Pros & Cons of Electric or Gasoline Vehicles | Auto Loan Specialist

Pros & Cons Of EV & Gasoline Vehicles

By Auto Loan Specialist

If you are thinking about purchasing a new vehicle you must read this article. There are many pros & cons of how EV vehicles compare to gas powered vehicles. To save you time we have done the research for you!

 

Reasons To Own A EV Vehicle:


Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou will be able to save on the costs of charging an electric vehicle. 

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaElectric vehicles cost less to maintain than gas powered vehicles.

Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou will qualify for government rebates on your first electric vehicle purchase.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou will be contributing to saving the environment from greenhouse gasses.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou can charge your vehicle at home.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaEV vehicles are extremely quiet.

 

Cons Of Owning A EV Vehicle:


In order to charge your EV vehicle it can take a while.

 There are fewer choices on makes and models in the current market.

 The initial costs are quite expensive.

Lack of charging stations.

You will not be able to go on long haul trips without having to stop at a charging station.

 Potential battery failure.

 

Reasons To Own A Gas Powered Vehicle:


Auto Loan Specialist: Auto Loan Pre Approval in CanadaThe initial investment is relatively lower than purchasing an electric vehicle.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou will be able to go on long haul trips without having to worry about stopping at a charging station along the way.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaUsers are generally able to tow more with a gas powered vehicle.

 Auto Loan Specialist: Auto Loan Pre Approval in CanadaGas stations and repair shops can be found easily.

Auto Loan Specialist: Auto Loan Pre Approval in CanadaYou will be able to save on the costs of charging an electric vehicle. 

Auto Loan Specialist: Auto Loan Pre Approval in CanadaEasier to source out parts if something does malfunction.

 

Cons Of Owning A Gas Powered Vehicle:


You are stuck with general maintenance such as oil changes, transmission fluid, and coolant.

 Gas powered vehicles contribute to greenhouse gasses.

 Fuel costs can be a huge burden especially during periods of high oil prices.

 Over 200 mechanical parts for something to possibly go wrong.

 Fuel economy can play a huge factor.

 The smell of fuel on your hands or clothes when fueling at a gas station.


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