Archives – July 29, 2016

Are Hybrid Cars Financially Sensible?

512px-Toyota_PriusThere are several types of hybrid cars available in the current market, in different body styles. These vehicles are a popular choice because of their fuel efficiency, coupled with low emissions. So, are hybrid cars a perfect option for you? For you to answer this question, you’ll need to consider a number of factors such as your financial situation, environmental priorities, and driving habits. Although the prices of gas are low today, they are subject to changing fast. Owning a hybrid car somewhat protects you from unexpected hikes in the prices of gas. This is a good reason to purchase a hybrid car when on a stringent budget.

Even in a scenario where the prices of gas don’t increase abruptly, you still manage to make savings on the costs of fuel when you drive a hybrid car. Your total gas savings increase when you drive for longer distances. The cost of the hybrid car itself is another factor to consider. For most hybrid cars, there is a premium that customers are required to pay, regardless of whether they are purchasing a compact vehicle or a large-sized SUV. This implies that you will need to save more money for the initial down payment. There is a possibility of facing huge monthly payments, as well as registration and insurance fees. It is therefore advisable to check and confirm these figures before purchasing a hybrid car.

Depending on your residence, governmental incentives are available for hybrid cars. This differs from one state to the other, as well as in various countries. Hence, you need to get accurate information from governmental offices concerning the incentives offered. Remember to also check the hybrid’s warranty and its relationship to the battery life. While some companies give lifetime warranties, others offer limited ones. If a battery fails after warranty period, clients will incur huge costs for replacement.

Another great reason for purchasing a hybrid car isn’t related to saving money. Rather, this car will help you to save time. In many regions, electric and hybrid car owners are allowed to utilize the carpool lane, regardless of the number of drivers. This is greatly beneficial to those with a rough commute. This saves time, a valuable asset in the current busy world. Purchasing a plug-in hybrid car means that you will get a parking space close to doors of office buildings, airports, and even malls. With a plug-in hybrid, you depend less on gasoline engine since the battery can be recharged from a station using electricity.

 

Leave a Comment July 29, 2016

Volkswagen to Produce Electric Cars by 2020 in North America

IAA_2013_Volkswagen_e-Golf_(9834814356)The reputation of Volkswagen has been compromised in the last few months. As an attempt to redeem itself, the automaker has announced its plan to produce electric vehicles by the year 2020 in North America. The newly appointed Volkswagen AG’s U.S. head of operations, Hinrich Woebcken officially confirmed that the automaker’s Chattanooga, Tennessee-based plant, as well as a Mexico-based facility may be utilized for production purposes. Although Woebcken didn’t give in-depth details, he confirmed that the car manufacturer plans to build multiple models.

From a political point of view, it would be wise to use the factory at Chattanooga considering the fact that Unites States regulators have been pushing for the manufacture of more electric cars. Woebcken said to the Wall Street Journal that they all believed that United States, particularly its urban mobility is likely to shift to electric and hybrid cars from petrol engines. A heavy investment has been made to enable the shift in question, and this is inclusive of the planned production in the North American region.

The intent of Volkswagen to produce electric cars is not really news. Prior to the scandal of Dieselgate, the automaker already had plans for introducing twenty plug-in hybrids and all-electric car by 2020. The automaker claimed that the planned vehicles would be dubbed “smartphones on wheels.” The announcement was then followed by CEO Matthias Muller’s notice last month that the company planned to launch at least thirty fully electric new cars by the year 2025. Currently, there are only three battery-electric vehicles offered by Volkswagen. These cars are Audi’s R8 e-tron, e-Golf and VW e-Up. Introducing thirty different models within a time span of ten years would seem a virtually impossible challenge for the automaker.

Efforts to minimize greenhouse gas emissions should begin with increasing the efficiency of transportation. Electric vehicles have overwhelming advantages over gasoline cars. Therefore the move by Volkswagen to increase electric car production will result in significant savings in terms of costs and environment. The use of all-electric power to drive short distances plays a significant role in reducing gasoline consumption. Electric vehicles don’t utilize gasoline whatsoever and they also release zero emissions when renewable sources of energy are used for recharging.

Whatever the actual figure is, producing electric cars on the mentioned Atlantic side of America will play a vital role in clearing the air for Volkswagen to progress. It would also be a great addition to the e-Golf, Volkswagen’s only electric car currently sold in the United States.

 

Leave a Comment July 29, 2016


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