The choice between an electric or petrol car is top-of-mind for many buyers today. Electric vehicles (EVs) are growing in popularity due to environmental benefits and lower running costs. But petrol cars still retain advantages like lower upfront cost and faster refueling. So which type of car is ultimately better for you? Let’s dive into the key differences.
Electric vs. Petrol Cars
Here are the main factors to weigh when deciding between electric and petrol powered cars:
Upfront Cost
EVs used to be far pricier, but costs have declined in recent years as technology improves. However, petrol cars still have lower starting prices overall. Consider long term fuel and maintenance savings to offset electric cars’ higher initial cost.
Environmental Impact
EVs produce zero direct emissions which makes them better for the environment compared to petrol that emits greenhouse gases. An electric car’s lifetime carbon footprint depends on how electricity is generated – renewable energy has the lowest impact.
Running Costs
EVs are cheaper to run long-term. Electricity is a less expensive ‘fuel’ than petrol per mile. And EVs have minimal maintenance without spark plugs, oil changes etc. However, battery replacement costs should be factored in.
Driving Experience
EVs offer smooth, quiet acceleration. But petrol engines provide responsive power preferred by driving enthusiasts. Test drive both types to see which driving experience you prefer.
Convenience
A key disadvantage of EVs is longer charging times compared to quick petrol fill-ups. At home, full charging can take over 8 hours without dedicated equipment. Public charging stations are still limited in availability.
Government Incentives
Financial incentives like rebates and tax credits for EVs help offset their higher upfront cost. Such incentives make electric cars more feasible for buyers. But incentives could change in the future.
Vehicle Choice
Petrol cars offer far wider selection across body styles and price ranges. The electric car market is expanding, but still trails petrol models in diversity. Luxury EV options are also limited.
Which is the Better Value?
To determine the better value for your situation, consider:
- Average mileage you drive annually
- Electricity and petrol costs in your area
- Government incentives available
- Your budget constraints
- Vehicle usage like daily commute or highway road trips
Crunch the numbers including long term costs and incentives. An EV may pencil out despite higher initial purchase price. Our brokers can assess total cost of ownership to help identify the better value tailored to your driving needs.
Which is the Right Fit?
There is no definitive answer – it depends on your priorities:
- Environmental benefit’s a top priority? Electric cars are likely the right fit.
- Want low running costs? Electric cars get better over time.
- Seeking performance and driving dynamics? Petrol cars are the way to go.
- Take frequent long road trips? Petrol car better suits needs.
- Tight budget constraints? Gas cars are likely better value today.