The NEV is a 100% electric, zero emission vehicles. With no gas to burn or costly maintenance such as oil and filter changes, the economics are simple. Plugging into a standard 110V outlet, the NEV costs one to two cents per kilometer to run, or approximately one tenth of a conventional gas vehicle.
The cost savings realized by driving a NEV within your city can add up to potentially thousands of dollars each year.
Additionally, each NEV purchased can reduce your annual CO2 emissions by more than 6 tons.
The market is primed for a fully electric automotive alternative! Below are some of the reasons why this is true.
Economical
- Lower operating cost
Driving a vehicle with a conventional internal combustion engine is estimated to cost 4 to 6 times more than an electric vehicle. In addition, many utility providers provide further cost incentives to charge during off peak hours which can create an operating cost as little as 1¢ per mile. This provides a great benefit as the NEV would typically be charged overnight.
- Efficient
Electric motors are very efficient. Very little energy is lost or wasted. In comparison, the efficiency of an internal combustion engine doesn’t exceed 45%. Only about 15% of the energy from the fuel put in to the tank gets used to move the car down the road or run useful accessories, such as air conditioning. The rest of the energy is lost to engine and driveline inefficiencies and idling.
- Predictable operating costs
As oil supplies diminish, gas prices at the pumps have fluctuated wildly. The volatile flow of oil will continue to drive immense upward cost pressure at the gas pumps. The cost of electricity is more stable and predictable and options to purchase zero emission renewable sources of electricity are growing every day.
- Lower maintenance costs
Electric motors are simpler to maintain. Owners avoid the cost of conventional car maintenance such as tune-ups, oil changes, transmission fluid, and oil filters. The NEV has fewer parts that are likely to wear out or need replacement.
- No internal combustion engine- No complex automatic transmission- No emission system maintenance or testing- Less tire and brake wear due to lower operating speeds- Potential tax and insurance savings
With growing public concern about the environmental impact of conventional automobiles, more organizations and governments are requesting or creating incentives for users of zero emission vehicles. Federal, provincial and municipal tax credits may be available as well as many insurance discounts or other usage incentives (parking, recharging, etc.).
Reliable
- NEV is powered by valve-regulated lead-acid batteries which consist of a sealed, non-spill unit requiring zero maintenance.
- The NEV batteries have no “memory effect” and can be charged whenever it is most convenient for the owner.
- Electric vehicles have fewer moving parts requiring less maintenance or repair.
Responsible
Conventional internal combustion engines are not sustainable because:
- Natural resources are being depleted and becoming scarce.
- Toxic emissions are degrading air quality, affecting human and environmental health.
- For those who personally want to take action now, the NEV is a comforting, socially responsible choice because...
...it does not burn fossil fuels....it does not emit any pollutants...it is quiet to operate...it can be recharged from renewable energy sources...the battery pack is almost entirely recyclable...it is a smaller, lighter vehicle consuming fewer resources
- Electric power for battery charging is readily available and can be obtained from clean, renewable sources such as solar or wind power.
- With the recent government mandate for federal fleets to embrace alternative fuel vehicles, now is the right time to be supporting this responsible change.
There Is a Strong Appetite
According to a recent Wall Street Journal/Harris Interactive poll, the public continues to show growing interest in alternative fuel vehicles. A third of North Americans polled said they are seriously interested in buying or leasing such a vehicle, and a full 92% said they would be willing to pay more for one over a traditional gasoline-powered car.
Top reasons cited included concerns over damage to the environment from fossil fuels and the high cost of gasoline. Eight million alternative fuel vehicles are now on the road in North America more than double the number in 2000.
Just think about the opportunities that lie ahead to drive the NEV in your area!
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