Car Buying Mistakes

SHOPSMART AUTOS – CUSTOMER INFORMATION – SEPTEMBER 26, 2021 -1


Hidden Costs of Owning an Electric Car
You might have known about the technological innovations and marvelous benefits of EV’s for the owners and the environment. Today you will learn another aspect of owning an Electric Car and that is the HIDDEN COSTS involved. The cost has been a very important factor while choosing a car. With so many filters to narrow down our searches now, we have another variable added to the list that is the type of fuel the vehicle runs on. The cost of owning, running and maintaining a car as a whole contribute to this factor. This has been a debate as to learn if the electric cars are too expensive upfront, but this does not seem so true when seeing the introduction and acceptance of many EVs to the market. Hidden Costs of Owning an Electric Car The past decade has proven how cost-effective these EV’s are as the numbers have risen dramatically. To add to the easy and effectiveness of owning and running an EV, a Home Charging Station can be installed recharging the car at the convenience of being at home at a very less rate being the cherry on the cake, and the total benefits don’t just end here. Looking past the environmental benefits, covering miles on an EV cost just a percentage of what the gas-powered vehicles do. Electric Cars vs Gas Cars Cost Let us compare Electric Cars vs. Gas Cars on cost basis: The sale price – Advertisement – Whether it’s a brand new car or a used one, an electric car, or a fossil fuel-powered one, we are very much bent on the cost being the deciding factor. The price of a vehicle can depend on the location, brand of the car and its category. For instance, a four-door sedan, powered by gasoline the cost is about $35,000. Let’s say that the payment is made in cash without any financing, attracting hefty taxes attached to it. Whereas, the $55,000 is the average cost of an electric vehicle for high-end electric vehicles like the Model S and Model X. Surprisingly, EV’s like Kia Soul, Nissan Leaf, and Chevy Bolt that cost below $35,000, defeat national average transaction price of gas-powered cars. There is a whole lot of misinformation in regards to the initial and total costs of purchasing, running, and maintaining an electric vehicle today. EV’s are getting more affordable and cost-effective year over year. To be trusted one valid reason for misunderstandings about EV pricing is the type of EV’s available. Remembering back in 2008, when Tesla introduced a sports car as its fir daily driver’s car, the Roadster thus associating cementing the image of the brand as a luxury lifestyle brand. Since then, Tesla has hiked up the production volumes, introduced more premium models, including Model 3, while setting up the brand globally allowing the costs to go down. Moreover, we are always comparing gas-powered cars and battery-electric cars. But to understand this better we have to understand how electric cars are being classified amongst themselves. Distinctively, there are three categories of Electric Vehicles relating to the lifetime ownership costs, different fueling figures, and maintenance costs across these categories.

  1. Battery-Electric Vehicles
BEV specifically refers to any car that is exclusively powered by electricity only that is stored in batteries. Some examples of BEV’s include:
  • BMW i3
  • Chevy Bolt
  • Chevy Spark
  • Nissan LEAF
  • Honda Clarity
  • Ford Focus Electric
  • Tesla Model 3
  • Tesla Model S
  • Tesla Model X
  • Volkswagen e-Golf
  • Hyundai Kona EV
  • Hyundai Ioniq EV
  • Kia Soul EV
  • Mitsubishi i-MiEV

  1. Plug-in Hybrid Electric Vehicles (PHEVs)
PHEVs are abundantly seen on road. PHEVs and BEVs are equipped with regenerative braking, recapturing the energy when braking or decelerating, to charge the battery. This energy would otherwise be wasted in a traditional gas-powered car.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trackback from your site.

Leave a comment

Save my name, email, and website in this browser for the next time I comment.

Shop Smart Autos is not responsible for any errors in price or vehicle information provided to us from our dealer partners. We take every precaution to ensure the information is accurate and correct. Any questions please contact the dealer.