Electric Vehicles still too costly for South Africa

The petrol prices in South Africa are increasing almost every month to record highs, electric cars can be viewed to remedy the petrol hikes. Electric cars are set to change the automotive industry, transportation and cities in the future.

Electric vehicles (EVs) have the benefits of being cleaner for the environment and having less moving part meaning less vehicle maintenance. They are more reliable, cost less to manufacture, and the best benefit no petrol or fuel cost to owners.

Unfortunately, South Africa is still a long way in attaining these benefits and opening the market for EVs Developed nations are set to lead the way in the electric vehicle revolution due to their better incentives, emissions regulations, city infrastructure and dense populations.

It is the emission regulations and incentive that will drive the acceptance of EVs in South Africa though this is a lengthy process. South Africans pay an estimated R27, 328 of petrol year at consumption rate of 8 litres per 100 kilometres if they travelled approximately 20,000 kilometres.

The BMW i3 (94 Ah) cost about R606 800 runs with a consumption rate of 13.1kWh/100 km and can drive up to 200km per charge.  The means it can use 2,620 kWh of electricity over 20,000km. Considering the price of electricity in 2017 was 50c per kWh in South Africa, combined with the cost of an electric vehicle, at the moment even the average South African would struggle to benefit.

At present you would be shifting one cost (petrol costs) to another (electricity costs), while paying off the vehicle.

 

Source: businessinsider.co.za

 

 

 

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