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Record high gas prices convinced drivers across the country to take a second look at going electric in 2023. After all, EVs cost more up front, but they pay you back over time with lower ownership costs and exactly zero trips to the gas station — right?
EVs certainly can make financial sense for some drivers, but there are a lot of hidden costs that industry marketing glosses over.
There is a push for every driver to switch to electric, while almost every automaker has invested billions of dollars into expanding their electric vehicle lineups with hopes that you will make the switch. Do the math and see what works best for you and your budget, and don’t be pressured into what may or may not work for you. A close inspection of the cost of an EV versus a standard car — the tax breaks, the maintenance, the fuel — may surprise you as to which is actually the better buy.
Be sure to watch this before buying an electric car. Maria Bartiroma / Fox Business and Lauren Fix discuss the real facts.
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0:00 15 Years to 'Make Up The cost' of Buying an #Electric #car
0:20 Disadvantages of electric cars
0:50 Hidden costs
1:10 Average car cost
1:21 Total cost of electric cars
2:00 15 years to make up the difference
2:35 charging stations
3:03 Fast charging
3:15 Tesla and Ford
4:00 Would you buy and electric car?
4:38 Used electric car
5:00 Pros and Cons
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