Tesla buyers will receive a $1,850 credit through the end of the year, and those choosing a Chevrolet Bolt EV will get that amount through March 31, 2020. With the exception of the Tesla models and the Chevrolet Bolt, new electric cars are still eligible for a $7,500 federal tax credit, which effectively cuts the price by that amount. Not all older EVs were equipped to take advantage of Level 3 charging. New models are also able to take advantage of DC Fast Charging which can bring a given electric car’s battery pack up to an 80 percent charge in as little as a half hour. That’s more than enough to negate any possible range anxiety for most drivers. Nine electric cars from the 2019 model year can run for more than 200 miles on a charge, with others on the way for 2020. Only a few years ago it was a big deal for an electric car to approach or even break the 100-mile barrier. A new model can be equipped as the owner prefers and generally offers all the latest features a dated one might lack.īuying a new electric car has extra value in that many of today’s battery-driven models can go farther on a charge than their predecessors. Everything about the car is in perfect working order, and without the wear and tear inflicted on it by a previous owner. Yet, taking possession of a brand new vehicle has an allure that, for many motorists, can greatly outweigh the added initial cost. If you have richer tastes, luxury EVs can go for $70,000 to $100,000. Most subcompact and compact models from mainstream brands are priced in the $30,000 range. Here’s a look at the pros and cons of buying a new electric car versus a used model: Choosing A New Electric Vehicleįor starters, buying a new electric car can be a costly proposition. It’s especially important with electric cars in that the technology is changing rapidly, particularly regarding the all-important operating range on a charge. One of the primary decisions to make when considering a vehicle of any type is whether to buy a new model or save some cash and instead buy a used one.
It all comes down to your expectations and budget.
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