The allure of the electric vehicle has never been stronger.
Tesla is raking in record profits.
General Motors plans to sell
only electric cars by 2035. Volkswagen is aiming to make them cheaper than
gasoline-powered vehicles. And surveys show that at least two-thirds of
American drivers are open to buying an EV.
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Many people still have concerns about cost, choice and charging,
but those barriers are falling fast and
President Joe Biden hopes to speed
things along with tens of billions of dollars in incentives.
It can feel overwhelming and exciting to someone in the market
for a car. Here’s how you should think about whether an electric vehicle is
right for you.
What are you looking for? Be honest.
Electric vehicles are fast, are fun to drive, require little
maintenance and produce no tailpipe emissions, a major contributor to climate
change. But even if you’re sure you want one, there are many to choose from.
That’s why it’s important to understand what you’re looking for.
“Is it basic transportation? Or is it an expression of yourself
and your personality?” said Matt DeLorenzo, senior managing editor for Kelley
Blue Book. “Cars are a statement about their buyers. If they weren’t, there
wouldn’t be a Mercedes.”
Take Tesla. Sure, the company makes powerful, modern and fast
electric vehicles. But the appeal is also tied up in what a Tesla says about
its owner. Buying one means buying into a community of early adopters — and, to
an extent, into the views and visions of Elon Musk, the company’s magnetic and
brash chief executive. As a result, many car people either love or hate Tesla.
Some electric vehicles, like the Hyundai Ioniq, the Nissan Leaf
or the Mini Cooper SE, start around $30,000 and are economical and ecological
alternatives to a gas-powered car. Others, like the Porsche Taycan or the
forthcoming behemoth electric Hummer from General Motors Company (GMC) and the
luxurious Mercedes-Benz EQS, are statement pieces that will set you back
something in the ballpark of $100,000.
What’s your charging plan?
The nation’s charging infrastructure may be growing fast, but
anyone looking to make the switch to electric vehicles should have a charging
plan.
The first step is to determine where you will typically charge
the vehicle. Most people do it at home, which is easiest. But with new electric
cars and trucks able to drive 322km or more on a full charge, some drivers
choose to refuel as needed at work or public charging stations. Some city
residents have been known to unfurl long cables from apartments or homes to
power vehicles parked on the street.
If you plan to charge a new electric car or truck at home, there
are pitfalls to be aware of. While electric vehicles can be powered with
typical household outlets, the process is painfully slow, taking up to 24 hours
or more to reach a full charge. Many owners opt to install a faster 220- to
240-volt outlet, like those used by clothes dryers, which usually entails
hiring an electrician.
“You’re basically installing something unique for the electric
car — there is a cost
But don’t stress too much. While the fear of running out of
juice — often referred to as range anxiety — is real, it’s often overstated,
experts said.
Consumer Reports hears from many Electric Vehicles (EV) owners
who don’t charge their cars daily because they don’t need to, said Jake Fisher,
senior director of auto testing for the group.
Should I buy a Tesla?
As the market leader, Tesla has some advantages. Its cars and
technology have been in use longer than electric vehicles made by other
automakers, and Tesla has an easy-to-use charging network for the exclusive use
of cars it makes. But the landscape is changing fast, according to Weaver of
Edmunds.
“There’s a real explosion in choice,” he said. “Everybody, and I
mean everybody, is piling into the market. The tipping point has been reached
where all your familiar brands will now be offering genuinely useful, versatile
EV alternatives within the next two or three years.”
Several new electric vehicles hit the roads in early 2021,
including Ford’s Mustang Mach-E, Volkswagen’s ID.4 and Volvo’s XC40 Recharge.
And carmakers are expected to introduce many more this year and next. Some that
auto enthusiasts are eagerly awaiting include the Audi Q4 e-tron sport utility
vehicle, BMW’s i4 sedan, Hyundai’s Ioniq 5 SUV and Nissan’s Ariya SUV. Several
startups are expected to start selling cars, too, including the Lucid Air sedan
and Rivian’s R1T pickup truck and R1S SUV.
What can you afford? (Tax credits could help.)
Yes, electric vehicles cost more than similar gasoline-powered
vehicles, but the sticker price tells you only so much. Federal and state tax
breaks, utility grants and other savings can help to offset the cost.
The federal government offers a $7,500 tax credit for electric
vehicles. It has run out for customers buying a Tesla or a GM car, but it’s
still available for many other electric vehicles. Take the Nissan Leaf. A new
basic model costs nearly $32,000, but after the federal tax credit, the price
drops to less than $25,000. And states, cities and even utility companies offer
incentives for buying electric vehicles or installing chargers at home.
Electric vehicles are also cheaper to own. A recent Consumer
Reports study found that the average electric vehicle driver will spend 60
percent less to power the car, truck or SUV and half as much on repairs and
maintenance — no oil changes needed — when compared with the average owner of a
gas-powered vehicle.
Buying used could be a cheaper way to get an electric vehicle,
though evaluate the car you are buying carefully, particularly the quality of
the battery, because it will degrade over time. That said, a used electric
vehicle could be a perfect choice for a second car for errands, commutes and
other short trips.
Consider the alternatives.
As exciting as it may be to own an electric vehicle, it may not
be for everyone. Many families and individuals can’t afford an EV that meets
their needs — there are few electric vehicles with three rows and room for
youth sports gear, for example, and they tend to be expensive. Others cannot
easily charge at or near their homes. That’s why DeLorenzo and Fisher recommend
plug-in hybrids.
“If you’re interested but not really sure you want to commit,
these plug-in hybrids are kind of a gateway,” Fisher, of Consumer Reports,
said.
For many people, a plug-in like a Chrysler Pacifica Hybrid
minivan or the RAV4 Prime SUV could effectively serve as an all-electric
vehicle, he said. Toyota claims the RAV4 Prime can run for 42 miles before
switching to gasoline, while Chrysler says the Pacifica has 51km on a full
charge. If used mostly for short commutes to work and trips around town, the
cars could rarely use gas. Those two vehicles and other plug-in hybrids also
qualify for federal tax credits.
“You can just plug it into your normal wall outlet and charge it
overnight and you can get a taste of what that’s like, having an EV, and then
maybe your next vehicle will be a pure EV,” he said.
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