Electric vehicles like Tesla, have become a status symbol for those who are interested in showing their concern for the environment and so much more. Technically, mass-produced electric cars have been around since 1996 when GM released the EV1. However, the company only produced 1,000 of these units, and the project was quickly axed.
The electric car market is now something that multiple automakers operate in. One of the most popular companies in the market is Tesla. The company made a name for itself by producing something that people had not seen in an electric car before. Investopedia.com reports the following:
When the Model S premiered in 2013, Tesla made headlines when the trade press gave it laurels. The electric plug-in car received a near-perfect score of 99 out of 100 from Consumer Reports, which also named it “the best car ever tested.”
Now, Tesla is one of the most respected brands in the electric vehicle market. However, even they have run into some of the obstacles that every electric vehicle maker has seen. For example, the lack of access to EV superchargers throughout the country has caused some problems. This is what has led the company to look for alternative ways to address this issue and discover a way to overcome it.
Why Are Electric Vehicles So Popular?
The popularity of electric vehicles is immense and growing. There are plenty of reasons for anyone to be thinking about purchasing an electric vehicle. A few of those reasons include:
Save Money on Gas
Obviously, saving money on gasoline purchases is one of the primary reasons why someone might consider purchasing an electric car. At the end of May 2023, the average price per litre of gasoline is between 163 and 163.5 cents depending on which part of Canada you live in. That is a lot of money to continue to spend on gasoline to fuel a traditional car. Instead, many opt to save money on this expense by purchasing an electric vehicle.
Tax Credits
It turns out that there are tax credits you can snap up if you are an electric vehicle as well. It is possible to score up to $5,000 in tax credits via the Incentives for Zero-Emission Vehicles (iZEV) Program. The Canadian government introduced this program beginning in 2019, and it is an excellent way to earn a break when you decide to go with an electric vehicle.
Higher Performance
It turns out that electric vehicles often have better performance quality than traditional vehicles. That is a big deal because it means you can have a more enjoyable driving experience without giving up anything.
These are all great reasons to purchase an electric vehicle and are just the tip of the iceberg. If you have ever considered purchasing an electric vehicle before, you might want to take these factors into account.
We Must Expand the Charging Station Infrastructure Now
The expansion of the electric vehicle market in Canada has been rapid, but the charging station infrastructure has not necessarily kept up. We must quickly increase the number of electric charging stations we make available very soon, or we will have a shortfall of millions of vehicles without the charging ports they need.
Electricautonomy.ca reports show 20,478 charging ports at 8,732 charging stations throughout Canada as of March 1, 2023. This represents a 30% increase in the number of charging stations in Canada since December 31, 2021. That is a good start, but it is not nearly enough to meet the growing demand for more electric vehicles across the country. Environmentalists and anyone that wants to save money on their gasoline bill will likely start to look to EVs as their ticket to accomplish all of this. Therefore, we must increase the number of charging stations available right away.
Tesla Partners with Ford to Enable Access to EV Superchargers
Ford creates its own set of mass-market electric vehicles that are popular and come in at a better price point than some Tesla vehicles. That is why it was blockbuster news when it was announced that Tesla and Ford would be partnering up to allow Ford vehicle owners to use Tesla supercharger stations. Ford CEO Jim Farley and Tesla CEO Elon Musk came together on a Twitter Spaces live stream to announce the partnership between the two companies. The deal struck was that Ford electric vehicle owners will be able to use the more than 12,000 Tesla supercharger stations spread out throughout the country. Those customers will have access to the supercharger stations via an app.
Farley announced that the latest generation of Ford’s electric vehicles would have a Tesla-style charging port instead of the CCS chargers used by other automakers such as General Motors, Audi, and Rivian. This is important because there are more Tesla supercharger stations than CCS stations. Therefore, more electric vehicle owners will soon have access to the supercharger stations they require to keep their electric vehicles fully operational.
Electric Vehicles Will Continue to Grow in Popularity, Get Your Insurance Quote Today
Not only will people be more interested in electric vehicles as time goes on, but it is likely that their price points will continue to come down as well. Therefore, you should try to purchase the best possible insurance you can for your electric vehicle today.
You can contact us at Duliban Insurance Brokers to obtain an insurance quote for your electric vehicle. We promise to offer you only the best options and look forward to providing you with the customer service you deserve. Let’s work together to help you find the insurance you require for your electric vehicle today.
Sources:
https://www.cnn.com/2023/05/25/cars/ford-and-tesla-partnership/index.html
https://www.cnet.com/roadshow/news/every-ev-available-in-2023-ranked-by-range/
