Making the switch from a typical combustion engine to a more environmentally-friendly vehicle is a consideration many in Malta are thinking about. With car trends moving towards either hybrid or electric cars, it can be a challenge to select one or the other.
Both offer their particular benefits, not just for the environment but in terms of cost efficiency. Several factors should be considered before making the final decision.
Take a look at some we’ve highlighted from our own past experience as well as that of our clients.
DRIVING AND COMMUTING
The usage of a car for many of those living in Malta is part of their daily routine. As the government keeps incentivising the use of public transport, many prefer the independence and the time-efficient transport that a personal car provides.
Electric cars are perfect for Malta, as everywhere is easily accessible within minutes, notwithstanding traffic incurred. A lot of electric cars have a sufficient range of battery that lasts days; which means that EV owners do not require constant or daily charging. However, if you plan to drive in heavy traffic or long hours, one will need to factor in charging time where the car will have to be left idle for its duration.
With hybrid cars, the planning may be much easier, as such vehicles still rely on their supply of fuel to operate the engine. Furthermore, given a hybrid system is “charged” through the usage of the break lever, the Maltese traffic might actually be in its benefit in the long-run. This means, a hybrid owner doesn’t need to pre-plan that much compared to an electric car, but keep note of its fuel range which would require much less constant top-ups compared to a traditional combustion engine.
AVAILABILITY OF FUEL / CHARGING STATIONS
A key factor that is considered between the two car options is the ease of access to its re-supply to run smoothly.
When one owns an electric car, having availability to charging stations is crucial. Those who own a garage can easily install their own system to charge their cars overnight; avoiding any worries. Those who don’t have this access however, have less flexibility.
Reliance on public charging stations in Malta can be tricky due to the availability, especially during peak times such as after working hours. Good to note that it is ideal to practice ethical charging practices, such as unplugging your vehicle once it is full to make it available for others. The government plans to increase the total number of charging points to 1,572 across the islands in 2025, which will surely lesson any charging burdens.
Hybrid cars offer more freedom to its owners, as Malta is lined with different fuel stations within every city and village. The gas engine relies on traditional fuel to run and there is no risk of finding petrol stations unavailable.
INSURANCE OPTIONS
When investing in either an electric or hybrid car, choosing the right insurance policy can make or break your investment. The best course of action is to opt for a fully-comprehensive cover, which takes care of both third-party as well as the car owner’s damages in case of accidents.
Furthermore, for electric vehicles, insurance might differ slightly from that of a traditional vehicle due to its purchasing cost. Considerations are taken in case the EV needs repair or replacement in terms of technology. It doesn’t mean however, that owning an electric car will generate higher insurance policies.
Hybrid cars are insured within the same system, so best to speak to your insurer to check out the pros and cons compared to a traditional engine. A hybrid car will surely bring its own benefits in the long-term, as they are more eco-friendly and safer.
PURCHASING COST
Without even delving into a car’s up-keep, the first thing a driver considers is the one-time upfront cost of a car and how it fits one’s budget.
Electric cars tend to be more expensive than hybrids due to their advanced battery systems and technology incorporated. Luckily, the local government still offers incentives to assist with the purchase of EVs through a grant that can see a considerable refund once a purchase is done.
With hybrid cars, these many be cheaper than electric vehicles, offering drivers a middle ground option between the 100% electric and the 100% fuel-based solutions. With it also comes savings on fuel and maintenance costs.
MAINTENANCE CONSIDERATIONS
Safe to say that any vehicle requires its fair share of frequent maintenance to keep it up to standard.
Electric cars suffer less wear and tear, which allows owners to benefit from lower maintenance costs over the course of the car’s lifetime. There is no need to have oil changes done and checking exhaust systems, having an electric car can guarantee lower costs incurred. The downside to an electric car is its expensive battery replacement.
Owners of hybrid cars require the traditional maintenance checks, such as those relating to the engine, oil top-ups and more. It is also a reality that replacing a hybrid’s battery is on the expensive side.
THE VALUE OF ITS RESALE
When making a purchase, it is ideal to think ahead in case you’d like to re-sell the car after a few years.
Demand is very high for electric cars right now, which can see owners getting a good amount should they wish to sell. As technology advances, however, buyers may be concerned about its up-to-date features and the viability of the car’s battery for their long-term plans after being used for a while.
Resale value for hybrid cars can fluctuate, as they make space for their newer cousins, the electric cars. This might impact on the availability of parts should the hybrid require repair. It all depends on demand; however hybrid cars still generate better resale value than fuel-powered vehicles.
BEING PREPARED FOR THE FUTURE
As the world and its government bodies are moving more towards more sustainable solutions for assets used daily, Malta as well as the EU are implementing stricter emissions regulations as time goes by.
When purchasing an electric car, these have the ability to become the norm in the future, as more countries encourage its citizens to make healthier purchases that meet strict emissions targets set. Making the investment now could mean you’ll be thinking ahead and prepared for future regulation changes.
If you opt for a hybrid car, this offers an easier transition. They offer more sustainability than fuel-based cars. However, as electric cars are gaining momentum, these may quickly become “old news” quicker.
The choice depends on your priorities and personal preferences. Malta presents challenges and opportunities for both, but the ideal selection rests on your routine and budget.