Buying your first electric vehicle: 5 things to consider

The future is EV! As automakers around the world push harder to phase out gas-powered vehicles, electric vehicles will soon become the norm. Many automakers plan to completely phase out gas-powered vehicles in favor of electric cars within the next 10 years. Other major automakers are making similar commitments.

There are countless reasons to switch to an electric vehicle, but buying an electric car is a big commitment. Be sure to do your homework before switching from gas to electric. Here are five things to consider when buying an electric vehicle.

1. Scope

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When it comes to electric vehicles, range is the most important statistic. Range describes the distance an electric car can travel on a fully charged battery or on a single charge. Understanding the range of an electric vehicle is key to determining if it meets your daily driving demands. Most EVs now offer a range of 200 miles or more, so most EV drivers won’t experience anxiety in their daily commute.

2. Charging time

Another critical factor to consider when buying your first electric vehicle is charging time, according to Erie Insurance. Depending on battery size and specifications, it may take at least 30 minutes to complete a charge. A full charge can take 4-12 hours on an empty battery. However, you can easily meet your daily battery life needs by charging overnight at home with Level 1 gear.

3. Cost of electricity

Before you spend tens of thousands of dollars on a shiny new electric vehicle, you probably want to know how much it will cost you in terms of electricity costs. The exact amount will depend on many variables. You will need the model’s energy efficiency (kWh/100 miles) and the residential electricity cost per kWh to calculate the cost of a full charge.

It’s also important to consider the time of day the peak charges apply. In most cases, electricity costs are at their lowest late at night. Therefore, charging your electric vehicle overnight at home can help you save a few dollars.

4. Cost of Ownership

An EV charging station | Vachira Vachira/NurPhoto via Getty Images

Another factor to consider when buying your first electric vehicle is the cost of ownership. Electric vehicles are not cheap, but despite their high price, owning an electric car is significantly more affordable than a gas-powered car. For starters, electric vehicles don’t have the same maintenance needs as their gas-powered counterparts.

The cost of fuel is another issue. Even if fuel prices continue to drop, it can cost you up to $100 to fill your empty gas tank. Conversely, it costs as little as $10 to charge your electric car at a public charging station. Plus, it’s only going to get cheaper as charging stations become more widely available.

5. Whether to buy a home charger or not

Do you need to buy a home charger for your new electric car? The main reason for buying a home charger is insufficient charging infrastructure. Installing a home charger in your garage or overnight parking spot allows you to start your day with a full charge.

Although it’s easier and more convenient, you don’t necessarily need to install a charging station for your new electric car at home. In some situations, EV owners might get by with out-of-home charging alone. Some employers also offer shared charging, so you don’t have to rely solely on public charging stations.

As electric vehicles become cheaper and widely available, more and more people want to buy them. However, buying an electric car is an important step. Whichever electric vehicle you choose, it should fit your lifestyle. If you’re considering buying an EV for your next vehicle, be sure to consider not only aesthetics, but also range, charging time, and whether or not to purchase a home charger. .

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