10 Factors to Consider When Choosing an Electric Vehicle

Electric vehicles (EVs) are becoming more popular, but there are still some misconceptions about them in the general public. If you’re thinking about purchasing an EV as an alternative to a traditional gas-powered vehicle, there are 10 factors you should consider first before purchasing one.

Electric vehicles come in different shapes and sizes

think of your regular car, a scooter, and even bicycles. Due to recent advances in technology, electric vehicles are becoming more affordable and accessible for people with different needs. But with so many types of electric vehicles on the market, it can be difficult to choose which is best for you. There are several factors that you should consider when choosing an electric vehicle. To help you make a more informed decision, we have compiled 10 factors that should influence your choice when it comes time to purchase a new ride.

All electric cars (no hybrids) are not created equal

Some take hours to charge, some cost thousands of dollars more, and some have shorter ranges than others. It’s important to know what you want from your electric vehicle before buying one, since not all cars are created equal. With so many factors at play when it comes to picking out a car—long range or affordability? Tesla or Chevy?—it’s easy for buyers to get overwhelmed by their options. However, once you’ve figured out your priorities, it becomes much easier to find a car that works for you. To save people time and money when choosing their next electric vehicle (EV), GOBankingRates compiled a list of 10 things every buyer should keep in mind as they shop around: Continue reading on GoBankingRates →

A Closer Look at the Type of Batteries Used in EVs

This is by far one of the most important factors to consider when choosing an electric vehicle. These batteries are responsible for powering and propelling EVs, so it only makes sense that it’s a major consideration when looking at various options. Understanding how different battery types work will help you decide which EVs are right for you based on your needs. Let’s start with two popular types of electric vehicles: hybrids and battery electrics (BEVs). Hybrids typically rely on a combination of electricity and gas, while BEVs use lithium-ion or nickel-metal hydride batteries, which store more energy than other types and can be recharged using either power sources or via regenerative braking—the latter being a huge environmental bonus since slowing down or braking generates extra energy.

How Far Will Your EV Take You?

An electric vehicle will only go as far as its battery allows. If you want a longer range, you’ll have to pay more for it. In fact, outfitting a fully electric vehicle with enough batteries for 150 miles or more can cost twice as much as a base model in some cases. The average commute is just 30 miles round-trip, so most people will find they’re satisfied with short-range EVs that provide 70 or 80 miles of driving time on a full charge.

What Are The Best Places To Charge an EV Today?

Whether you’re shopping for a Tesla or just thinking about buying your first plug-in hybrid, one of the first things to consider is charging options. While some electric cars can travel as far as 300 miles on a single charge, others are limited to around 100 miles before needing a charge. As more people choose electric vehicles (EVs), it’s important that public spaces and businesses put charging stations in convenient areas. To choose wisely, take into account how often you’ll use your vehicle, where you live and work, and how many chargers are available in your area. Generally speaking, cities tend to have more public charger access than rural areas—but keep in mind that newer EVs may not be compatible with older plug-in stations.

What Are Some Available Tax Credits?

One of the best ways to offset any extra costs associated with purchasing a new electric vehicle is by claiming available tax credits. A number of states offer tax credits for buying or leasing an electric car, and it’s important that you research these options thoroughly before committing. These include everything from income tax credits and sales tax exemptions to registration fee discounts, so it never hurts to do your homework. That said, not all vehicles qualify for every incentive program available; consider researching incentives at your state level as well as at a federal level (particularly if you purchase your vehicle in another state). To learn more about what kind of tax credits may be available in your region, check out our Tax Credits & Incentives page.

How Much Do Electric Vehicles Cost?

As electric vehicles become more popular, many people are wondering how much they cost. The price of electric vehicles varies widely depending on a variety of factors: which model you choose, how far you drive each day, whether or not you qualify for tax incentives and rebates, etc. To get a good sense of what you can expect when shopping for an electric vehicle, take a look at your local government’s website or call them directly. They’ll be able to give you valuable information about state and federal rebates and help make sure that your purchase is in line with your budget.

How Long Does it Take to Charge the Battery Pack for my EV?

EVs are notorious for their long charging times and short driving ranges. Unfortunately, there’s not much of a way around either issue, though electric vehicle manufacturers have made huge strides in range over just a few years’ time. Regardless, one of your top considerations when choosing an EV should be how you’ll charge it on a regular basis. Depending on your needs, public charging stations could be enough. But if you don’t want to make pit stops every day, it might be best to choose an EV with fast-charging capabilities or at least one that can work with level 2 chargers—typically standard wall outlets in your garage or driveway—as well as level 1 (or trickle) chargers that take hours.

Is There Anywhere I Can Plug In My EV While I Am On the Go, Or Should I Park Before Charging Begins?

There are a number of places you can charge up your electric vehicle (EV) while out and about, either using your typical wall outlet or a Level 2 charging station. Some EVs come with a cord that allows you to plug into any standard household outlet. Other EVs, such as those made by Tesla, use proprietary superchargers that only work at dedicated stations. While convenient for long trips or anytime you’ll be parked for several hours, Level 2 charging stations will cost you anywhere from $2,000-$5,000 to install yourself; most new vehicles come with basic Level 1 chargers as standard equipment and free charging in public spaces.

What About Charging Time — How Quickly Can I Get Back on the Road After Charging is Complete?

One of your concerns might be that you’ll never have enough time to charge during your busy day. However, most electric vehicles can now be charged in as little as 30 minutes with fast charging technology! Check with your vehicle manufacturer for more information about how quickly their car can be charged. In addition, many public charging stations are becoming available for overnight charging at home or on longer road trips. Charging from a public station may take up to several hours, so plan accordingly when traveling long distances; you don’t want to get stuck waiting for a charge!