The Best Advice for Electric Vehicle Buyers

It’s time to consider an electric car.

Electric cars have been around for decades, but their popularity has increased in recent years. Tesla is making record profits, and General Motors intends to sell only electric vehicles in the next decade. Volkswagen wants them to be less expensive than gasoline-powered vehicles. Fortunately, at least two-thirds of American drivers are willing to purchase an electric vehicle.

It can be overwhelming and exciting for someone looking for a new electric car. Many people are still concerned about cost, choice, and charging—but these barriers are rapidly disappearing. Here’s some of our best advice for electric vehicle shoppers.

What Qualities Do You Seek in An EV?

Electric cars are quick, enjoyable to drive, low maintenance, and have no exhaust emissions. But many options are available in the market. So, it’s crucial to know what you’re looking for. Is it just regular transportation? Or is it a reflection of your personality?

Some electric vehicles, such as the Hyundai Ioniq, Nissan Leaf, and Mini Cooper SE, are cost-effective and environmentally friendly alternatives to gas-powered cars. Others, such as the Porsche Taycan, GMC’s electric Hummer, and the luxurious Mercedes-Benz EQS, are statement pieces that cost a fortune.

What Is Your Strategy for Charging?

Although the country’s charging infrastructure is rapidly expanding, anyone considering switching to electric vehicles should have a charging strategy in place.

Finding a regular charging location for the car is the first step. Most people do it at home because it is the most convenient. However, given that modern electric vehicles can travel for more than 200 miles on a single charge, some drivers opt to refuel when necessary at their workplaces or public charging stations.

There are risks to charging your EV at home. Even though electric vehicles can be charged using regular household outlets, the process is time-consuming and can take up to 24 hours or more to complete. Many owners install a faster 220 to 240-volt outlet, similar to clothes dryers.

Anyone who needs an easy way to charge their vehicle should pay close attention to its real-world range and how it may change in different conditions. For example, cold weather can significantly reduce a vehicle’s range.

What Are Your Financial Resources?

The price of an electric car is comparable to that of a gasoline-powered vehicle, but the sticker price only tells you so much. Tax breaks from the federal and state governments, utility grants, and other savings can all help to offset the cost.

Electric vehicles are eligible for a tax credit from the federal government. States, cities, and utility companies even provide financial incentives to encourage purchasing electric vehicles or installing chargers at home.

Electric vehicles are also less expensive to own. Compared to the average gas-powered car, the average electric vehicle driver will spend 60% less on fuel and half as much on repairs and maintenance.

Buying a used EV may be a less expensive way to obtain one; however, you should carefully evaluate the car you are purchasing, especially the quality of the battery, as it will degrade over time.