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How much money will an electric car save you over 5 years?

Analysis: while the cost savings are clear and future-proofed, the public still need some convincing about going electric It is widely agreed that we need to move away from fossil fuels to protect the environment, but what will that cost you? Here, we are going to break down the cost of owning an electric car over five years. It is worth noting that it is highly likely that tax on fossil fuels will be increased in the coming years and that electricity costs will remain largely unchanged for the next five years. First, we need to estimate total cost using current data. Then, we will recalculate using projected fuel and electricity costs over the same period.

Five things to know about electric vehicles

Five things to know about electric vehicles Reporter:   ); The Sustainable Energy Authority of Ireland (SEAI) is calling on motorists in the market for a new car to seriously consider making the change to an electric vehicle (EV) in 2021. According to SEAI, private cars, running on petrol and diesel, account for around a fifth of Ireland’s total energy use and the related carbon dioxide emissions, one of the major contributors to climate change. Encouraging motorists to make the switch Declan Meally, Head of Transport and Communities with SEAI said: “If you’re thinking about getting a new car this year, then make sure you test drive an EV first. You’ll probably be very surprised at the great driving experience. There are now EVs to suit most driving needs, they will save you money and they are helping to change Ireland’s energy use for the better. The number of EVs in Ireland has been doubling year on year, with over 25,000 people having already made the switch. Plu

Electric Vehicles 101: Five things to know about electric vehicles in 2021

Access to bus lanes and preferential parking for electric cars could entice more buyers, seminar hears

At the behavioural economics webinar to outline an SEAI study of what persuades people to buy – or not to buy – electric cars, it was clear that price and fear of the unknown remain key deterrents to purchase. The perceived high price of a new electric car is a key reason people are not buying substantially more. There have been steady increases in buying over the past few years but to reach mid-decade and 2030 government targets for EVs there will have to be quite a dramatic increase, SEAI says. It would appear that we have a lot of incentives, such as VRT rebates and home charging grants. Carbon taxes are also designed to make petrol and diesel less attractive.

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