EV Mythbusting

We can understand why you might have that impression, but not so at Energy Mart. The EV industry is changing rapidly and new, top quality brands are coming onto the market that are at price parity with combustion vehicles. This is attributable to EV industry trends, namely: increasing production and so economies of scale, increasing production efficiencies, and decreasing costs for EV components, especially battery minerals. Battery prices have been coming down sharply owing to increasing production and decreasing prices of, in particular, lithium, the primary battery element. The sooner you move over to an EV, the sooner you start to $AVE!

First, a quick primer on how EV batteries work. Surprise! They are much like any other battery: you have a battery with a charge, you use it, the charge level drops, and then you recharge it. Over time, with the repetition of this cycle, batteries gradually lose their capacity. The RATE that EV battery capacity goes down is already known from EVs that have been on the road for years, or that have been used a lot in a short period of time (i.e. taxis). On average, studies show that EV batteries can be expected to comfortably maintain 80% or more of their capacity after 250,000 Kms of driving.

Whoever says this must have a time machine that lets them travel into the future. Why? Because things are changing so rapidly that is impossible to know what the future cost of a battery will be. But one thing is for sure: because of declining materials costs and increasing production efficiencies, the cost will undoubtedly be lower than what it is today.

EV manufacturers are coming out with products that have all sorts of ranges, normally between 250 and 400 kms. Considering that the average driver travels about 30-40 kms per day, EVs will easily provide most people for days of driving on a single charge. Range is no obstacle to having an EV, especially if you live on a small island!

Snap question: how long does it take to charge an EV? Answer: eight seconds. Why? Because that's how long it takes to plug a charger in! Owning an EV means a new way of 'fueling' your vehicle that, in total, will mean you spending far less time managing your charging than you have been spending while waiting at the gas pump. All you do is plug it in when you get home, unplug it the next morning and ... Boom! ... you're good to drive for days. 'Fast charging' is simply not something that most people ever need to think about. Just charge at home, and $AVE baby $AVE! Think about charging your EV just as you do about charging your phone. It's easy!

Wrong. Just wrong. To start, Electric Vehicles produce no emissions, while a combustion vehicle spews out C02, nitrogen dioxide, carbon monoxide, hydrocarbons, benzene, and formaldehyde. How nice. EV naysayers will then argue that when you take into account an EV’s production, including mining the materials for the battery, their advantage is negated. This is also just flat out WRONG. Remember that there are a lot more similarities than differences between a combustion and an Electric Vehicle, the battery being the main difference, and battery minerals, especially lithium, are abundant in nature. It is true that you need to consider the source of electricity that charges an EV. But if that source of energy is a renewable one (solar or wind energy), then you are truly minimizing your climate impact. Peer-reviewed scientific studies show that, overall, when it comes to the climate, EVs top gas-powered vehicles, and it isn’t even close.