Sherzer Insurance Blog
If you’re thinking of buying a hybrid or an electric car, then you should prepare to drive a vehicle that’s different from your usual gas-powered car. Since 2014, there has been a rising interest in electric cars. This outpaced the hybrid car industry. Although the market share for electric and hybrid cars is still relatively low, here are some things you should consider.
The Price of Gas
With the low prices of gas, there's not that much demand for alternative fuel cars. However, if you keep an eye on the cost of fuel, this is fluctuating. If the price of gas hits $5 a gallon, it will be a difficult thing for you if you're not using a hybrid. Thus, you should own an electric or hybrid car if you want to shield yourself from any gas price fluctuations.
Your Mileage Math
If you’re driving enough, you’ll save much on fuel if you’re running on a hybrid car. In fact, your fuel savings can cover the cost difference when you buy a hybrid. If you’re using an electric vehicle, the savings are even better. The electric bill is almost so insignificant that you won’t pay attention to it anymore.
The high price tag of an electric vehicle is its battery. Industry analysts say that lithium-ion batteries would make up as much as a third of the actual vehicle cost. However, as more and more companies try to formulate better-engineered batteries, the future EV could become as affordable as gas-fueled cars. As you save on car maintenance costs, you won’t find oil changes and catalytic converters anymore.
Federal and State Incentives
The federal government offers a number of subsidies as much as $7000 to owners of electric and hybrid vehicles. This is an effort to help reduce the amount of carbon emissions in the air. Also, the incentives are to encourage the creation of many green-collar jobs. States also offer incentives for hybrid and electric cars.
Aside from better economics, your electric vehicle or hybrid can give you a clear conscience. With an electric car or hybrid, you won't be leaving that much carbon footprint at all. Also, just make sure that the smoke should come out of your tailpipe.
Some Final Words
If you decide to buy an electric vehicle or a hybrid car, you're doing the world and your country a better thing. However, you should purchase auto insurance too. It can be the most useful thing that you'll need whatever happens to your car. Auto insurance gives you the peace of mind that you need.
At Sherzer Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (239) 673-9301. You can also request a free quote by CLICKING HERE.