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Electric vehicles have been touted for their low impact on the environment and their high performance (especially the lightning-quick acceleration). But with gas prices reaching record highs this year, the biggest reason you might want to consider one now is this: To refuel, it connects to a charger, instead of a gas pump. Estimates show that the costs to power an electric vehicle are less than half of a gas-powered car; the savings may be even greater as gas prices climb. Maintenance costs are lower too.
Luckily, the auto industry got its timing right. Just as this gas crisis is upon us, more manufacturers have entered the electric vehicle (EV) market. For years, the market has been dominated by Tesla, whose mostly high-end EV cars brought style and panache to the trend. But now you can find plug-in vehicles from such mainstream manufacturers as Volkswagen and Hyundai, among others. Even the venerable Ford Mustang and Ford F-150 pickup are made in all-electric versions now.
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But we understand: Anyone who has driven a standard gas-powered car their whole lives may be hesitant to adopt this new technology, especially when gas stations remain prevalent and public EV chargers few. If you’re in the market for a new car this year, or are just “EV curious,” here are facts to consider.
What’s an EV like to drive?
EVs are also exceptionally quiet, which makes it easier to carry on a conversation with a passenger at a normal tone of voice. And, because electric motors are smaller than gas engines and because the batteries on new EVs are typically positioned under the chassis, carmakers can give over more space to passengers and luggage. So a midsize EV typically has more room inside than an equivalent-size gas car.
How much do EVs cost to buy?
It’s complicated. That’s because you need to consider more than the sticker price, which will likely seem high compared with similar gas-powered vehicles.
To start, some states offer incentives on certain EV models. The U.S. Department of Energy offers a state-by-state breakdown.