Things To Consider Before Buying An Electric Vehicle This Holiday Season

Electric vehicles (EVs) are positioned to become the future’s global mobility solution.

Although EVs have a history spanning over a century, the momentum for battery-powered vehicles has recently gained significant traction.

If you’re considering the purchase of an electric vehicle (EV) this holiday season, you’re joining a growing trend in the pursuit of sustainable transportation.

Research conducted by consumer intelligence firm JD Power indicates a projected surge in electric vehicle (EV) sales, anticipating a market share of 13 per cent by the end of 2024 and a remarkable 24 per cent within the next three years. Additionally, electric car sales have already surpassed 8 per cent of all new vehicle purchases as of October this year, marking a substantial increase from the 2.6 per cent recorded in 2020. These statistics underscore the growing popularity and acceptance of electric vehicles, as reported by Euronews.

Here are a few things to be aware of before buying your first EV.

Driving Range

When choosing an electric vehicle, the driving range is a crucial factor. To get a better idea of the real driving distance an EV can travel, take a look at reviews rather than just the manufacturer’s stated driving range. This practical method gives a more realistic picture of the car’s on-road capabilities, which is crucial for well-informed decisions when choosing an electric vehicle.

Battery

The battery is the most expensive component of an electric vehicle. Therefore, learn more about the features and battery range of an electric vehicle before making a purchase. Ascertain the battery’s lifespan and replacement cost. It is advisable to investigate electric vehicles with batteries that suit your requirements and preferences. Usually, the manufacturer offers a time- or distance-based warranty on the battery pack. Thus, always be mindful of the battery pack’s warranty duration.

Charging Options

Various charging methods are available for electric vehicles (EVs), such as rapid, slow, and standard charging. The majority of fast chargers are located in public areas and are costly to install. Meanwhile, standard and slow charging can be accomplished by installing chargers in the home. Therefore, before purchasing an EV, check out the available charging options.

Maintenance Cost

One important factor to take into account when selecting an electric vehicle (EV) is the cost of maintenance. An electric vehicle’s performance can be impacted by neglect, just like any other type of vehicle. Since they have fewer moving parts, electric cars typically require less maintenance; however, repairs can be expensive if they do break down.

Insuring an Electric Car

Electric cars have higher insurance costs than internal Combustion Engine (ICE) vehicles. That doesn’t mean they’re less safe or more prone to accidents than other vehicles. The increased insurance premium is primarily due to the higher cost of electric vehicles over traditional vehicles.