With continuous technology innovation, electric cars were developed. As gas prices continue to increase, you may think about purchasing an electric vehicle. However, electric cars can be costlier compared to gas-fueled cars. So, is it really practical to go electric? In this article, we will let you know how much an electric car costs.
The upfront cost of an electric car
The average cost of an electric car is $56, 437 which is $10,000 higher compared to the overall industry average of $46,329, which include EVs and gas. In fact, it can be equivalent to an entry-level luxury vehicle.
If you want to save time in charging and extend the battery life of your electric car, you can have an installation of Level 2 chargers. The total cost is about $2000. With this charger, you can charge your vehicle in less than 8 hours.
On the other hand, if you use a Level 1 charger, you can plug it into a standard 120-volt household electric outlet. However, it may take about 40 hours before your car becomes fully charged. It can be more affordable but less convenient.
Electrical cars can range from $30,000 to $40,000. However, some places may offer you discounts and incentives, making it more affordable.
Is owning an electrical car economical?
Electric cars can be costlier to buy compared to gas-powered cars. However, it can be cheaper to run than gas-powered vehicles. The average cost of charging an electric vehicle is about $300 to $400 yearly. Compared to a gas car which will cost you around $1,000 to $2,500 yearly, an electric car is more economical.
In addition, an electric car is also more affordable to service and maintain because of its fewer moving parts. It also doesn’t require oil changes and can help you with your car insurance.
How far can you drive an electric car before recharging?
You can drive an electric car for an average of 140 to 450 km on a single charge, but it depends on your driving habits and road conditions. An electric vehicle is ideal if you drive less than 80km per day.
If you have longer trips, an electrical car may not be the best choice. Thus, charging stations for your vehicle is hard to find. Additionally, charging stations are available in three standard charging levels. So, it can take from 10 minutes to 8 hours before your car is fully charged, depending on the charging station.
How much does it cost to charge an electrical car at home?
Charging your electrical car at home may increase your electric bill monthly. You should know the following to get an estimate.
Local cost per kWh
Number of miles driven monthly
The efficiency of the electric car in kilowatt-hour per mile
Does an electrical car eco-friendly?
You can purchase an electric car to protect the environment. It is eco-friendly since it comes with zero tailpipe emissions. However, electrical vehicles are not 100% emissions-free. The electric vehicle comes with lithium-based batteries and can take more energy to produce compared to gas-powered vehicles.
Meanwhile, studies reveal that plug-in hybrids and electric cars have less polluting emissions than gas-powered ones. Aside from saving money due to its low-cost maintenance, you can also help the environment if you use an electric car.
To sum it up, an electric car is an environment-friendly and alternative solution to reduce global pollution. An electric car can also help you save more money than gas-powered cars. The cost of an electric vehicle is about $30,000 to $40,000.
Electric cars come with more affordable fuel and maintenance costs. You can avail more affordable models if you receive discounts and incentives. Make sure to get the best electrical car that suits your budget and specific needs.