Choosing a new car is difficult, and it is even more difficult if you choose between a traditional gasoline car or an electric car like the Nissan NSANY,
Leaf, Hyundai HYMTF,
Kona or Tesla Model S.
So check out our pros and cons of owning an electric vehicle to help you make an informed decision before signing the papers for your next car.
The biggest advantage of electric cars is obvious: you no longer need gasoline. This is a big deal since the average American spends between $ 2,000 and $ 4,000 on gasoline each year. With fully electric cars such as the Nissan Leaf, this cost is eliminated, although electricity is not free. A plug-in hybrid, or PHEV, can also eliminate some of your gas bill, but it still uses a gasoline engine as a range extender.
Beyond the fuel saving benefit, electric vehicles offer another significant savings on maintenance. Since an electric vehicle is fully electric, it does not need oil to lubricate an engine. This means that oil changes are a thing of the past. The same goes for many other expensive engine work that could affect a gasoline car. The brakes don’t wear out as quickly either, so you won’t need to replace the pads as often as on a normal car.
For electric cars, you’ll find substantial savings thanks to the federal government’s mandate that manufacturers provide a minimum 8-year / 100,000-mile warranty on electric vehicle batteries. Some manufacturers offer even more protection, like the Hyundai Kona EV’s lifetime battery warranty. For the Kona, the automaker also pays maintenance costs for the first three years or 36,000 miles with electric models (and gasoline ones too).
Tax credits and incentives
Electric vehicles are not only less expensive to own in terms of maintenance. They may be accompanied by federal tax credits and other state and local incentives. The Mini Cooper SE, for example, starts around $ 30,000 – not a small number until you factor in the $ 7,500. federal tax credit. Many states also offer incentives for electric cars. As a result, the $ 30,000 Mini Cooper SE can easily drop below $ 20,000. Hiring an electric car can also be attractive. Some leasing companies take the tax credit and pass the savings on to the driver. Otherwise, use it as a bargaining point when buying a car.
See: These are the 10 best-selling EVs
Reduce your carbon footprint
Of course, there is another major advantage of owning an electric car. For many drivers, just knowing they are doing their part to save the planet will be reason enough to jump into an EV.
Lily: Here are all your choices of electric vehicles, and which have the best safety features
The biggest obstacle to owning an electric car is range and the anxiety of running out of juice when you’re away from a charging station. However, as battery technology improves, range will also improve and these challenges will begin to fade away. According to reports, Toyota TM,
plans to unveil a solid-state battery with a range of 600 miles every day.
Until then, here are some examples of what you can expect from a longer battery life. According to the Environmental Protection Agency, for the 2021 Nissan Leaf Plus with its 62 kWh battery, its range is approximately 226 miles. For most drivers, that’s more than enough to get around, but many will need a second car, if only to calm their nerves.
the cars can cover some of the longest ranges of any production electric vehicle on the market. The 2021 Tesla Model S offers an estimated EPA range of up to 387 miles, and upcoming Model S sedans claim even higher numbers.
To note: Estimated ranges may change, especially over time or with a change in temperature.
Installation of an EV charging station at home
Another big downside is that many drivers have to install an EV charging station at home. This is not entirely necessary if you live near a plethora of public charging stations around major cities or at work or in shopping malls. But most buyers prefer the convenience of a home charging station, reducing the cost savings of owning an EV in the first place. And while you can technically charge an electric car from a standard 120-volt outlet, a 240-volt Level 2 charging station is much faster.
Expensive battery replacement
While owning an electric vehicle eliminates many maintenance issues such as oil changes, it can also come at great expense. These are mainly due to the batteries fitted in modern electric vehicles. The overall battery life is expected to be around a decade, and replacement batteries can be expensive. Most estimates put them well in the thousands of dollars.
Electricity still costs money
Finally, owning an EV doesn’t eliminate fuel costs. As mentioned, electricity isn’t free – and charging during peak hours can increase your utility bills. Yet many drivers won’t see their costs increase by more than $ 20 per month, at most. As of this writing, consumers pay about 13 cents per kilowatt hour in the United States for residential electricity. California residents pay more than 21 cents per kWh.
Learn more: How much does it cost to charge an electric car? We do the math
While it can be difficult to choose between electric vehicles and gasoline models, we hope that our explanation of the pros and cons can make the choice easier.
This story originally took place on Autotrader.com.