New Electric Vehicles Means Less Pain at the Pump
Whether or not you are presently in the market for a new vehicle, inflating gas prices has us all thinking about electric vehicles. The future of EV is worth looking into, not only for the savings in fuel but also for the special comfort and ease electric cars provide. As more of us begin taking a closer look at electric vehicles, we are beginning to notice that though EV is a huge change from what we are used to, not all change is bad, even if it’s a little scary.
How much money do you really save at the pump? What if my car runs out of power and I get stranded in the middle of nowhere? Isn’t there a large tax especially for both hybrid and all-electric vehicles? These are the big concerns for those considering making the jump from gas to electric, from the past to the future.
These questions are legitimate, and finding the answers to them could be what it takes to solidify a response to the movement of driving electric. Is EV truly the future of driving? The average cost of an all-electric vehicle is anywhere from $40k to $50k, while the average cost of a compact car (as well as the modern crossover) lands somewhere in the $30,000 area.
So why pay more for an EV? The answer is because you will actually save money in the end—sounds crazy, right?
The Pain of Paying at the Pump
It’s true. And with gas prices the way they are and continue to trend, it’s true more than ever that you can save money by driving an electric vehicle. Consider this: look at any gas-to-electric calculator online or any annual report through 2021 and you will see that the average yearly fuel savings for EV drivers are anywhere from $1,000 to $2,000 a year. That adds up fast, and when you add the savings from not having to worry about engine parts and oil changes, etc. the money savings add up even faster.
Though we are behind as a country in establishing plug-in stations, we are getting there. For now, the number of stations varies throughout the country, but with massive demand for EVs—compounded with the current gas prices—expect to start seeing more and more plugging stations popping up in gas stations and along the road. In the meantime, alter your route a bit to adjust for plugging in.
Websites like pluginamerica.org can show exact locations of where you can plug in, and even big companies like Walmart and Target are adding charging stations. (Most Whole Foods grocery stores have a few stations as well.) Honestly, you can get just about anywhere even without stand-alone charging stations if you plan ahead.
The Dreaded EV Tax
Whenever you hear someone talking about the benefits of an electric vehicle there’s always that person, someone standing in the back yelling, “yeah but there’s a huge tax they put on all EVs, don’t forget about that…”
Yes, there is an annual EV tax that varies in cost state by state (here in North Carolina it’s a whopping $140) and after adding it into the mix, the cost/benefit ratio still heavily bends towards benefit with EVs—that’s monetary, not even mentioning the countless other benefits to driving electric.
Going from classic fuel to electric is a big move for anyone because it’s not only about driving, the voyage—what kind of car you have and what it says about you and all that. Moving to electric is a clear crossing of a line from one of, if not the, most quintessential events in American history: the invention of the automobile. This is a big change, and a difficult one for some, but events like the recent hikes in gas prices have pushed us to realize that though there are annual fees and it’s true we are playing catch-up with plug-in stations across the country, the overall cost and maintenance of an all-electric vehicle out-ways the alternative. Though it’s not necessarily here to completely take over the road, EV is the future of driving.
Name a car company, they are working on their own EV. As a company, you won’t survive without having at least one EV in the family. There is gossip of Buick bringing back the Electra—a full-sized, luxury sedan created in 1959 and continued until 1990—rebirthing it as an all-electric car.
And let’s not forget about the 2022 Hummer EV2. Its updated price is set at $86,000 (yes, you read that correctly). A bit pricy for the everyday driver, but the cost does account for destination charges and GM has big plans for unleashing additional trim levels—with lower price tags—in the future.
If you are interested in the electric Hummer you will have to wait since they have already sold out. That’s right, the 2022 Hummer truck sold out in just 10 minutes upon its presale. It’s not clear how many models have sold, or how long it will take for the next batch of models to be ready for sale, but one thing is clear: they’re a hit! Ordering is fun and easy on the Hummer website.