The Electric Vehicle (EV) market is experiencing a surge, with sales volumes significantly increasing. Dealers are currently offering attractive discounts, while banks provide 'green loans' for EV chargers, vehicles, and heat pumps at rates as low as 1%.
EV technology has advanced significantly, with most vehicles now offering a range exceeding 400km, enabling drivers to go multiple days between charges. Combined with substantial savings on running costs, the transition to an EV has become financially appealing.
Electricity companies are also incentivising EV ownership by offering free or heavily discounted electricity (up to 50%) during off-peak hours. Some retailers provide three hours of free electricity, typically enough for daily charging needs. By setting a start time and desired charge percentage for your EV, you can ensure efficient and cost-effective home charging. With three hours of free charging, drivers can add between 120km to 150km of range, often eliminating electricity costs entirely.
A cost comparison between petrol and electric vehicles underscores the growing savings of EVs, particularly for those driving longer daily distances.
Key assumptions used in the comparison include:
These factors make EVs a compelling choice, especially when charged during discounted or free electricity periods.
AB Electrical has been Auckland's leading installer of residential EV chargers since 2018. All installations are certified to comply with NZ Electricity Regulations, Worksafe Guidelines, and manufacturers' specifications.
Our team offers expert guidance and advice to customers considering an EV purchase, helping them make informed decisions tailored to their needs.
For assistance, contact Clynt or Howard at 0800 688 244 or office@abelectrical.co.nz.
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