Thanks to lowered battery production costs EV prices have decreased significantly in recent years. Price drops look set to continue further in the near future. BloombergNEF predicts that sedan and SUV EVs will be cheaper to produce than their petrol-powered equivalents by 2026, followed by smaller EVs by 2027.
Nevertheless, there has never been a better time to make the switch to zero-emission driving. With more EV models available than ever before, lower prices, and over 3000 public charging stations across Australia, now is a great time to invest in an electric car.
Here’s why you should seize the opportunity:
Record high petrol prices
As global events have shaken supply chains, fuel prices have skyrocketed in the last twelve months. In Australia, prices have soared above $2 per litre and look set to keep escalating. EVs can be charged for a tenth of that, at just $0.20 per litre. While EVs may be more expensive on the lot, they are a smart long-term investment that will save you thousands in fuel expenses over time.
More EV choice
Until recently, Australia had limited options when it came to EV models. Due to growing demand, the market now offers a wide variety of options, catering to various preferences including family-friendly, sports, and luxury models.
The pricing for EVs across Australia has also become more inclusive, with models starting from $40,000 and going up to over $100,000 depending on the model.
More public charging stations than ever
With over 136 charging stations, the ACT has been leading the way when it comes to boosting Australia’s electric vehicle charging infrastructure. What’s more, ActewAGL have partnered with Evie Network to create our very own charging network across the territory.
With rapid and fast chargers across Canberra, you can drive with peace of mind. With our monthly evCharge plan, you never have to worry about running out of charge. You can access an EV smart charger from just $44.95 per month.
Summary
- EVs are set to be cheaper to produce than petrol cars by around 2026-2027.
- Now is a great time to switch to an electric vehicle.
- EVs can be charged for a tenth of the price it costs to fill a petrol or diesel equivalent.
- There has been an increase in EV models and price ranges on the market.
- The ACT currently has 136 charging stations across the ACT.
- You can access an EV smart charger from just $44.95 per month on our evCharge plan.
Are you considering making the switch to an electric vehicle? ActewAGL can help you effortlessly find, finance and charge your EV. Discover how ActewAGL can support your transition to sustainable driving today. Find out more here.
Sources
https://www.gizmodo.com.au/2022/03/everything-you-need-to-consider-before-buying-an-electric-vehicle-in-australia/
https://thenewdaily.com.au/life/auto/2022/01/30/electric-vehicles-ten-new-2022/
