5 Things To Consider Before Owning An Electric Vehicle

Electric vehicles (EVs) are fast becoming the future of automobiles. They can protect you against rising fuel costs while contributing to a greener and more sustainable world. Due to its numerous benefits, several countries have mandated that future vehicles sold within their borders should be electric types. 

By 2030, you can expect electric cars to account for up to 75% of all automobiles sold worldwide. However, since electric vehicles are new, most consumers may need help choosing one. If you’re considering buying an electric car, this article shares five crucial considerations to help you make a well-informed decision. 

1. Electrical Needs And Charging Stations

Electric cars run on battery instead of fuel. Thus, it would be best to recharge their batteries frequently. The charging system is one of the most crucial things to consider before owning an electric car. When you buy an electric vehicle, you need to plan for a specialized charging station. So having Dedicated Electrical Circuits is crucial in keeping you up and running. 

While most electric cars can recharge using a standard household socket, it can take days to charge the battery fully. Hence, installing a specialized EV charging station can help accommodate faster electric car charging. 

However, you need to plan for construction and electrical requirements. You may also need to install solar panels to save on energy bill costs. This article goes into more detail about electric cars and charging station installations.

In addition to home charging stations, it’s best to know public charging locations. While electric vehicles are increasing in popularity, there are still limited charging stations. Long-distance trips are manageable when you have a list of charging stations to stop at to reach your destination. 

You can use a map of your locality or state and determine the charging points spread in various areas. You can find them in fuel stations, car parks, shopping centers, and commercial properties. Meanwhile, charging stations may not be a problem in major cities. But most small municipalities and towns still don’t have reliable EV charging stations. 

2. Driving Distance

Due to their power source, most electric cars have shorter drive ranges than gas-powered vehicles. Fortunately, technology helps increase their driving distance. A report shows that the average EV in the US is fast approaching the 300-mile driving range, with last year’s record at 291 miles.  

With its shorter driving range, you must consider the distance you drive daily. Choosing an electric vehicle with a better driving range capacity can help prevent inconvenience and frustration in the long run. 

3. Fully Electric Or Hybrid

Most eco-conscious people like the concept of an electric car. However, some may think it’s not a practical investment since it’s still relatively new. Fortunately, you can choose hybrid cars if you’re not yet ready for a fully electric one. 

Hybrids are the compromise between fuel- and electric-powered cars. These vehicles are more efficient and offer greener options than traditional gas-powered cars. They’re also more reliable than current fully electric cars since they provide two power sources. So, when your car’s battery dies, it can still run on gas and vice versa. 

A hybrid car can be more convenient, particularly if you travel long distances and don’t want to end up stranded in an area without EV charging stations.  

4. Budget 

Owning an electric vehicle is more expensive than a fuel-powered vehicle. With traditional cars, you have four basic expenses: purchase, insurance, gas, and maintenance. Meanwhile, an electric vehicle requires additional costs. 

Besides its purchase price, maintenance, and insurance, you should also consider significant expenses. These include charging station installation and maintenance, battery replacements, energy bills, and public charging station costs. Due to its technology, some EV cars may also have higher maintenance costs. 

These expenses can add up in the long term, making them too expensive for individuals with an average income. Before buying an electric car, calculating the numbers will help you determine if you have the budget to own one.

5. Incentives and Tax Rebates

Although electric cars are expensive, most governments offer tax rebates, subsidies, and incentive programs to help offset the cost of EV purchases. Such programs enable EV purchases to be slightly more affordable. Hence, it encourages the faster adoption of EVs to support their environmental goals. 

The type of financial incentive and the amount you can offset will depend on several factors, such as your location and the type of vehicle you’re buying. Some rebates can be lucrative, saving you thousands from your purchase and maintenance. It’s best to take the time to research and determine if your local government offers these incentives.  

Takeaway

There’s no denying that electric vehicles will play a critical role in the future of automobiles. The industry is still in its early stages, making it trickier to buy an electric vehicle. However, considering the above factors, you can buy an electric car that fits your lifestyle while positively contributing to the environment.