Electric vehicles are becoming more popular, with sales increasing in recent years. In addition, new federal tax breaks can help you keep more money in your wallet when buying an EV.
This type of car is especially worth considering for certain types of drivers. If the items on this list describe you, it could mean it’s time to get an electric vehicle.
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SPONSOREDYou live somewhere with high gas prices
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Fuel costs are often a major motivator for consumers considering switching to an EV so they can actually cut car costs. That is especially true in areas where gas prices are particularly high.
Sit down and compare the cost of fueling up your car on a regular basis with the cost of electricity when charging your vehicle. There is a good chance the EV will win out over a gas-powered car.
You do a lot of local driving
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“Range anxiety” is the fear of running out of battery power while driving an electric vehicle long distances. This can be a real worry.
But many people spend most of their driving time making short trips around town. If that describes you, range anxiety should not be a major fear. That can make an EV more attractive.
You have a house with a garage
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One of the great things about electric cars is the convenience of charging your vehicle at home. But that option might or might not be available to you depending on your living situation.
Buying an EV might make more sense if you live in a home with its own garage. That makes it easy to access electric power through a plug or charge port.
But don’t rule out an EV just because you live in an apartment. Some rentals offer dedicated parking spots with charging stations.
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You're trying to save money on taxes
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The federal government is offering tax breaks to people who buy electric vehicles, which can make them more affordable.
Right now, you can get up to $7,500 in tax incentives when you buy an electric vehicle. So, talk to your car dealer and find out if it sells models that qualify for the tax break.
Be sure to do your homework, as not all EVs qualify for the incentives.
You want the convenience of charging instead of filling up
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It can be frustrating to drive around looking for a gas station to fill up your tank when your car is running low on fuel. You also might not like the idea of standing in the snow or rain just to get gas.
EVs offer the convenience of being able to charge your vehicle in your own garage, where you don’t have to deal with the outside elements or driving around trying to find a gas station.
You have a charging station at work
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Many people find that most of their driving each day centers around driving from home to their job. Fortunately, more businesses are adding EV chargers to the parking lots of commercial buildings and offices.
Keep an eye out for charging stations at your office. They can offer a convenient way to charge your vehicle while you’re sitting at work.
You don't live in a cold climate
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One of the downsides of owning an electric vehicle is that it might not run as well during colder months.
The battery has to work harder when it’s cold. This means that your driving range might be reduced during colder weather.
There are ways to get around some of these issues, such as warming up your car in the morning while your vehicle is still plugged in or keeping the temperature low inside.
However, you might want to think twice about EV if you live in a state such as Minnesota, Maine, or Montana.
You care about the environment
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For many folks, climate change and other environmental issues are major worries. Switching to an electric vehicle can reduce your carbon footprint.
You will feel better about driving knowing that your tailpipe is not putting extra pollution into the air.
Your car is parked most of the time
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Think about how often you actually drive your car on a daily basis. Many people drive very little during the course of a typical 24-hour period.
That means that if you work from home or in an office with charging stations, you can easily charge your vehicle when it is sitting idle. This can be another good reason to buy an EV.
Bottom line
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Electric vehicles can be a good option if you want to boost your bank account by saving money that otherwise would go toward paying for gasoline.
So, if the items on this list describe you, it might be time to consider switching to an electric vehicle.
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