What Electric Car Owners Want You to Know Before You Invest in an EV

What Electric Car Owners Want You to Know Before You Invest in an EV

If you are looking for a car or might buy one in the next few years, you may have noticed that there are more and more electric cars on the market. A recent study by Forbes found that 23% of drivers would think about buying an electric car, but only 4% of new vehicles sold in 2021 were electric. So, what’s going on?

Even though the world will probably be full of electric cars in the future, it seems like many people who own cars with internal combustion engines (ICEs) are hesitant to buy electric cars. “Range anxiety” is the biggest worry, but consumers also worry about the cost of the vehicle itself and the cost of fixing a fancy computer on wheels, as well as the infrastructure (or lack of infrastructure) for EVs in the United States.

Here’s what the real experts say you need to know before you buy that electric vehicle: current owners of electric vehicles.

Things in Common

96% of people who own electric cars won’t buy another car with a gas vehicle.

People are often worried about buying an EV for a few reasons: they worry that they won’t be able to get where they want to go because the battery will run out; they worry that they won’t be able to charge it when they need to; and they worry about spending so much money.

According to a AAA study, 96 percent of EV owners are so pleased with their vehicles that they will only buy another EV.According to the same study, 43 percent of people who buy an EV drive more than they did when they had an ICE vehicle.

Despite the fact that 78 percent of EV owners also own ICE vehicles, they prefer their EV; more than 85 percent say they use their EV for the majority of their driving.

Having the ability to charge at home is critical.

Even though there are a lot of electric car chargers in some parts of the country, being able to install a level-two charger at your home is almost a must. The PEW Research Center says that 36% of the nation’s 122.8 million households in 2019 are rentals, so it’s clear that this is a problem for many people. Even though you could own an electric vehicle (EV) without a charger, it would be hard, especially if you live in a place that doesn’t have the infrastructure for many public charging stations.

At the public charging station, you’ll have to wait until a spot opens up. You may not be in a place where you feel safe leaving your car charging for long periods of time or overnight (or you may not be allowed to). It also costs more to charge your vehicle at a public station than at a charging station in your own home. If you use your car to get around every day, this might not be the best choice for you.

Cold and heat impacts range.

Yes, heat and cold do affect how far a charge will take you. If you decide to buy an electric car, you’ll need to get used to its shorter range. This can make it harder to own a vehicle in places like the Midwest, where commutes are often longer, there isn’t much public infrastructure for EVs, and the weather changes a lot more than it would be on the coasts, for example. Even though you shouldn’t let this stop you from buying an EV, you should think about it when choosing one to make sure you’ll have enough range, especially if you have to deal with a shorter range in the winter.

Electric cars require less maintenance than ICE vehicles.

What do you think about oil changes that cost no more than $70? Even though electric cars do need some maintenance, that maintenance is much less than that for ICE vehicles and even less than that for hybrids. EVs also need less maintenance. You don’t have to worry about getting expensive oil changes, and you also don’t have to change the fluid in your power steering or transmission. Because of the regenerative braking system, your brakes will also wear out less quickly.

Think about the tires, tire rotations, tire pressure checks, cabin filter, wiper blades, washer fluid, wheel alignment, brakes, air desiccant, and coolant when you think about what maintenance these vehicles do need. You’ll still have to go to the mechanic every six months, but compared to visits for an ICE vehicle, you’ll pay an average of $330 less per year for service.

The electric battery, which is the most expensive part of the vehicle, is covered by a federal law for at least eight years.

The main takeaway? Buying and owning an electric car is only slightly more expensive.

Electric vehicles are not for everyone. If you don’t own a home where you can install a personal charger, you don’t live in a city with a lot of public charging stations, or for a number of other reasons, you might want to think about getting a hybrid vehicle instead.

Still, when you think about how much cheaper it is to maintain an electric car and how many cheaper models are coming out, owning an electric car is just a little bit more expensive than owning an ICE vehicle. Just $300 more per year.

When ICE vehicle owners buy an EV, the worries they had about it seem to go away. This suggests that EVs are a good choice for many people, as long as they do their research first. Make sure to think about the vehicle’s range, how you drive, the warranty, and whether you live in an area with extreme cold or heat. If you do, you’ll find that investing in an electric vehicle is a lot easier and less scary than you might think.