Five key details to know about electric vehicles (EVs)

Every year, human activity adds more than 35 billion tons of CO2 to the atmosphere.¹ The focus of UN Sustainable Development Goal 13, 'take urgent action to combat climate change and its impacts,' requires that we all implement new ways to curb day-to-day emissions. For drivers looking to reduce their environmental impact, electric vehicles (EVs) are becoming an increasingly popular choice in the US and Europe. If you are looking to purchase an EV in these regions, here are five key details to know when exploring your options.

1. Electric vehicles are the better choice for the environment

Manufacturing an EV can emit more pollutants than manufacturing an internal combustion vehicle.² However, many experts agree that EVs are significantly better for the environment than internal combustion vehicles. An EV produces 52% fewer global warming emissions than a gasoline car over its lifetime, according to a report by the Union of Concerned Scientists.

2. There are different types of electric vehicles that suit different preferences

A key difference between EVs is what is used to power the car: batteries, fuel cells, or a combination of fossil fuels and electricity. These power sources have different qualities that can suit your individual preferences, such as the level of environmental impact or regular travel distances.

• Battery Electric Vehicles (BEVs): Powered completely by an electric battery, BEVs tend to have lower operating costs because less maintenance is required.³ In many regions, like the US, you can also receive tax credits and rebates for purchasing a BEV. This option is best for those looking for accessibility, zero emissions, cost savings, and the most financial incentives.
• Fuel Cell Electric Vehicles (FCEVs): Available in select locations, FCEVs generate energy by converting hydrogen to electricity. FCEVs do not need to be charged; they are refueled by being refilled with hydrogen, which can take as little as five minutes.⁴ FCEVs can also have longer driving ranges compared to BEVs. These EVs are best for those with busy lifestyles and who are looking for the same refueling convenience as a gasoline-powered car.
• Hybrid Electric Vehicles (HEVs) and Plug-in Hybrids (PHEV): HEVs and PHEVs use both a combustion engine and battery to power the vehicle.⁵ Unlike an HEV, PHEVs can be recharged. For those who travel long distances often, these options may be the right choice, as they offer the flexibility of having both electric and gas power. When the electric battery runs out, the vehicle automatically switches to the gas engine, so you don't have to worry about finding a charging station.

3. Electric vehicles can save you money over time

Upfront costs of purchasing an electric vehicle are typically higher than fossil fuel-powered vehicles. However, EVs can help you cut costs in the future. Driving an electric vehicle can help save on fuel costs, insurance rates, registration fees — and earn you rebates and tax credits.⁶

4. Access to EV charging stations is steadily increasing

For those living in the US or Europe, access to public EV charging stations is widely available and increasing (there are more than 190,000 publicly accessible charging ports in the US⁷ and more than 632,423⁸ in the EU). Additionally, there are many ways to help you feel confident during your journey, including downloading apps that help you locate charging stations, investing in a home charging system, or making sure your battery software is up to date.

5. EVs help to keep our communities quiet and peaceful

Electric vehicles are significantly quieter than gas-powered cars. There are no fuel combustions occurring in the vehicle's engine to power an EV, and because of this they produce very little noise.⁹ EVs help to reduce noise pollution, enhancing the quality of life for those who live in densely populated areas.