As the automotive industry evolves, fully electric vehicles (EVs) are gaining unprecedented popularity. In 2024, significant advancements in technology have made EVs more efficient, reliable, and affordable. These innovations, coupled with a growing network of charging infrastructure, have made owning an electric vehicle more convenient than ever.

In 2024, advancements in technology, environmental awareness, and economic incentives make EVs more appealing than ever. Here are the top 10 reasons why you should consider buying a fully electric vehicle this year.

1. Sustainability

Fully electric vehicles have a lower impact on the environment than traditional gas-powered vehicles. They are known as a sustainable mode of transportation as they do not emit greenhouse gases (GHGs). These gases are believed to be one of the main reasons behind global warming and climate change.Given this, consumers who are looking to reduce their carbon footprint opt for fully electric vehicles.

2. Easy to Drive

Consumers find electric vehicles easy to drive in comparison to traditional gas-powered vehicles. The main reason is that electric vehicles rely on a single-gear instead of multiple gears that require shifting based on driving conditions.

In addition, electric vehicles have features that make them user-friendly such as regenerative braking.In this feature, the vehicle automatically recharges the battery while braking, which in turn reduces the amount of energy that would have been wasted as heat.

Depending on the make and model, electric vehicles are also known to have a plethora of driver assistance technologies, which makes them conducive for drivers of all ages.

3. Growing Market

The electric vehicle market has exploded in recent years. Once a niche segment with limited options, it's now a bustling landscape dominated by major automakers like Tesla, Volkswagen, and General Motors. This surge in competition has led to a diverse range of EVs catering to various lifestyles and budgets.

The market size is expected to increase in the coming months with new electric pickup trucks, crossovers, and SUVs. On average, electric vehicles come at a premium, but prices are projected to fall in 2024 as more new models hit the market.

4. Improved Range

Range anxiety was a significant hurdle for early EV adopters. However, recent model advancements have largely addressed this concern. Today, many EVs offer practical ranges at competitive prices, although top-tier models with extended ranges still command a premium.

While range anxiety is easing, charging times remain a focal point. Automakers are responding with innovations like 800-volt architecture, enabling significantly faster charging speeds. Expect to see more EVs with this technology in 2024.

The ultimate solution to range anxiety may lie in solid-state batteries. These batteries promise superior energy density, faster charging, and longer lifespans. Major automakers, including Toyota, Volkswagen, and Renault, are investing heavily in this technology. Toyota's recent breakthrough hints at a future where EVs can achieve ranges of over 900 miles on a single charge. If these advancements materialize as expected, range anxiety could become a non-issue.

5. Tax Credits

If you are living in the United States, then you may be aware that the government changed the tax credits at the beginning of 2024, which led to several electric vehicles getting knocked off the eligibility list. Several high-profile automakers including Tesla and General Motors, may have to make inroads to regain their spots on the list.

For the vehicles that are eligible, there is a $7,500 credit toward the purchase or lease of a new EV and some plug-in hybrids. These regulations will bind companies to have a local assembly location for manufacturing, which in turn could cut costs of manufacturing for said companies.

6. The Cost of Gas

The gas prices may not be at eye-watering levels as compared to those in the previous year, but the prices are still elevated. They hiked by eight cents in January 2024, but are 29 cents less than what they were in 2023.

Taking that into consideration, electric vehicles are cheaper to charge than their conventional counterparts, despite cheaper gas prices being factored in. The savings aren’t life-changing, but they are significant enough to make a difference in your monthly budget.

7. Lower Maintenance

Electric vehicles are engineered with fewer moving parts than traditional gas-powered cars. Their simplified designs translate to a substantial reduction in routine maintenance for the vehicles.

When you become an owner of a fully electric vehicle, say farewell to oil changes, filter replacements, and lengthy tune-ups. Electric vehicles eliminate the need for these time-consuming services, as they do not have the same components as gas-powered cars. Additionally, regenerative braking systems in electric vehicles reduce wear and tear on brake pads, which extends their lifespan.

All things considered, electric vehicle owners can enjoy lower maintenance costs over the vehicle's lifetime, making them a more budget-friendly option compared to gas-powered vehicles.

8. Technologically Advanced

Automakers have to come up with tech-savvy ideas for their electric vehicles. They have to equip them with cutting-edge features such as over-the-air updates and enhanced battery technologies.

A report by McKinsey & Company stated that the electric vehicle market is making strides in technological advancements by pushing the boundaries of innovation. The sales of electric vehicle sales have surged with annual growth rates of over 40% since 2016. The numbers are projected to grow especially with prolific automotive companies becoming major players in the electric vehicles market.

9. They’re Quiet

Apart from being an eco-friendly mode of transportation, electric vehicles are creating a driving experiencing known for peace and quiet.

EV owners have enjoyed this driving experience, and in many cases prefer a "quiet ride." In addition, they want to play their role in reducing noise pollution and carbon emissions. ScienceDirect concluded that electric vehicles have been a potent solution to the problem with their mechanics making them stand apart and eliminating oil consumption. Their mechanism of operation is key in diminishing noise pollution within the urban setting.

These vehicles are becoming more affordable as battery prices decrease and technology evolves. Given this, now is the best time to invest in an EV and save money in the long run.

10. More Charging Options

In the past, electric vehicle owners often faced difficulties if they couldn't charge their vehicles at home. Today, this problem is largely solved with the rise of reliable public charging stations in urban areas.

Automakers are now following Tesla's lead by producing compatible charging modules, greatly expanding the public charging network. This means you can find charging stations on almost every road, making it easier than ever to travel without worrying about running out of power.

Final Thoughts

Fully electric vehicles are gaining popularity with leading automakers as they embrace the technology and consumers continue to buy. These vehicles offer several advantages as outlined in this article, but there is no better way to know the advantages than to drive one yourself. Sign up for Quiet Car Bids today, browse the various listings for electric vehicles, and start bidding on vehicles that you would love to call your own.