Electric vehicles are gaining more popularity each year as an eco-friendly transportation option. In 2024, over 60 million electric cars are expected to be on the road worldwide. Both fully electric and plug-in hybrid models offer similar fuel efficiency and very low emissions. It is really important to understand this latest tech before jumping on the boat.
With a growing public charging network and battery ranges now exceeding 3000 miles, electric cars are a practical choice for most drivers. This guide will explore important factors to consider for anyone interested in purchasing an EV in the near future. Do read the post till the end to see what really matters when you want to own an EV of your own.
Things To Consider While Buying An Electric Vehicle In 2024
Don’t just put anything in your shopping cart, as selecting an EV is not everyone’s cup of tea. From the type of vehicle satisfying your need to charging station availability and, of course, the pricing, each factor is important to focus on.
Every electric vehicle manufacturer and dealer has high selling points, but focusing more on your needs is important here. Below, we have listed quite a few important things that, as an EV owner, one should definitely know about.
1. Types of Electric Vehicles
There are five main types of electric vehicles: all-electric (BEV), plug-in hybrid (PHEV), hybrid electric (HEV), hydrogen-powered fuel cells (FCEV), and mild-hybrid vehicles (MHEV).
- BEVs like the Chevrolet Bolt run solely on battery power and have no gasoline engine.
- PHEVs such as the Mitsubishi Outlander PHEV can drive up to 25 miles electrically before the gas engine activates.
- HEVs including the Toyota RAV4 Hybrid employ small batteries and gas to boost efficiency but can’t be plugged in.
Around 85% of new EVs sold globally in 2023 were BEVs. PHEVs made up 10% with the rest HEVs. Another thing to note here is the popularity of MHEV, these vehicles actually save up to 30% fuel with its powerful and efficient power distribution system. It uses an electric motor, a battery pack and a regenerative braking system to reduce the fuel consumption.
2. The Range of the Vehicles
Manufacturers quote EPA estimated ranges, but actual values vary with driving style and conditions. Most new EVs offer 250+ miles on a full charge while luxury models achieve over 300 miles. Lower range affordable options start at 100 miles.
Heating and air conditioning usage along with fast highway speeds can decrease expected distances by up to 40%. However, many drivers report experiencing ranges within 10% of EPA figures through careful eco-driving habits.
Software updates often provide a modest boost over the vehicle’s lifetime too.
3. Charging Station Locations
Both home and public charging are important to consider for EV compatibility with daily needs. With a Level 2 plug, vehicles charge fully in 6-10 hours at home. The Consumer Affairs website reports over 64,187 public stations nationwide as of late 2023, a 43.7% increase year-over-year (2018-2023).
Level 3 fast chargers replenish 80% battery in 30 minutes but aren’t available everywhere. PlugShare and other maps help locate charging along planned routes to reduce range anxiety. You can either use third-party services to find charging stations or use the AFDC website of the U.S. Department of Energy’s Vehicle Technologies Office to locate one near you.
4. Buying/Maintenance Cost
The purchase price remains the biggest hurdle for EVs, with many premium models in the $50,000 range even after $7,500 tax credits. However, fuel and maintenance savings of $500-$1,000 annually compared to gas vehicles helps offset this. With no oil changes, tune-ups are rare until around 100,000 miles.
Brakes and tires last much longer too since regenerative braking is used heavily. Battery replacement, when needed after 8-10 years, costs $5,000-$15,000 depending on the chemistry and capacity. But many automakers now offer long, high-mileage warranties on batteries.
5. Safety Guidelines
All automakers design EVs to meet stringent crash safety standards. However, high voltage aspects require special care during accidents and repairs. First responders are trained nationwide on properly disabling high-voltage systems when needed.
At home, avoid attempting battery repairs and never try jumping the 12-volt auxiliary battery without disconnecting the high-voltage battery as severe shock can occur. Overall, stringent manufacturing guidelines have made EVs as safe or safer than gas cars in most metrics.
Final Words
With automakers committing over $500-$1500 billion globally to electric vehicle development by 2030, this sector continues to rapidly evolve and improve. As battery energy density increases an estimated 8% annually, ranges will only get better while prices become more affordable over time.
While gas prices fluctuate unpredictably, charging an electric car with solar or timed overnight rates ensures low “fuel” costs for many years ahead. For those able to install a home charger, the savings and benefits of driving electric are very compelling.
As the option for more drivers, test driving an EV is highly recommended to experience the acceleration and virtually silent ride that’s redefining transportation today. So, get yourself educated on the EVs, grab your hands on the shopping carts and join the journey for a greener world.
