Reasons why Canadians should consider switching to an EV sooner rather than later
Reasons why Canadians should consider switching to an EV sooner rather than later
Posted on June 24, 2022
Are you tired of being overcharged for gas? The increase in gas prices is not solely due to inflation, which has affected the prices of other goods.
The federal government has implemented carbon taxes on fuel, so even if inflation vanished overnight (highly unlikely), fuel prices would be absurdly high and increasing daily.
As consumers, we are fighting a losing struggle against internal combustion engines. It is unavoidable that we need a vehicle to function in Canada; therefore, now would be a good moment to switch from a gas-powered car to an electric vehicle (EV).
EVs are not all created equal
Ford is a prime example of an excellent electric car manufacturer, despite the fact that all major automakers are already producing electric vehicles.
There are a few considerations to keep in mind while selecting an EV in order to get the best value for your money.
You should examine the range of the vehicle in great detail. How many kilometers do you typically drive per day?
If you are constantly traveling, you must pick an EV with the most feasible range available. The last thing you want to do is spend your entire day charging your electric vehicle.
What is your atmosphere when driving? If you conduct the majority of your driving within the city, then any EV will suffice.
Drivers who reside in rural regions of Canada will require a car that is durable and capable of withstanding the Canadian winter.
Tips on how to finance the purchase of an electric vehicle
The majority of Canadians believe that EVs are costly, but the same can be said for gasoline-powered automobiles.
When you purchase an EV, you can easily save more than $2,500 per year on fuel; the more you drive, the greater your savings. If you install a level 2 charger in your home (there are discounts and rebates available for this transition), you will save even more money because your vehicle is charging during the low peak period times
This does not account for the money you save by avoiding the expensive maintenance costs associated with a gas-powered vehicle.
To obtain financing for an EV, you must have a solid income and a credit score of at least 600. If you are unsure of your credit score, you can enrol in Equifax or TransUnion's free credit monitoring service.
How to get the best deal on a new electric vehicle
If you really want a good bargain on a new EV, your best option is to go through a local dealership.
The dealership will assist you in selecting the ideal EV for your needs and obtaining the best available financing based on your individual financial circumstances.
You could go to the dealership immediately and drive home in a brand-new EV today, it is that simple, but you must initiate the process by going to the dealership. Gasoline prices are rising with each passing day, so you must immediately switch to an EV.
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