Electric Vehicles Are More Affordable and Capable Than Ever

January 18th, 2022 by

There’s a widely held perception that you have to spend a lot of money to buy a Battery Electric Vehicle (BEV) or Plug-in Hybrid Electric Vehicle (PHEV), but that reality is quickly becoming a thing of the past! At Schomp Hyundai, we’re looking to the future, and let us tell you, the future is ELECTRIC.

 

Hyundai offers the widest range of electrified vehicles (battery, fuel cell, plug-in hybrid, and hybrid) on the market. The manufacturer is in progress to achieve carbon neutrality by 2045. From green energy innovations to developing next-gen transportation platforms, Hyundai is driving toward a more sustainable future. 

 

Surveys show that drivers who have driven one of these cars or trucks find they’re loving the fast acceleration, smooth handling and quiet ride of electric vehicles. But according to Cars.com research, “The primary obstacles preventing consumers from buying electric vehicles are cost (34%), limited range (32%) and a lack of charging stations (32%).”

 

The latest fully-electric Hyundai Ioniq models address these concerns. With a single charge, you can achieve a range of up to 300 miles. The ultra-fast charging capability gives you over 60 miles of range with just a five-minute charge, or you can charge it from 10 percent to 80 percent in just under 18 minutes. Multiple charging options make it convenient to recharge at home or at one of the growing number of charging stations.

Electrify America has built an amazing ultra-fast network of DC fast-charging stations across the country so you can feel confident there’s always power ahead. And when you purchase the 2022 IONIQ 5, you get two years of unlimited 30-minute complimentary charging sessions.

True – EVs’ sticker prices often look high. Considering all factors, including available rebates/tax credits, they actually could cost less than comparable gas-powered vehicles, especially the longer and farther they are driven.

 

Considerable research backs up these conclusions, done on a state-by-state basis. The National Renewable Energy Laboratory (based outside of Denver) and the Idaho National Lab, found that over a 15-year lifespan, it could cost up to $14,500 less to run a BEV than fueling a comparable gas-powered vehicle.

 

The research included per-mile costs, electric tariffs and costs of charging equipment and used the 2020 average of 15 cents per kilowatt hour (kWh), assuming that 81 percent of the charging was done at home, 14 percent at a workplace or public charger and five percent with a DC fast charger.

 

  • Incentives? Up to $7,500 federal tax credits; many states also offer incentives/credits, lowering the up-front purchase cost.

  • Maintenance costs? The Department of Energy estimates regularly scheduled maintenance for a BEV at 6.1 cents per mile, compared to 10.1 cents per mile for internal combustion engines (ICEs). Costs are just a little higher for PHEVs and hybrid electric vehicles (HEVs), but lower than ICEs.

  • What about batteries? We want you to be confident in what we make – especially our high-capacity lithium-ion polymer battery system. This is why it’s guaranteed for 10 years/100,000 miles

  • Trade-in value? Newer electric vehicles – ones with ranges exceeding 200 miles – seem to be holding their value as well as their ICE counterparts and with battery technology rapidly improving, they will improve in value.

   

Research your own savings at the federal government’s Alternative Fuels Data Center. It’s the government’s one-stop source for information about costs, vehicles, charging locations and more. A lot of other information and answers to questions is widely available.

 

To fight climate change and air pollution, several states are planning to ban ICE sales in the future – some as early as 2030. Manufacturers are responding with plans to either stop manufacturing ICEs or vastly increase their BEV and PHEV offerings. The recently passed federal infrastructure bill should provide a boost, as would the proposed Build Back Better Act.

 

The trend is clear – electricity is our new fuel and we’re fully on board. Right now, we’re in the middle of what many are calling the Great Shift. We’re at the end of the industrial age and we’re shifting toward the ecological phase of human revolution. As we enter this new phase, we’re focusing on positive energy. We’re not only transforming our vehicles but also the entire ecosystem they move in to reduce our dependency on fossil fuels.

 

Learn More – https://www.hyundaiusa.com/us/en/hybrid-electric#electric

Posted in Automotive, Hyundai