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From Our Blog

Worldwide Electric Car Incentives

two electric cars charging

How do you convince car owners worldwide to make a switch and use a more sustainable and clean vehicle? There is a lot of information out there talking about how much better they are for the environment. However, many drivers still need convincing.

You can’t blame people who have happily driven their diesel or gas-powered cars all their lives. For those, you need a little more than just information.

Most countries think it is giving incentives to electric car owners. That is exactly what is happening across the globe. Different countries give different incentives to electric car owners. That proves to be a successful strategy as there has been an increase in the purchase of electric cars.

Electric Car Incentives In The US

In the US, the federal taxes that are based on fuel consumption are all waived. Add to that, people who buy electric cars also receive a federal tax credit amounting to up to $7500.

However, there is a limit to this. It is only for the first 200,000 units. Once the manufacturers reach that number, the subsidy expires. So far, there are only two companies that have reached this limit.

Each state also offers various additional incentives for those with electric vehicles.

The US isn’t the only country that offers great incentives for its electric car buyers. There are a lot of countries that do it too. Let’s tell you what each of these countries has to offer:

China

The largest market for electric cars is in China. There is continuous growth in the number of sales. The increase in number is mainly due to the incentives plus the larger number of choices available.

In China, those with electric cars are exempted from the restrictions or driving bans on certain days that other engines have. Additionally, there are also purchase incentives for electric cars.

Germany

In Germany, those who purchase pure electric cars will receive a total incentive of 4000 Euros. The 2000 Euros comes from the government and the other half comes from the manufacturer. However, this is only offered for cars that have a value of 60,000 Euros.

There is also a tax exemption for 10 years for electric cars. There is also a special tax bonus that is based on the size of the car’s battery. They could have as much as 10,000 Euros. This is the maximum amount and is calculated by multiplying a kilowatt-hour battery capacity by 200 Euros.

Norway

Norway is one of the leading countries when it comes to renewable energy. They are also leading when it comes to buying electric cars. In this country, there is no import tax for pure electric as well as fuel cell cars. Plus, electric cars also do not have the 25% VAT that is imposed on all other vehicles.

With such incentives, the price of an electric car is quite similar to that of a fuel-combustion engine car of similar size. Electric cars also have savings on selected parking fees and ferry crossings. They can also use the bus lanes in some areas.

Sweden

In Sweden, those who purchase pure electric cars will receive a purchase incentive of 60,000 Swedish Krona. Six months after the vehicle is registered, the bonus will be directly paid to the owner. This prevents the car from being sold immediately within that time period.

United Kingdom

In the United Kingdom, there is a grant for pure electric plug-in vehicles of up to 3500 British pounds. There used to be government incentives for plug-in hybrid vehicles but that’s no longer the case today.

Another advantage is to allow the motorists to enter the London Congestion Zone without paying the daily price of 11.5GDP. There is also an Ultra Low Emission Zone that has a daily entry price of 12.5 GDP. Those with zero-emission vehicles could also enter this zone for free.

Let’s Talk About Fuel-Cell Car Advantages

fuel station for hydrogen fuel cell cars

There are different alternatives available today for the conventional fossil-fuel vehicle. One of them is the fuel-cell cars. Instead of using conventional fossil fuel to power the vehicles, these use hydrogen and oxygen to power up the vehicles. The end product is electricity and water.

Hydrogen fuel-cell vehicles still have their limitations. There are also still some advantages and disadvantages when it comes to using the technology. However, they still are a more environmentally-friendly alternative to cars with combustion engines.

We’re not here to convince you to trade off your combustion engine car right away. We just want you to consider the many benefits of using such a vehicle. Knowing more about cars with a better impact on the environment is the ultimate future of the car industry.

Advantages Of Fuel-Cell Cars

Renewable And Available Energy Source

Fuel-cell cars use hydrogen for power. It is present in vast amounts, even if there are challenges of extracting it from water. Being a renewable source is one of the many great things about hydrogen. It is a great resource not only for power but for heat as well.

Clean Source Of Energy

One of the problems that we are trying to remedy when we are looking for alternatives to combustion engines is the carbon footprint. Hydrogen fuel cells are a solution to that.

Using them wouldn’t bring about adverse effects to the environment because they only produce water and heat. There are no greenhouse gas emissions and they won’t pollute the air when used. Using them will significantly decrease the carbon footprint.

Apart from that, the production of hydrogen doesn’t require the conversion of huge lands to areas of production. Additionally, the byproducts are non-toxic.

More Efficient Than Fossil Fuel

Compared to fossil fuels, hydrogen fuel cell technology is more efficient. It produces high-density power. Additionally, it can be used to produce more energy than other fuels. Usually, hydrogen fuel cells will consume less fuel as compared to your usual combustion engine vehicle.

Longevity Of Use

One thing you also have to note is the longevity of the car itself. Hydrogen fuel cell-powered engines can be used just as much as conventional combustion engine vehicles. That makes them superior to electric vehicles.

Electric vehicles may be greatly affected by cold weather, causing them to deteriorate. That isn’t the case for cars with hydrogen fuel cells. This makes them further outlast the alternatives.

Other Applications

Hydrogen fuel cell vehicles are one of the many applications of this kind of technology. Apart from powering vehicles, they can also be used for other applications such as heating systems. They can also be a good source of power for other smaller products.