Internal combustion engine, Hybrid, or Electric Vehicles: Which one Should You Invest in Next?
We are living in interesting, changing times where we have an environmental impact. Knowingly or unknowingly we do make a difference and especially for our kids in the near future. The most intriguing fact is I found many of my clients buy the wrong car for their intended use or intended purpose. This in many cases results in premature wear and excessive cost over time. It is a very complex problem as everyone has a different need and especially after the pandemic perhaps a different criteria for their daily needs. We don’t have a system where you can just ask AI what should I buy as my next automobile, here are my needs and this is what I do daily.
What do you think? Should I buy an electric (BEV) or a hybrid (PHEV) or a mild hybrid, or perhaps a traditional Internal combustion engine (ICE) vehicle for my daily needs?
First, let me briefly summarize the main differences between electric (BEV), hybrid (PHEV), and internal combustion engine (ICE) vehicles:
Electric vehicles (EVs) run solely on electricity stored in batteries that can be recharged from an external power source. They have zero tailpipe emissions, high efficiency, low maintenance costs, and instant torque. However, they also have higher initial costs, limited range, longer charging times, and dependence on charging infrastructure.
Hybrid vehicles (PHEVs) combine an electric motor and a gas engine that can work together or separately to power the vehicle. They can run on electricity, gas, or both, depending on the driving conditions and battery level. They have lower emissions, better fuel economy, and more flexibility than ICE vehicles. However, they also have higher initial costs, lower performance, and more complexity than EVs or ICE vehicles.
Internal combustion engine (ICE) vehicles run on gasoline, diesel, or other fossil fuels that are burned in an engine to produce power. They have lower initial costs, longer range, shorter refueling times, and more availability than EVs or PHEVs. However, they also have higher emissions, lower efficiency, higher maintenance costs, and more noise and vibration than EVs or PHEVs.
There are more factors to consider, when you purchase your next vehicle.
Your driving habits: How often and how far do you drive? Do you drive mostly in the city or on the highway? Do you need a lot of power or speed? Do you face a lot of traffic or congestion?
Your budget: How much can you afford to spend on the purchase, operation, and maintenance of your vehicle? How much do you value fuel savings, tax incentives, or resale value?
Your environmental impact: How much do you care about reducing your carbon footprint, air pollution, or noise pollution? How do you source your electricity or fuel?
Your convenience: How easy is it for you to access charging stations or gas stations? How much time are you willing to spend on charging or refueling? How comfortable are you with using new technology or features?
I listed above a few, factors to consider when you buy a new car, however I can talk about this subject for hours. Contact me for more.