EV ownership pros and cons
Advantages of EV Ownership
There are certainly many benefits to driving an EV. As more and more manufacturers add electric vehicles into their fleets, there are also more EV choices than ever before. Deciding if an electric vehicle is right for you simply involves looking to see if the list of benefits outweigh the current disadvantages of EV ownership.
The environment. Since EVs produce zero emissions, they're better for the planet than vehicles that burn gasoline.Electricity is renewable. Unlike fossil fuels – of which a finite amount exists – electricity can be generated from numerous 100% renewable sources.
Less maintenance. With fewer moving parts and no oil to change, an EV requires considerably less maintenance than vehicles with an internal combustion engine. Plus, EVs are typically easier on brakes, too.
Smooth and quiet. EVs deliver power in a smooth, linear way, and run very quietly, especially when compared to gasoline and diesel engines.
Tax credits and HOV lane access. EV buyers are often pleasantly surprised to discover that electric vehicles are eligible for federal tax credits that lower their cost. In addition, many states allow EVs to use the carpool lane – even if you're driving alone.
Disadvantages of EV Ownership
EVs may not be for everyone. The technology is constantly improving, minimizing the disadvantages each year. However, for many drivers, overcoming some of the following hurdles can be difficult if not impossible based on where you live, or how you drive. If these negatives outweigh the positives for you, then it may be best to wait.
Shorter range than an internal combustion engine. Battery capacity and range is constantly improving among EVs, but it's still not on par with most gasoline-powered vehicles. In many cases, you'll get more miles to a tank than to a charge.
Smaller charging infrastructure. While you can find a gas station on nearly every street corner, it can sometimes be difficult to find a convenient charging station.
Charging time. Even fast-charging – when you can find a charging station that offers it – takes longer than filling a gas tank.
Expense. Electric vehicles are typically more expensive than their gasoline-powered counterparts, even taking into account possible tax credits. You may choose the additional expense to install a charger at home.
Fewer Choices. When it comes to EVs, there's simply fewer choices as to models. Even full-line manufacturers typically only offer one or two EV models at this time.