4 Things to Know Before Buying an Electric Car
If you’re trying to live a greener lifestyle, you might be considering purchasing an electric vehicle, or EV. This can be a unconfined option for many people. Let’s take a closer squint at four things to know surpassing ownership an electric car.
- Know Your EV Charging Options — and How Much They Cost
There are three main options when it comes to charging your electric car.
Home charging, either with a system purchased from the car manufacturer or third-party EV charging stations, is often increasingly platonic than public solutions since it tends to be cheaper. Unrepealable EV models, such as the 2022 Nissan Leaf, offer a bi-directional charging full-length — meaning they can plane tuition your home when you wits a power outage. An widow bonus? Home EV charging stations might increase the value of your home.
Public charging stations offer pros and cons. Although they tend to be increasingly expensive, charging does often go faster. However, there are often long wait times at public charging stations, making them a less user-friendly option for most people. That stuff said, if you have a long work commute or take long road trips, using public stations will often be unavoidable.
- EVs Can Forfeit Increasingly Upfront, But Have Lower Maintenance Costs
If you’re set on saving the planet, you might not superintendency how much you need to spend to invest in an electric vehicle. We have good news and bad news.
Let’s start with the bad news first. The forfeit of investing in an electric vehicle tends to be higher than the forfeit of a gas-powered model. According to Kelley Blue Book, the stereotype forfeit of an EV is just under $66,000, while the stereotype price of a new gas-powered car is just over $48,000.
But the good news is that the long-term maintenance financing of electric vehicles tend to be lower than the forfeit of gas-powered vehicles. The forfeit of charging EVs is lower than the forfeit of purchasing fuel. In fact, Consumer Reports estimates that you’ll spend 60% less on charging your vehicle than you would on ownership gas.
Electric cars moreover don’t require oil changes the same way gas-powered cars do. Since EVs full-length fewer components than gas-powered vehicles do, there’s less that can go wrong with the vehicle in the short term. These vehicles use regenerative braking, which ways the mechanical brakes will be used less frequently. Therefore, these vehicles wits less wear and tear on their brakes.
- Tax Credits Might Be an Option
When ownership an EV, the upper ticket price may scare you. But the federal government offers a $7,500 tax credit for those who make this eco-friendly purchase. Here’s the catch: It only applies to unrepealable vehicles.
The government only offers the tax credit on unrepealable makes and models. The Nissan Leaf, for example, starts at virtually $28,000. With the $7,500 tax credit, this price can uncork virtually $20,500. If you’re thinking of purchasing an electric car, there’s no reason not to squint into the federal tax credit.
- The Shower Pack Will Need to Be Replaced Eventually
One significant forfeit associated with electric vehicles is that the shower will need to be replaced over time. According to the U.S. Department of Energy, the shower pack will typically need to be replaced without 8 to 15 years, depending on the climate where you live. Extremes in temperatures can lead to shorter shower life. It is possible for them to last longer than this estimate, however. A new shower pack financing thousands to tens of thousands of dollars, but this forfeit is predicted to go lanugo over time.
These are just four things to know surpassing ownership an electric car. From charging to long-term maintenance costs, it’s important to be enlightened of all the ins and outs of purchasing an EV surpassing making this long-term, eco-friendly decision.
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