10 Things to Consider When Switching to an Electric Vehicle

With the UK wide ban on manufacturing ICE (Internal Combustion Engine) vehicles coming in 2035, we will all eventually be behind the wheel of an electric vehicle. So, why not get ahead of the game and explore all the options already available on the market?

With a host of models, such as SUVs, saloons, hatchbacks, coupés, estates and crossovers from all the top brands, including Hyundai, Jaguar, Ford, Renault and more, to choose from, you are spoiled for choice. However, switching to electric vehicles from traditional petrol or diesel cars does come with some considerations that we have highlighted in this blog.

1. Charging Infrastructure

The UK electric vehicle (EV) charging infrastructure consists of public and private charging stations available nationwide to support EV users. It includes rapid chargers, fast chargers and standard units at locations like service stations, workplaces and residential areas. Assessing public charging options near your location is vital before purchasing an EV, as it ensures access to convenient charging, especially for those without home charging facilities.

Understanding local availability can help you plan routes and avoid charging challenges, enhancing your EV experience. There are also many quality home charging facilities you can have installed at home to simply charge your vehicle overnight.

2. Range

Considering your EV’s range is crucial to ensure it meets your daily commuting and travel requirements, particularly if you lack a home charger. An EV with a suitable range reduces the risk of running out of power and the need for frequent public charging stops. Evaluate your typical journey lengths and access to charging points along your routes. Choosing a vehicle with a range aligned to your lifestyle ensures convenience, minimises charging stress and maximises the benefits of owning an EV.

3. Initial Cost vs. Savings

An electric vehicle (EV) typically costs more upfront than a petrol or diesel equivalent due to advanced technology and batteries. Yet, the long-term savings on fuel, lower maintenance costs and tax incentives quickly balance out the higher initial expense. EVs are cheaper to charge than refuelling traditional vehicles, and their simpler mechanics mean fewer repairs and servicing needs. Over time, these savings make EVs more cost-effective to run, highlighting their financial and environmental benefits.

4. Battery Life and Warranty

Researching battery life and warranty is crucial when buying an electric car, as the battery is a significant component of EV performance and cost. A longer warranty provides peace of mind, protecting against unexpected issues. Equally important is understanding replacement battery costs, as they can be expensive and impact long-term ownership affordability. Ensuring the battery meets your needs and is backed by a solid warranty helps you make an informed decision, balancing reliability and potential future expenses.

5. Charging Speed

Evaluating charging times for standard and rapid options is essential when switching to an electric vehicle. Standard chargers are ideal for overnight home charging but may not suit users with demanding schedules or long daily journeys. Rapid chargers significantly reduce charging time, making them convenient for quick top-ups during travel. Understanding these differences ensures you can plan effectively for your charging needs, avoid delays and choose an EV that aligns with your lifestyle and access to charging facilities.

6. Driving Habits

When switching to an electric vehicle, consider your driving habits to ensure the model suits your needs. Frequent long-distance drivers may prioritise range and fast-charging capabilities, while city commuters might prefer compact EVs with excellent efficiency. Performance enthusiasts may seek models with superior acceleration and handling, while those prioritising safety can look for advanced driver-assistance systems. Features like regenerative braking and heated seats also enhance comfort and practicality.

7. Environmental Impact

Less of a consideration and more of a benefit, switching to an electric car reduces your environmental impact. EVs produce zero tailpipe emissions, reducing air pollution and improving urban air quality, whilst also lowering greenhouse gas emissions, especially when powered by renewable energy. By avoiding fossil fuels, EVs help combat climate change and decrease dependency on non-renewable resources. Their quieter operation reduces noise pollution, enhancing overall environmental well-being. Transitioning to electric vehicles supports global efforts toward sustainable transportation and a cleaner, healthier planet for future generations.

8. Insurance Costs

It is important to research insurance premiums for electric vehicles, as they often differ from petrol and diesel models. EVs may have higher premiums due to their advanced technology and battery replacement costs, but there are many discounts available for green vehicles or specific EV insurance providers to offset this. Understanding these differences ensures you budget accurately and choose cost-effective coverage for your EV.

9. Maintenance Requirements

Electric vehicles require less maintenance than petrol or diesel cars because they have fewer moving parts, such as no engine, gearbox or exhaust system, reducing wear and tear, meaning routine servicing is simpler, saving time and money. Still, repairs for specific EV components, like the battery or advanced electronics, can be expensive due to specialised technology. Understanding this trade-off helps you anticipate lower regular maintenance costs while planning for potential high-cost repairs to key components over time.

10. Resale Value

Thanks to increasing demand, electric vehicles often retain value well, particularly models with long ranges and reliable batteries. However, depreciation can vary significantly based on the brand, model and market trends. Older EVs may depreciate faster due to advancing technology, such as improved battery ranges in newer models. Researching the resale value and depreciation of your chosen EV is vital to understanding its long-term financial impact, helping you make an informed purchase that aligns with your investment goals.

Get Some Expert Guidance

Hopefully this guide has helped you with researching the ideal electric car model for you, but if you would like further information or professional guidance on which car suits your needs best, get in touch with a member of our expert team at Gateway2Lease.

You may not have been considering the route of leasing your next car, but by doing so you can get rid of some of the possible concerns, including resale value and maintenance requirements.

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