The appeal of electric vehicles is easy to see. They cost less to fuel than traditional gasoline vehicles. They don’t require as many routine maintenance trips to the service center. And their very nature protects them against obsolescence, meaning they’ll retain their value for longer. According to Consumer Reports, the lifetime cost of ownership for an EV like the upcoming Buick Wildcat EV costs 31 percent less. So why isn’t everyone buying an EV?
If you have a few uncertainties about making the switch to an electric vehicle, you’re not alone. Most people have misconceptions and concerns about making the leap. Today, we’re answering the most common questions about EV ownership to clarify misconceptions and alleviate some doubts.
If you’re among the many people who thought all EVs were the adorably compact vehicles released in the late aughts or high-end models from expensive brands, you’ll be pleasantly surprised to learn that’s no longer the case. EV technology has come a long way, and most brands now have a diverse lineup of electric vehicles. Chevy’s lineup ranges from the Bolt EUV crossover SUV to the hugely powerful Silverado EV scheduled to hit the market in 2024.
Not as much as you think. The price range of electric vehicles is as diverse as the lineups, and you’ll find that most EV prices are on par with gasoline models in the same segment. For instance, the Bolt EV, a spacious hatchback loaded with tech, has a starting MSRP that’s less than gasoline-powered competitors like the Accord Hatchback.
When you purchase a new EV, you can say goodbye to oil changes, emissions testing, and exhaust system repairs. EVs have fewer moving parts, so they’re less likely to malfunction, and you can expect to spend less time in the repair shop. We already know that mile for mile, you’ll spend less time powering your electric model, especially if you charge during off-peak hours. When you’re ready to upgrade your vehicle years down the line, you’ll also find that electric vehicles maintain their value for longer, so you’ll get a better resale price.
Charging your EV is just as easy as filling up the tank of a gas-powered car, especially in Panama City, FL. Currently (November 2023), there are more than 60 charging stations in the city. In some ways, keeping your EV charged is even easier since you can install a Level 2 charger in your home and avoid venturing into public to “fuel up” altogether.
There are currently three charging methods available for EV owners. Charging at home with a 240-volt, 32-amp (Level 2) charger can take anywhere from 9 to 13 hours to fully charge a vehicle with a 200-mile+ range. So, home-charging is best done overnight or frequently to avoid fully depleting the battery. DC fast chargers can take as little as 30 minutes to charge your vehicle, from 20 to 80 percent. The exact length of time it will take for your electric vehicle to charge will depend on the make and model.
The range of an EV is different for every model, but most modern electric vehicles can travel for at least 200 miles before they need to be recharged. This is about half the range of a gasoline vehicle, which means taking a road trip will take a little more planning. If you’re a frequent traveler, get familiar with apps for finding available charging stations like PlugShare or ChargePoint.
Yes! Several federal and state tax credits, rebates, and incentives exist for purchasing an EV. In Florida, you may be eligible to take advantage of the $200 rebate for purchasing an EV. If you’re eligible, you’ll likely qualify for the $7,500 tax credit as well.
In Panama City, Florida, Bill Cramer Chevrolet is the premiere destination for purchasing an electric vehicle. Our inventory includes the full EV lineup of Chevrolet, Buick, and GMC, and our knowledgeable staff will help you find the model that matches your needs. Visit us today to find your EV.
