Will Electric Cars Become Cheaper in Canada?

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Will Electric Cars Become Cheaper in Canada?

Posted on June 3, 2022

If you are reading this, you must be interested in electric cars and eventually purchasing one and are wondering "will electric cars become cheaper?".

 

There are many benefits that come with owning an electric car; the most apparent benefit is never buying gasoline or diesel again!

 

While you stand to save a tremendous amount of money on fuel costs, the upfront cost for a new electric car may be too high for some Canadians.

 

The good news is that the prices of electric cars will come down as carmakers begin to scale their production.

 

The Canadian car market is massive

 

Canada is a large country, and we love our cars; in fact, we need a car just to get from point A to point B.

 

There are presently 35 million petroleum-powered vehicles on the road in Canada, so it will take a decade to replace all of those vehicles with electric or hybrid alternatives.

 

Sure, some people will keep their classic cars as collectibles, but for the average person, it is not a question of if they will own an electric car but when.

 

Why you should make the switch to an electric car sooner rather than later

 

Many Canadians out there want to make the switch to an all-electric. Still, they are hesitant due to a considerable amount of misinformation being spread online.

 

One of the most common reasons why Canadians are not willing to buy a car is the time it takes to recharge the car, granted it is not as fast as filling up your car.

 

Still, the technology is getting better within a couple of years. The charging technology should be able to allow for recharging times, similar to what you get with fueling a gas-powered car.

 

Just imagine how much money you would be saving on fuel if you made the switch now instead of waiting for the technology to be perfect a few years from now!

 

Another misconception being spread online is that electric cars are not made for the Canadian Winter.

 

While cold weather may reduce the amount of range that your EV has available, following simple procedures like warming your batteries at home before heading out can boost your range.

 

You should consider that most EVs have fantastic traction control, so you are less likely to get stuck in the snow than a gas-powered car.

 

Financing is available for your new EV purchase

 

Major carmakers and finance companies now offer attractive financing options for your new EV.

 

You will also be able to benefit from rebates offered by both the federal and provincial governments; even if your credit has issues, you can get financing.

 

The first step is to head over to your local dealership and test drive their full range of EVs and pick the one you love the most; driving an EV is a totally new experience but one you will surely love.

 

While you are test-driving the various EVs, your dealership will negotiate the best possible financing terms on your behalf.

 

We’d love to help you find a new loan when electric cars become cheaper in Canada. Simply fill in the form below and we’ll get back to you ASAP or see our selection of used cars at our Burlington dealership. 

 

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