if the pros outweigh the cons is up to you. You can check its income statement at https://www.webull.com/income-statement/nasdaq-tsla if you want to buy its stock.