Electric cars or electric vehicles (EVs) used to be a far-flung idea for most people in the U.S. We always thought that gas-guzzling vehicles would be the only form of transportation that would be available to travel by. It wasn’t until 1996 that General Motors released EV1, the first mass-produced, purpose-built electric car. From that point on, electric vehicles have continued to pop up across the world.
2020 has continued to bring quality electric vehicles to car buyers. These vehicles help the environment, cut down on gas usage, and are affordable. Below we’ll focus on why you should look at investing in 2020’s affordable electric cars.
Electric vehicles are stylish.
OK, this might be the most superficial reason, but consider this argument. When people are driving, they want their new car to look good as they’re driving down the street mid-afternoon on a sunny Wednesday. When electric vehicles were first released, the look of such automobiles left a lot to be desired. They were seen as being small and boxy, not really enjoying the perks of varied design options.
However, those days are gone. Every car manufacturer seems to be trying to one-up the other in the electric car looks department. Cars can range in style and look, including such standout and affordable 2020 models as the Chevrolet Bolt EV, the Honda Clarity Electric, the Hyundai Ioniq Electric, the Jaguar I-Pace, the Mini Cooper SE, Porsche Taycan, and the Tesla Model Y. We all want our cars to look good, whether it’s for driving down the street on a Wednesday, or any other day. More EV design options allow for this to occur.
The number of charging stations has increased.
One of the common frustrations with electric car purchasers has been that they can’t find enough charging stations. This is changing. Business entities like automakers, utilities, hotel chains, businesses, municipalities, and government agencies are making it a point to introduce more charging stations to the market.
According to the Alternative Fueling Station Locator, these publicly accessible charging stations reached nearly 22,000 in 2019, offering about 55,000 outlets for electric car users in the United States. For those people who have been on the fence about buying an affordable electric car due to the lack of charging stations, this is music to their ears.
Used electric vehicles are cheap.
Electric vehicles tend to be cheaper when it comes to their resale value. These used technological marvels can be bought for a lower price than many gas-guzzling vehicles. A used electric vehicle might make for a cheaper second or third automobile addition to a household. They might be able to be used to run errands or to get back and forth to public transit which might take you to work.
Electrical cars might also be a good, low-cost vehicle to purchase for a first-time teen driver. The cost of a first-time driver vehicle is something that should be taken into consideration as you look for comprehensive car insurance with an insurance company. The things you’ll have to consider with a first-time driver is if you will need collision insurance? Will the driver require a higher deductible? What exclusions come with a new auto insurance policy for a teen driver? Will you need comprehensive auto insurance or even liability insurance? Does a comprehensive claim work differently for an electric vehicle than it does for a regular automobile?
In most cases, the costs associated with car insurance for a driver with no experience are often going to be higher. It’s a good idea to have an insurance company walk you through what those increased costs might be, to ensure that you’ll have some peace of mind about the insurance being purchased.
Why not try to save as much money as possible with the costs associated with a first-time driver? Saving money with an EV can help to balance out whatever the cost of the car insurance policy might be. At the end of the day, you’ll only have a certain amount of money to invest in a new automobile.
Electric vehicles are easy to find.
There was a time where electric vehicles weren’t as mass-produced as they are now. Your options with finding such vehicles were smaller, and sometimes you couldn’t locate them at your local dealership. This has changed over the years.
As the popularity of these vehicles increased, more car dealerships have a wide selection of electric cars available. You can also find EVs at your local area’s auto auction. You can even locate the value of such vehicles in the Kelley Blue Book to see the car worth or the value of your car. You don’t have to be relegated to just one car sales location for choosing an electric car in 2020.
To read more on topics like this, check out the Budget category