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by Nick Versaw Updated November 16th, 2021

Why Buy an Electric Car?

Reduce your carbon footprint and save money while you're at it!

Electric cars aren't just a fad -- they're the future of transportation. And if you're in the market for a new car, electric vehicles are worth considering, no matter your budget.

Here are just a few of the reasons why you should consider an electric car:

  • Save on Fuel: According to the U.S. Department of Energy, the cost of fuel for an electric car is less than half of what it is for gas-powered vehicles. Just think about how much you spend on gas each month and you'll realize exactly how much you can save!
  • Save on Maintenance: New research from Consumer Reports shows that the estimated annual maintenance costs of electric cars is around 25% less than than traditional vehicles. This is because electric vehicles have far fewer moving parts, which means less wear and tear on your car.
  • Save the Environment: The Department of Energy recently found that electric vehicles produce as little as a third of the annual emissions when compared to traditional gas-powered cars. Now that'll put a serious dent in your overall carbon footprint!
  • If you're ready to make your next car, truck, or SUV an electric vehicle, use to compare prices on new and used EVs in your area, all in one place.

How to Buy an Electric Car

Make sure you get the best possible price on your next vehicle by following this step-by-step guide.

number 1

Understand Your Needs

There are several things to think about when you're considering buying an electric vehicle. A few of the questions you should be asking yourself include:

  • How long is your commute?
  • Do you plan on going on long road trips?
  • Do you have a garage or other area where you can charge your vehicle at home?
  • How many charging stations are in your area?
  • Does your state offer EV-specific tax incentives?

Your answers to these questions will help determine which type of electric car is best suited to your needs.

number 2

Determine Your Budget

While electric cars are typically more expensive than traditional gas-powered vehicles, they can vary wildly in price.

Cars like the Nissan Leaf can be purchased used for less than $10,000, while others, like the Porsche Taycan Turbo S, can run as high as $200,000 or more.

Just remember, even though you might be paying more up front for an electric vehicle, you can save big in the long run with reduced fuel and maintenance prices, along with a slew of available tax incentives (more on that later).

number 3

Decide Which Type of EV is Best for You

There are several types of electric vehicles on the market today, each with different benefits and barriers.

If you don't have a long commute and own your own home (and can therefore install a permanent charging port), a Battery Electric Vehicle (BEV), which can save you thousands on gas and maintenance, might be a great option.

If you go on lots of long drives and are worried about running down a battery, a Hybrid Vehicle (HEV) or Plug-in Hybrid (PHEV) is a great choice.

And if you live in California and want to be an early adopter, a hydrogen-powered Fuel Cell Electric Vehicle (FCEV) might be worth considering.

number 4

Compare Long-term Costs of Maintenance, Fuel, and other Expenses

Another factor to consider is the difference in long-term costs to own an electric vehicle. As we've already mentioned, you can expect to pay less on fuel and maintenance than you would if you owned a traditional vehicle, but how much depends on which type of EV you choose, and can even vary depending on make/model.

Luckily, MIT's Trancik Lab has put together a handy tool that allows you to compare all of the ownership costs between various electric makes and models. So be sure to visit before you make your final decision!

number 5

Research Available Tax Credits

One of the biggest benefits of buying an electric vehicle is the government-sponsored tax incentives.

However, exactly how much you can save on your taxes depends on where you live, so be sure to research all of the incentives offered in your local area.

Trust us, you'll be thankful come next tax season!

Learn More About Electric Cars & How to Save