Ka Ho Chan writes:*
Gas price is always a big cost for all drivers. Fortunately, there are new type of vehicles can solve this problem which is battery electric vehicles. Electric vehicle replace the gas tank by the storage battery. The storage batteries provide electric energy for the motor of the vehicle. The charging time of the vehicles usually take 3-4hours for fully-charge. Electric vehicles can drive for 100-300km with the fully charged battery. Since the price of electricity is cheaper than gas, electric vehicles driver can save 50% in cost of fuel.
Also, electric vehicles produce zero tailpipe pollutant. With environmental perspective, Electric vehicles can reduce the green gases emitted by vehicle and it is helpful for the consequences of green house effect. As we know, oils are limited and non-renewable. It can reduce the scarcity of oils in world if electric vehicles become more popular. With economic perspective, building charging station and car servicing would provide many jobs opportunities.
Bottom Line: I would strongly recommend people consider buying electric vehicles. Electric vehicles can reduce the variable cost of driving for driver. I would suggest government promoting this technology and build more charge station in order to make it more popular. It is because this technology can improve environmental quality steadily.
* These guest posts are from students in my resource economics class at Simon Fraser University. Please leave feedback on their logic, ideas and style and suggestions of how to improve.