Making the switch to an electric vehicle

Posted on April 24, 2022

Electric vehicles are the automobile industry's future, and demand is increasing. Electric cars are a more friendly alternative to gasoline or diesel vehicles. They reduce greenhouse gas emissions and assist cities in meeting their emission reduction goals.

Fuel Savings and the Value of High Upfront Investments

Electric vehicles in Surrey, BC have a variety of public charging stations. Level 3 sets $0.20 per minute for the first hour of usage. Surrey's levies fees are comparable to those levied by other municipalities. The city aims to reinvest in expanding the city's charging network.

A typical electric car driver saves over $2,000 in gasoline expenditures per year. Because an electric vehicle has a higher upfront cost, it will repay your investment in less time. However, you would have to wait more than six years before you will experience any financial benefits.

Programs for Tax Relief

The incentives for the Zero-Emission Vehicles Program by the Canadian Federal Government includes paying up to $5,000 to the first registered owner of a battery-electric, hybrid vehicle, or extended-range plug-in hybrid electric vehicle. The program is valid for the first buy of any new zero-emissions car.

Vehicles must have six or fewer seats and a base model MSRP of $45,000 or less to qualify for Canadian EV subsidies. Vehicles with seven seats or more must be $55,000 or less. To boost the amount of money you save, several regional initiatives in Canada can be combined with the national ZEV Incentive Program.

Buy a new battery-electric car, plug-in hybrid vehicle, or hybrid electric vehicle and earn a $3,000 rebate. Surrey electric vehicles play a role to the environment as it is claimed that it emits no greenhouse gases, which reduces community-wide greenhouse gases. British Columbia's power comes from 98 % renewable sources. The SCRAP-IT initiative also includes subsidies for the installation of charging stations.

Types of Electric Vehicles

Electric cars are becoming popular, with many models and price points available. There are approximately 40 unique models of electric automobiles on the market in BC. Full electric cars are battery-powered and rechargeable, whereas plug-in range-extended electric vehicles incorporate a tiny petrol/diesel generator to increase the vehicle's range.

The Plug-in hybrid (PHEV) is powered by both an electric engine and a traditional diesel/petrol engine, and the conventional hybrid, which is the polar opposite of the range-extended EV, features a traditional petrol/diesel engine with a supporting electric motor.

Charging Stations

Across Canada, there are 6,566 electric car charging stations. There are 5,655 Level 2 charging stations and 1,203 DC fast-charging stations available. Level 2 charging stations provide charging speeds of 16 to 32 kilometres per hour.

Impact on the Environment

Hybrid vehicles in Surrey, BC and around Canada are subsidies that approach lowering carbon footprints as the vehicles produce no greenhouse gases. You may also check out electric vehicle financing alternatives.