Cars now come in many forms, from full electric to conventional petrol or hybrid systems, there are many different drivetrains on offer. We help finance all sorts of luxury and performance cars with electrification powering them. Here's an explainer on the differences and how we can help you.
As greener car options gain popularity, you'll no doubt have seen various types of electric cars, including hybrid, plug-in hybrid (PHEV), and full battery electric vehicles (EVs). In fact, some manufacturers are removing existing petrol drivetrain system for electric only 0 so it is a technology we all need to understand.
Here's a breakdown to help you choose the right electrification for your next car, with Rumo Finance ready to help your financing needs when you are ready to make the purchase.
Hybrid Vehicles
A hybrid vehicle uses a petrol or diesel engine supplemented by one or more electric motors and a small battery. This setup assists during acceleration or for short electric-only drives. An example is Toyota’s hybrid Prius which was a revolutionary, and on the luxury end are models such as the Lexus LS 500h, a hybrid luxury sedan.
Plug-In Hybrids (PHEVs)
A PHEV combines a petrol engine with electric motors and a larger battery pack, allowing the vehicle to travel around 50 km or more solely on electric power before the petrol engine kicks in. PHEVs can be recharged via a power outlet, like the Mitsubishi Outlander PHEV, and there's stylish models like the Volvo S90 T8 - Scandinavian plug-in hybrid.
Battery Electric Vehicles (EVs)
Battery electric vehicles rely entirely on electric motors, with no petrol engine. They have larger battery packs, enabling ranges of up to 400 km or more. EVs require recharging from charging stations or outlets. Examples include the Nissan Leaf and Tesla models, the latter currently the best-selling electric in Australia.
Different Types of Hybrid Cars in Detail
Full Hybrid: Uses a petrol engine for most driving, with an electric motor for short distances.
Parallel Hybrid: Both the petrol engine and electric motor work together, enhancing fuel efficiency.
Series Hybrid: The electric motor does all the work, while the petrol engine acts as a generator to recharge the battery.
Plug-In Hybrid (PHEV): Combines characteristics of series and parallel hybrids, with the ability to charge via an external power source and drive on electric power alone for longer distances.
Charging Electric Vehicle Batteries
PHEVs: Can be plugged into household outlets or fast chargers. They also use the petrol engine and regenerative braking to recharge the battery.
Hybrids: Typically rely on the petrol engine and regenerative braking, without the option to plug in.
What About Regenerative Braking?
This system converts the energy from braking into electricity to recharge the batteries, improving efficiency.
Are Hybrids Better than Petrol/Diesel Cars?
The benefits of hybrids depend on your driving habits and priorities. While hybrids save fuel and reduce emissions compared to traditional petrol/diesel cars, PHEVs and EVs offer greater environmental benefits and lower running costs for short trips. Hybrids have smaller battery packs, making them less reliant on precious metals and easier on the environment.
Luxury and Performance Models
There are some stand out models which are popular in the performance and luxury world when it comes to electrification. Some of the models we see commonly include:
Tesla Model S: Known for its impressive range and performance, the Model S brings some cutting-edge electric vehicle technology at an attractive price point.
Porsche Taycan: A high-performance electric car that offers the luxury and driving experience synonymous with Porsche.
Audi e-tron GT: This EV combines Audi's luxurious interior with electric performance and cutting-edge technology.
Mercedes-Benz EQS: A luxury sedan that offers a spacious, high-tech interior and long electric range.
BMW 7 Series PHEV: Combining BMW's luxury with plug-in hybrid efficiency, the 7 Series offers a smooth and powerful driving experience.
Lexus LS 500h: This hybrid sedan provides the comfort and luxury of Lexus with enhanced fuel efficiency.
Volvo XC90 Recharge: A luxury SUV that offers plug-in hybrid capabilities, combining spaciousness and elegance with environmental consciousness.
Range Rover PHEV: Combining the luxury and off-road capabilities of Range Rover with the efficiency of a plug-in hybrid system.
Financing Your Luxury Green Vehicle with Rumo Finance
Choosing between a hybrid, PHEV, or EV depends on your driving needs, environmental considerations, and preferences for electric-only driving capabilities. No matter your choice, Rumo Finance is here to provide tailored car financing solutions to make your transition to a greener vehicle smooth and affordable.
Why Choose Rumo Finance?
Expertise: Our team specialises in financing cars, no matter if it is for hybrid, PHEV, and EV models, ensuring you get the best deal.
Competitive Rates: We offer attractive interest rates and flexible loan terms.
Personalised Service: Our advisors work closely with you to understand your financial situation and vehi cle preferences.
Fast and Easy Process: Our streamlined application process ensures quick approvals and hassle-free financing.
Make your green car dream a reality with Rumo Finance. Contact us today to explore your financing options and drive away in your new eco-friendly vehicle.
Comentários