Electric Cars: Benefits Of Electric Driving: Top 5

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Electric Cars: The Basics


For those of you new to zero-emission electric driving, we recommend a read of the following articles:


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For those new to electric vehicles (EVs), we would suggest a read of the different types of EVs on the e-zoomed Electric Living Blog. Though, there are a few types of electric vehicles, this article focuses on the benefits of driving pure electric cars, also known as battery-electric vehicles (BEVs).


tesla model 3
Ashvin Suri, Founder e-zoomed With A Tesla Model 3 Battery-Electric Vehicle (BEV)

Benefits Of BEVs: Top 5


Advantages Of Electric Cars
Zero-tailpipe emissionsUnlike conventional internal combustion engine (ICE) petrol and diesel vehicles and plug-in hybrid electric vehicles (PHEVs), a BEV has no tailpipe emissions. In fact, a pure electric car, like the best-selling Tesla Model 3, does not have a tailpipe (exhaust). Zero-tailpipe emission electric cars help improve local air quality, a significant benefit for all, given the continued increase in air pollution and related illness, in Ireland and globally.
Lower cost of driving per kilometreIndeed, saving money is another key advantage of electric driving. For a start, recharging an EV battery is substantially lower than filling a full tank of petrol or diesel. In Ireland, the average cost of household electricity is 23.97 cents/kWh. If we assume 64 kWh as an average size of an EV battery, the cost of charging 0% – 100% is €15.34. In comparison, given the current fuel prices in Ireland, the cost of a full tank of petrol or diesel, is closer to€100, if note more, for some cars. We have already witnessed a substantial increase in petrol prices, over the past few years and this is only set to continue to increase. Yes, it is true that energy prices are also on the increase, but despite the energy cost inflation, charging an EV, like the all-electric Nissan Leaf, is substantially cheaper than filling a tank of fuel. Moreover, given the costs of recharging Vs refuelling, the running cost per kilometre is substantially lower for a BEV compared to a petrol/ diesel car. As an average, the driving cost per kilometre for a BEV is€0.05 cents, compared to €0.15 cents for an internal combustion engine vehicle. A significant difference and saving!
Lower maintenance costsHow often have we had to fork out for unanticipated costs, for the maintenance of a petrol/ diesel car! A battery-electric vehicle has far fewer moving parts compared to an ICE vehicle. The fewer moving parts result in a lower the maintenance burden of the vehicle i.e. lower maintenance costs!
Lower noise pollutionThough not highlighted as often as air pollution, according to the World Health Organisation (WHO), noise pollution is just as harmful as air pollution. Densely congested cities, with significant increase in road traffic have resulted in harmful level of noise pollution, as a result of internal combustion engine (ICE) vehicles. Urban noise pollution increases the risk of psychological, cardiovascular and other health disorders. Electric cars are silent vehicles, as the onboard battery and electric motor used to propel the EV do not make any noise. In fact, most EVs have an ‘artificial noise generator’ to warn pedestrians, that an EV is in operation. The recommend noise levels of a city are 68 db or below. Traffic noise is typically 85 db.
Convenience of home chargingThough public EV charging infrastructure is debated significantly, most EVs are charged at home. In fact, nearly up to 80% of EV charging is done at home (usually overnight). Plugging an EV to charge is really quite as simple as charging a smartphone. Most EV owners plug the electric car to charge on their return from work and start the following day with a fully charged EV. So no more inconvenient trips to the petrol station! Of course, when driving long distances an EV will need to be charged at a public charging station.

Apart from the above, there are numerous other benefits to driving an electric car, to include: government subsidies, lower taxes, free parking, smoother drive, instant torque and more!


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Author

Ashvin Suri

Ashvin has been involved with the renewables, energy efficiency and infrastructure sectors since 2006. He is passionate about the transition to a low-carbon economy and electric transportation. Ashvin commenced his career in 1994, working with US investment banks in New York. Post his MBA from the London Business School (1996-1998), he continued to work in investment banking at Flemings (London) and JPMorgan (London). His roles included corporate finance advisory, M&A and capital raising. He has been involved across diverse industry sectors, to include engineering, aerospace, oil & gas, airports and automotive across Asia and Europe. In 2010, he co-founded a solar development platform, for large scale ground and roof solar projects to include the UK, Italy, Germany and France. He has also advised on various renewable energy (wind and solar) utility scale projects working with global institutional investors and independent power producers (IPP’s) in the renewable energy sector. He has also advised in key international markets like India, to include advising the TVS Group, a multi-billion dollar industrial and automotive group in India. Ashvin has also advised Indian Energy, an IPP backed by Guggenheim (a US$ 165 billion fund). He has also advised AMIH, a US$ 2 billion, Singapore based group. Ashvin has also worked in the real estate and infrastructure sector, to including working with the Matrix Group (a US$ 4 billion property group in the UK) to launch one of the first few institutional real estate funds for the Indian real estate market. The fund was successfully launched with significant institutional support from the UK/ European markets. He has also advised on water infrastructure, to include advising a Swedish clean technology company in the water sector. He is also a member of the Forbury Investment Network advisory committee. He has also been involved with a number of early stage ventures.

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