Once upon a time, it was a rarity to know someone who drove a hybrid vehicle, and even more of a rarity to know someone who had an electric vehicle. But these days, you probably know several people who drive an alternative fuel vehicle. Pull into the parking lot of the grocery store, and you’ll likely see half a dozen or more.
The Sales and Leases for an alternative fuel vehicle are on the rise, so you can expect to see more of these vehicles on the road and in your neighborhood. Here are a few of the reasons why these vehicles are becoming more popular:
The Technology is More Accessible
When the alternative fuel vehicle first came on the scene, the technology was brand new. These cars were a novelty because the technology was nothing that we’d seen before. Many automakers didn’t want to invest in it because it was expensive and harder to create.
Computers have shown us that technology advances at breakneck speed. Now, the technology that makes these vehicles possible is much more widely accessible, which means that the vehicles are cheaper and easier to create.
Today’s Alternative Fuel Vehicle is Less Expensive
The early days of hybrid and electric vehicles came with huge sticker prices. Not a lot of people were driving these vehicles because not a lot of people could afford them. Now that the technology is more widespread, the vehicles cost less. And as more people buy them, the price is going down, even more, creating a positive feedback loop. We’re even going to see the introduction of an all-electric Tesla that costs less than $40,000.
Manufacturers of Electric Vehicles are vamping up mileage for drivers. The Chevy Volt offers drivers up to 53 pure electric miles and up to 420 miles with a full charge and a full tank of gas starting at just under 27,000 with the federal tax credits.
Many alternative fuel vehicles are not only less expensive to buy, but they are also less expensive to own. They don’t cost as much to fill up or to maintain. Electric vehicles don’t require oil changes, and they rarely break. The lifetime cost of ownership is much less than for a gas vehicle.
Electric vehicles can only hold a charge for so long –– just like your cell phone or your laptop. When you need to recharge your cell phone, you can plug it in anywhere you can find an outlet. But when you need to recharge your electric vehicle, you need to find a special spot to plug it in. After all, there isn’t an outlet next to the gas pump.
An electric charging station used to be very hard to find, but cities are making them more available. You can find them at public spots, as well as in company parking lots. You’ll have more opportunities to charge your car, which means that you can travel longer distances.
Hybrid vehicles, electric vehicles, and those that use alternative fuels are going to become more common. They are the vehicles of the future, and they are becoming more accessible to people in all places and all walks of life. You can buy everything from sedans to SUVs to trucks that run on alternative fuel sources.
Federal Tax Credits
Federal tax credits are available in the United States. Under the Drive Motor Vehicle Tax credit program, with the purchase of a qualified Plug-In Electric Vehicle, the tax credit is available for the purchase of a new electric vehicle as long as it meets specific criteria.
For more information on where you can find electric charging stations in your area go to Plug-in America at https://pluginamerica.org/get-equipped/find-an-ev-charging-station/