In recent years we have been made more aware of our impact on the environment. We know now that our actions as a species have directly affected the atmosphere and weather. Summers are hotter. Winters are colder. And if we don’t make a change, we are in serious danger.
One innovation that has been a huge boost to the green initiative is the introduction of electric cars. These function exactly like normal cars, but rather than running on fossil fuels, they are powered by electricity. This means they have no carbon emissions and present no danger to the environment.
A lot of countries have been happy to introduce electric cars. Others have not. This includes the USA. The nation that is leading the charge in fighting against electric cars. This is odd considering Tesla, one of the worlds leading electric car companies, is American.
Some states have happily welcomes electric cars. But this is to be expected of those more liberal states. What really needs to happen is a massive red state needs to step up and prove to the others that electric cars are the way forward.
And it seems Texas has taken up this job. This came as a surprise to a lot of people, but it’s true. Texas is paving the way for electric cars and we couldn’t be more thrilled about it. But how exactly are they doing this? Let’s break it down.
Texas is following the example Norway set. Norway introduced a massive series of tax breaks for people looking to buy electric cars, but also providing tax breaks to any company looking to sell electric cars in their nation.
Texas is looking to copy this method exactly. This would mean an owner of an electric car would pay less road-tax overall. And companies, such as Tesla, would have to pay less tax to sell their cars in Texas. This is a win-win for everyone. It means the price of electric cars will go down. As the price decreases and the reduced road-tax for owning one, more people are sure to get on the electric car trend.
Purchasing the Car
Texas is also making it easier for people to get a new car as well. We did a comparison of title loans in Texas against other red states like Florida. And Texas has removed a lot of the red-tape surrounding it. Interest rates on loans are capped at a lower rate, making it more viable for customers to get an electric car without breaking the bank or forcing themselves into excessive debt.
When you own a car, you know as well as I do that the biggest cost isn’t buying the car itself. It’s the fuel cost. And gas prices are only ever going to go up. Not down. A time will come when fuel is so scarce that gas will cost triple what it does now.
But Texas is incentivizing people to go electric by offering free charging in a few year’s time. This means there will be no additional fueling costs while driving. This is already a practice in Norway, so it is no surprise Texas is following suit.
Free charging does of course incur a cost to the state, but that cost is one Texas is willing to take on as the long-term benefits will be nothing but positive. Alongside the decreased pollution, Texas actually stands to save money by providing free charging.
You may not know this, but each state in America has to bid on the amount of pollution they are allowed to produce each year. If a state produces more pollution than allowed, it can be hit with very hefty fines. And they have to pay a steep upfront cost each year to cover the pollution they know they will be producing. So by increasing its green effort, Texas will save more money than it will ever spend on providing free charging.
We can only hope other states follow the example of Texas. If they do we might see a marked improvement in the global carbon footprint in the coming years.