With a rapid advancement in technology the global market for electric vehicles (EVs) is growing swiftly, impacting not only the sales of new cars but also every aspect of the automobile industry. The successful launch of Tesla highlighted a significant advancement for the field of electric cars.

The US claims that 50% of all vehicles sold will be electric by 2030, while Norway, Germany, the UK, and other governments are aiming for 2030 in their aim to have zero emission cars. Australia presently expects that by 2035, all new light vehicles sold will be electric; however, a new zero emission goal could speed up this timeline.

The switch to electric vehicles won't happen overnight. However, as infrastructure develops, electric cars gain popularity, and gas stations close, you might start thinking about buying an electric vehicle in the coming years.

Now the real question is “ Should you wait for newer models or go electric now ?”

By the end of this article you will be able to reach a conclusion.

Are EVs Actually Cutting-Edge?

Electric vehicles with a 200+ mile (320 km) range are starting showing up in showrooms; while this isn't the same as internal combustion engine vehicles existing range, it's still an outstanding milestone.

The wide range of options accessible is one of the key arguments in favor of purchasing an EV right now. There's probably an EV out there to meet your needs, ranging from tiny cars to elegant sedans and even SUVs.

Companies outside of the automobile sector have also shown interest in the field of electric automobiles; it is rumored that Apple and Google may enter the race. The future looks quite promising for EVs if these major players believe investing in electric vehicles is worthwhile

Are Prices Going to Drop ?

A short and simple answer is YES. Within the next two years, many  new all-electric vehicles will be entering the market, increasing the current selection of EVs beyond sedans, compact crossovers, and SUVs.

EV manufacturers intend to encourage a quick switch to EVs, which will further reduce the price of EVs, chargers, and parts. Increases in gas costs will speed up the transition even more.

The EV Charging Facilities in Australia 

When choosing to purchase an electric vehicle, the accessibility of charging infrastructure is an important factor. Public charging stations are becoming more prevalent in many urban areas.

The Australian government has recently begun to promote EV sales to achieve 100% by 2035. Two examples of this are new zero emission targets and a $45 million commitment to national charging infrastructure.

How often do you charge an EV ?

Depending on the battery type, current charge level, and kind of charger, some EVs can take several hours to fully charge. The good news is that your electric car most likely won't require a daily full charge. You may just need to "top up" your EV's charge when needed, depending on how often you drive it. 

What time should I charge an EV ? 

 When charging their electric vehicles at home, many owners opt to do so during the day or overnight. You'll need to take into account your lifestyle and when you're parked at home. The layout of your garage or car port will affect when and how you charge your electric vehicle. You’ll probably use a combination of your home outlet for electric cars and public charging points.

Is The Initial Price High?

The greater initial cost of EVs is probably one of the barriers preventing its rapid adoption in Australia. Compared to normal gasoline or diesel vehicles, the price of an EV can be significantly greater.

However, on the upside its smaller engine and drivetrain, it produces no local emissions, is simpler to manufacture, and offers passengers more space. Additionally, it is more suited to the growing significance of software and electronics and their seamless connection with mobile phones.

When gas prices peaked in the middle of 2008 at AUD$1.60 per litre, Australian drivers started to worry and according to future predictions these prices will only increase therefore switching to an electric car could actually be a wise move that could save you money in the future.

Environmental Impact 

It goes without saying that EVs will positively impact the environment by significantly reducing the carbon emissions since electric vehicles (EVs) have zero exhaust emissions like conventional internal combustion engine (ICE) vehicles, which contribute to air pollution and greenhouse gas emissions.

Australia's main energy source is still coal-fired power plants, but there is a big effort to switch to renewable energy sources like hydroelectricity, solar power, and wind power. In regions where energy is produced from renewable resources the benefits of having an EV is even greater.

Wish to Upgrade to an EV ?

After doing all the research and taking everything under consideration if you have made up your mind to switch to an EV and you wish to sell your old car In Sydney you can opt for car removal services like cash for cars Sydney, you can even get an in depth information on How to Sell My Car : 2024 The Entire Process .

Conclusion

Although there is still a long way to go before Australia switches to electric cars completely but with time greener ways of energy production will be developed.

Ultimately this decision is a personal one but buying an EV right now comes with the advantages of financial savings and environmental benefits. It is a reliable and efficient option which will also contribute to a sustainable environment.

Waiting a few years could be a better option if the present EV options don't entirely fulfill your demands or if you're worried about rapid depreciation.