In 2019, as part of its Climate Action Bill, the Government announced plans to phase out diesel and petrol vehicles by 2030. This was one just one measure aimed at protecting the environment and reducing emissions. While there are questions over how likely this target is to be reached, it brings the idea of using an electric vehicle into sharp focus.
A number of big businesses have started to make the switch. An Post and Bus Eireann are just two companies that are phasing out diesel vehicles in favour of hybrid or electric.
Even if the ban is pushed back, as we get nearer and nearer to the cut off point, your traditional fuel-type powered van is likely to lose a lot of its value. This will affect both the new and second-hand markets. Of course, de-valuing affects both buyers and sellers, so you’ll sell at a lower price but will also purchase a replacement more cheaply.
While availability can be an issue, here are some things to consider if you are planning to purchase an electric vehicle.
If you want to push ahead and make the switch, price can often be a disincentive. Electric vehicles are still considerably more expensive than petrol or diesel. To offset this, a number of financial incentives are in place to help mitigate the higher cost. Check out https://www.seai.ie/grants/electric-vehicle-grants/ to see what grants are available – you could qualify for up to a €3,800 saving on the vehicle and €600 towards the purchase and installation of a home charger unit. Also check out any incentives in place for you to scrap your old petrol or diesel vehicle to get it off the road altogether. Electric vehicles also qualify for the lowest rate of motor tax, at €120 per annum, and the charge is lower to use tolls.
This is a big consideration for van users, if you need to travel long distances to do your job. When looking to buy, take note of the range of the vehicle and the time it takes to charge the battery. Despite the savings you will make on fuel (especially if you travel long distances), you might have to add extra time onto your journeys to account for charging, so look at your mileage and see whether electric cars are a viable option for you.
Climate change is a concern for many, and switching to an EV can make a tangible difference. Nitrogen oxides and sulphur oxides are two of the harmful gases emitted through burning fossil fuels. Particulates are also emitted by ICEs (Internal Combustion Engines), in particular diesel vehicles. These minute soot-like particles are bad for the human respiratory system. By driving an electric vehicle, you can reduce the amount of these harmful gases and particles emitted. EVs are also quieter to run (reducing noise pollution), and overnight charging utilises cheaper energy.
Insurance for electric vehicles is calculated in a similar way to your regular car insurance, and in many cases will be cheaper than insuring an ICE vehicle. It is based on similar factors – where you live, your age, driving experience, your car, and the type of car insurance policy you would like. You’ll need coverage not only for unexpected accidents, but also for your battery and its charging cable in the event of theft. Talk to a broker such as Britton Insurance about what options are available for electric vehicles. They have the knowledge and contacts to secure you the right coverage at the right price.