It wasn’t more than a decade ago when most cars were still relatively dumb machines compared to today’s electrified, connected automotive gadgets. This is thanks to incredible advancements in battery technology and infrastructure that have made electric vehicles (EVs) an increasingly compelling option for the average consumer.
Today, just about every major automaker offers an electric model, if not a hybrid. Buying an electric vehicle allows you to reap numerous benefits, including better performance and lower operating costs. However, the ownership experience is considerably different to that of a gas-powered model.
With this in mind, here are some things to know before buying electric.
Charging
Public charging stations are popping up around every corner, but it’s generally cheaper and more convenient to charge at home. The only problem is that a typical 110-volt wall outlet can take up to a day to fully juice up your EV. For this reason, it’s wise to consider getting a professional to install a 240-volt service at your home. In doing so, you can bring the batteries back to 100 percent in as little as four hours.
Operating Range
While this is less of a problem today than it was a couple of years ago when electric vehicles barely made the 100-mile mark, you’ll still want to make sure that your chosen model’s range is sufficient for your needs. It’s better to underestimate the range because mileage figures tend to vary. For instance, you’ll burn through a lot more power on the highway than in town.
You can also expect your mileage to suffer significantly come the colder seasons. According to the AAA, an EV’s range will be cut down by over 40 percent when the heater is in use and mercury levels drop to 20°F. In summer, having your AC on will steal around 17 percent of your energy reserves.
Meeting Your Needs
As with buying any car, it’s important to do some thorough research to determine whether your EV of choice offers sufficient space inside for you, your family and anything you need to carry along. What’s great here is that even the smallest electric or hybrid hatchback has more space than a gas-powered equivalent. This is largely due to the fact that there’s no engine under the hood, which subsequently becomes a second trunk.
Leasing vs Buying
Around 80 percent of EV owners lease their cars. This is largely due to lower down payments and monthly outlays, as well as promotional deals that include cost reductions. Leasing an EV is a smart way to keep up with the latest innovations, particularly when it comes to operating range. However, it’s worth noting the potential unexpected charges that come with leasing.
Incentives
Buyers of a new EV can benefit from a $7,500 one-time tax break, which is split into your monthly payments if you’re leasing. The drawback is that the credit phases out when an EV automaker sells more than 200,000 units. Tesla already hit that mark, as did General Motors. Fortunately, most states offer their own incentives.
Buying your first EV can be exciting. Provided you choose wisely, you can enjoy the many benefits that come with driving an electrified car.
