Tips for Buying an Electric Car in 2024

# Tips for Buying an Electric Car in 2024

Electric cars are becoming more popular and affordable every year, as new models offer better performance, range, design and features. Whether you are looking for a family sedan, a compact hatchback, a luxury cruiser or a futuristic foldable, there is an electric car for you in 2024. But before you buy one, there are some things you need to consider and prepare for. Here are some tips for buying an electric car in 2024, based on the latest reviews, ratings and news.

## Know Your Budget

Electric cars are generally more expensive than gasoline cars upfront, but they can save you money in the long run. Electric cars have lower fuel and maintenance costs, and they may qualify for tax credits and incentives depending on where you live. However, you also need to factor in the cost of installing a home charger, which can range from $1,000 to $2,500¹². You also need to compare the prices and features of different electric car models, and choose the one that suits your needs and preferences.

## Check for EV Incentives

Depending on where you live, you may be able to recoup some of the cost of buying an electric car after the fact. For example, in the U.S. the federal EV grant takes the form of a tax credit worth up to $7,500³. However, this credit is not available for all electric car models, and it may phase out once a manufacturer sells a certain number of vehicles. You also need to check your state and local incentives, which may offer additional rebates, discounts, exemptions, or perks for electric car owners⁴.

## Know How Much Electric Car Range You Need

One of the main concerns of electric car buyers is the range, or how far the car can go on a single charge. Electric car range varies depending on the model, the battery size, the driving conditions, and the driving style. The average electric car range in 2024 is expected to be around 250 miles⁵, which is enough for most daily commutes and trips. However, if you need to drive longer distances or travel frequently, you may want to look for a model with a higher range, or plan your route around charging stations.

## Research All Your Charging Options

Another important aspect of electric car ownership is charging. Charging an electric car is not as simple as filling up a gas tank. You need to know where, when, and how to charge your car, and how much it will cost you. The best option is to charge your car at home, using a dedicated wall charger or stand-alone charging station. This way, you can take advantage of off-peak electricity rates, and have your car ready to go every morning. However, you also need to have access to public charging stations, especially if you travel long distances or live in an apartment. Public charging stations vary in speed, availability, and price, so you need to do some research and use apps or websites to find the best ones for you.

## EV Maintenance

One of the benefits of electric cars is that they require less maintenance than gasoline cars. Electric cars have fewer moving parts, and they do not need oil changes, spark plugs, or air filters. However, electric cars still need some regular maintenance, such as tire rotation, brake fluid replacement, and battery inspection. You also need to be aware of the battery degradation, which is the gradual loss of capacity and performance over time. The battery degradation depends on several factors, such as the age, usage, temperature, and charging habits of the car. The average battery degradation rate is around 2.3% per year, which means you may lose about 23% of your original range after 10 years. However, some models may have better or worse battery degradation rates, and some may offer warranties or guarantees to protect you from excessive battery loss.

## Do You Need Extra Space?

Electric cars are generally smaller and more compact than gasoline cars, which means they may have less space for passengers and cargo. However, some electric cars have clever designs that maximize the interior space, such as having a front trunk (or frunk) or a flat floor. You also need to consider the shape and size of the car, and how it fits your lifestyle and needs. For example, if you have a large family or need to haul a lot of stuff, you may want to look for an electric SUV or crossover, which offer more room and versatility. On the other hand, if you live in a crowded city or prefer a sporty drive, you may want to look for an electric hatchback or coupe, which offer more agility and efficiency.

## Should You Wait to Buy an Electric Car?

The electric car market is evolving rapidly, with new models, technologies, and features coming out every year. This may make you wonder if you should wait for the next big thing, or buy an electric car now. The answer depends on your personal situation and preference. If you are happy with your current car, and you are not in a hurry to switch, you may want to wait and see what the future holds. You may find a better deal, a better model, or a better incentive in the near future. However, if you are eager to join the electric car revolution, and you have found a model that meets your needs and budget, you may want to buy an electric car now. You will enjoy the benefits of lower fuel and maintenance costs, lower emissions, and a smoother and quieter ride. You will also help the environment and the industry by supporting the transition to cleaner and greener transportation.