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Will It Ever Be the Right Time to Invest in an Electric Car?

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At the moment, despite the fact that there are a number of electric or hybrid cars available on the market, there hasn’t been a significant amount of traction in terms of adoption of the technology. One of the primary reasons for this is cost, and with prices relatively static, you might have to ask yourself whether there’ll ever be a good time to invest in an electric car. We’re here to tell you that the popularity of electric cars is set to improve dramatically over the coming decade.

Priced out of the Market

According to AA Cars, there are 1,449 hybrid and electric cars listed, with the majority of cars being manufactured by Toyota, Lexus and Honda. Despite this, the market share for electric cars is relatively low. The reason for this, as already explained, is pricing. The cost for an electric car is generally around £20,000 and this means that there has been a relatively high barrier to entry into the market for everyday people, despite the fact that many people are on board with the technology. So, will ordinary people ever be able to afford their own electric cars? The answer is yes, and the way to do it will be to add value to the overall proposition.

Driverless Cars and Driverless Technologies

If the main selling point of electric cars remains that they reduce the pollution output levels, the adoption levels will remain low. People are looking for brand new technologies that really make use of the electric nature of these vehicles, and one possible solution could be Google’s driverless cars that they are aiming to have ready for 2017.

According to Google, they are pursuing the driverless car programme with rapid vigour, and there has been significant progress in the project’s development – so much so that they have already begun testing a beta version of the vehicle on members of the public. The response so far has been extremely positive, and the effect that this technology could have on the lives of some of the most vulnerable people in our societies would be dramatic. For example, visually impaired people and those with disabilities could be far more mobile than they’ve ever been before, while those who aren’t confident with their driving ability would finally be able to get into a car without panicking.

With this driverless technology, people would have a major reason to switch to a purely electric vehicle, and as well as helping to reduce reliance on dirty fossil fuels, the technology would also improve the quality of many people’s lives.



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