Electric cars continue to drive their way into the mainstream. Your next car may be electric, but electric vehicle buying can be a difficult undertaking and involves factors you might not be used to, even if you’ve bought cars many times.
We want to help steer you away from any potential mistakes so you can make the right electric vehicle buying decision that works for you. In this article, we will guide you through the common mistakes that people make when buying an electric car and how to avoid them.
Here are the six most common mistakes that people make when buying an electric vehicle:
Electric Vehicle Buying: How to Avoid The 8 Common Mistakes When Buying An EV
Not considering their driving needs
The most common mistake when buying an EV is buying a vehicle that doesn’t fit your lifestyle and driving needs. Electric cars have a limited driving range, which means that you need to consider your driving needs before buying one. An EV might not be the best fit for everyone, especially if you have long daily commutes or need to take long road trips.
It’s important to consider your typical driving habits to determine if an EV would be a viable option for you. If you need to frequently drive long distances, it might be best to consider a hybrid or a vehicle with a longer range.
Not doing enough researching on EVs
One of the biggest mistakes that people make in electric vehicle buying is not researching the vehicle. Buying an EV requires a good amount of research. This includes researching the different types of EVs available, features and specifications, and their costs. Not doing enough research can lead to buying the wrong type of EV or paying too much for a vehicle that doesn’t meet your needs.
Electric cars are different than their gas or diesel counterparts. They have different ranges, charging times, and incentives. Before buying an EV, it is essential to understand what features are built in, how far it can go on a single charge, and its charging time. Moreover, to make the best choice, it is advisable to research the various electric vehicles available in the market, compare them, and see which one suits your needs best.
Overthinking the range
Another common mistake in electric vehicle buying that people make is not considering the range. The range is the distance that an electric car can travel on a single charge. Some electric cars can go over 500 kilometers on a single charge, while others can go as little as 150 kilometers. While EVs are improving in terms of their range, it’s important to remember that range can be affected by a variety of factors, including driving style, weather conditions, and terrain. Overestimating the range of an EV can lead to running out of battery power and getting stranded.
Overpaying for needless capability is the biggest mistake EV shoppers make. It is crucial to consider the range of the electric car you want to buy, depending on how far you plan to travel regularly. There is no need to spend thousands more for an EV with a slightly longer range when you seldom use that range. On the other hand, if you have a long commute, you do not want to find yourself stranded on the side of the road because your vehicle cannot cover the distance you intended.
We are aware that in exceptionally cold temperatures, EV range can be reduced by up to 25%. As a result, there is a general perception in Canada that EVs aren’t made for cold climates and might not make it through the harsh Canadian winters.
Although some electric vehicles struggle to charge quickly and maintain a charge for as long in cold climates, the majority of EVs offered in Canada are built to withstand these conditions. Additionally, it is likely that things will continue to improve in the future with the advance of technology. While the majority of manufacturers remain in the process of building the first generation of electric vehicles, many of the issues with early EVs have been resolved by engineers with practice. Improving battery insulation seems not to be difficult to accomplish.
Ignoring the charging infrastructure
The charging infrastructure is also an essential aspect to consider when purchasing an electric vehicle. To make owning an electric car seamless, you’ll need regular access to chargers. Despite the increase in charging infrastructure, it is vital to know what charging options are available in your area. Are there enough charging points where you live or work? Do you have charging points along your regular routes? These are critical questions to ask before purchasing an electric car.
If you live in an area with few charging stations, you may have difficulty finding a place to charge your car when you’re away from home. It’s possible to charge an EV from an ordinary household outlet. But the charging times you see advertised generally assume you plug in with a Level 2 charger, which is wired into a 240-volt outlet like an electric clothes dryer.
Additionally, improper charging is a common mistake that people make when operating an electric car. Charging an electric vehicle correctly is crucial for optimum performance and longevity. Using a level 2 charging station is the best option, as it can recharge your battery in as little as two hours. Level 1 charging, which uses a standard AC outlet, can take up to 24 hours to charge your vehicle.
Not considering the cost of charging
Another common mistake people make in electric vehicle buying is not calculating the total cost of ownership correctly. This includes the purchase price of the vehicle, the cost of charging and maintenance, and any incentives or tax credits that may be available. It’s important to factor in all of these costs to determine if an EV is a financially viable option.
While charging an electric car is cheaper than filling up a gas tank, you still need to consider the cost of charging. You may need to install a charging station at home or pay for public charging, which can add to the cost of ownership.
Additionally, many EV owners do not factor in the initial cost of installing a home charging station. This can lead to inconvenience and added expenses, such as having to use public charging stations, which can be costly and time-consuming.
Not checking incentives
Checking incentives is another mistake that people make when buying an electric car. Federal and provincial governments in Canada offer incentives to encourage the purchase of electric vehicles as well as the installation of home chargers. Such incentives may include tax credits and rebates, depending on where you live.
It’s essential to do research and know what incentives are available in your area before buying an EV. Since this can help to reduce your purchase cost and give you a better idea of your budget when buying an EV.
Not considering the resale value of the vehicle
EVs are still a relatively new technology, and their resale value can be affected by factors such as battery degradation and the introduction of new technologies. Like buying any vehicle, it’s important to consider the resale value of an EV.
Electric cars generally don’t hold their value very well and tend to depreciate faster than their gas-powered. While owning an electric vehicle certainly has its pluses, the resale value of EVs is certainly something to consider. If your goal is to upgrade after a few years, then an EV might not be right for you.
Despite the fact that most electric cars sold in North America underperform in resale values, some models do hold their value the best. For example, the Chevrolet Bolt and the Tesla Model 3 remain popular picks for those looking to buy a new electric vehicle. Owners can have confidence that they will be able to get their money back out of it later down the line.
Buying an EV is an excellent way to reduce your carbon footprint, save money on gas, and contribute to a more eco-friendly world. However, buying an EV requires careful consideration and research to ensure that you are getting a vehicle that meets your needs and expectations. By avoiding these common mistakes in electric vehicle buying , you can make an informed purchase decision and enjoy the benefits of owning an EV.
As always, Carnex can provide you with detailed information about buying and owning electric vehicles in Canada.
Carnex is the top online EV expert in Canada for buying and selling electric vehicles.
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