Buying an Electric Car
Buying an Electric Car
Most of us know what we need consider when purchasing a gas-powered vehicle, but electric vehicles (EVs) carry a different set of considerations . To help, we created this electric car buying guide so you can feel confident that you’re asking the right questions and selecting the absolute best electric car for you.
The Vehicle's Range
The range is the distance that an EV can go before needing to plug into an electric car charging station to recharge its batteries. Luckily, the latest models on the market average a range of 200 miles or more, and you may find you don’t need that much given your daily driving habits.
Before shopping, we recommend making a list, including:
- How far you commute daily to and from work
- Any other travel required for work
- Recreational outings
- Road trips
When you start shopping, you’ll see that electric vehicle description pages provide the estimated range and that you can typically filter vehicles by range needed. Keep in mind that a very hot or very cold climate will decrease the range, which leads us to our next point.
The Local Climate
As mentioned above, extreme climates will decrease the listed range for electric cars. Consider whether your climate or a particular season may affect your EV range and plan accordingly. According to AAA, in cold weather (20 degrees Fahrenheit and below) electric range decreases 41%. In hot weather (95 degrees Fahrenheit and above with air conditioning in use) electric range decreases 17%.
Recharging the Vehicle
The most convenient and affordable way to charge your electric car or plug-in hybrid is to have a home charging station, so consider whether this is an option where you currently live. If you live in a rental, for example, you will want to see if your rental property has charging stations on the premises or determine where you can charge nearby. Most EVs can be charged via a typical household wall outlet (110 volts, also called Level 1 Charging), but this takes much longer, so installing a special charging unit is typically suggested. Think about your parking situation and the ability to install the Level 2 Charging set-up at home (208-240 volts). Also consider the cost of installation, though it can sometimes be offset by incentives from your local utility company.
If you’re unable to install a charging unit at home, you can use public charging stations. Keep an eye out on your next commute or download a convenient app like PlugStar to figure out where to plug in. Level 2 and Level 3 charging EVs can reach 80% charge in under an hour, so relying on public charging alone isn’t out of the question.
The Battery Warranty
Federal regulations require that every EV's battery must be covered under an eight-year/100,000-mile warranty. Certain brands and models extend their warranty, like Hyundai, while others only protect against total failure. Brands like Chevrolet, Nissan, and Volkswagen will replace your battery if its capacity is decreased between 60-70 percent under warranty.
Incentives and Rebates
Current federal tax credits range from $1875 to $7500 for new all-electric or plug-in hybrid vehicles, thus significantly lowering your total cost. The tax credit amount is based on battery capacity and on the number of units a manufacturer has sold. For example, Tesla is no longer eligible for any credit because it had sold more than 200,000 units over a year ago and has completed the phase-out process. To see a current list of how much each make and model qualify for, visit the IRS information page. You may be eligible for state incentives and rebates. Use our Personalized Incentives Tool to find out how much you can save.