Are you looking to buy an electric vehicle (EV)? Is an electric car going to cost you more than a conventional car in the long run? What is its driving range? Does it cost more in insurance? Which type will suit you the most?
We’ve looked at seven essential facts for you to consider below.
It’s important to understand your car, including its specifications, range, battery warranty, etc. Here are seven essential facts to review before opting to buy your electric car:
Have you decided which type of electric car you want to buy?
Electric cars don’t come in a single design. Rather, there are four different types:
According to experts, fully electric or all-electric cars are more efficient than their other variants. So, decide which type will suit your needs and lifestyle.
How much have you saved for filling your garage with an electric car? An EV is environment-friendly, but it can challenge your purchasing capacity.
Manufacturers such as Audi, Tesla, Volvo, BMW and Nissan have diverse models but EVs can be expensive due to having a large battery.
If your budget isn’t that high to buy an electric car in one shot, you can lease it. Most electric cars are leased rather than purchased.
Leasing an electric car allows you to enjoy the vehicle for two to four years and then opt for the latest model, with payments lower than buying outright.
However you may have to pay some extra at the end of the lease period due to extra mileage (exceeding the stated limit). The same goes for returning a poorly maintained vehicle to the company.
The distance the electric car can cover on a single full charge is important to avoid having to find charging stations on long journeys.
Although the charging stations in the US, as well as the UK, are growing in number, a better option is to charge your EV at home. It may take around eight to twenty-four hours to fully charge it from a wall power outlet through a socket. A wall box will be much quicker.
An important aspect of buying and running an EV is the insurance cost.
Some sources say that the premium for EV insurance can be around twenty-one percent higher than that of petrol-powered cars.
Electric cars are more expensive than the regular models, so insuring such a vehicle costs more, and repair can be higher due to its expensive battery pack.
Never ever miss out on considering the battery warranty of your electric car. The battery pack is the most expensive part of the EV and it must be warranted in that manner.
Companies are giving battery warranties based on driving range and period. The US federal law ensures that all automakers provide at least eight to ten years of warranty on the EV’s battery packs. Also, the automakers provide battery warranty on driving distances ranging from a hundred to a hundred and fifty thousand miles.
Electric cars can be more expensive to buy, but their running costs will be cheaper. Pure EVs have zero tailpipe emissions and they offer a better driving experience than petrol, diesel, hybrid or plug-in hybrid cars.