EVs 101: Is an Electric Vehicle Right for You?

A car or truck run by batteries doesn’t emit greenhouse gasses. That’s a fact. But it’s not the whole story. Owning and operating an electric vehicle isn’t as simple as it seems. Like most choices, it comes with trade-offs.  Here’s a look at some of the most significant ones you should consider before taking the plunge.

+ They Don’t Emit Pollutants

But: They’re not environmentally perfect. The electricity used to charge them comes from generators that are still largely run by gas or coal-fueled utilities. And their batteries use components like lithium that are scarce, expensive to mine, and hard to dispose of cleanly.

EVs may cut down on pollutants (a benefit), but they’re not environmentally spotless.

+ Rebates and Incentives Lower Prices

But: Even with those incentives, which are not permanent, EVs are still expensive, costing a lot more than similarly-size internal combustion vehicles.

+ They Save on Fuel Costs

But: That can be a lot less than you think, depending on where and when you charge them. Commercial fast-charging stations can be as nearly as expensive as gas stations. They’re expensive to build and operate and are typically used at times when electric rates are highest. And even fast-chargers take more time than a typical gas fill-up, sometimes a LOT longer.

The best way to save on charging costs is to install a Level 2 home charging station that let’s you buy your electricity when it’s most convenient and rates are lowest. Unfortunately, that may only be an option for single-family homes. Apartments and other multi-family dwellings may have few, if any, charging options for residents.

+ Charging Locations Are Rapidly Growing

But: They can still be scarce, especially in rural areas, so you need to plan road trips carefully. Apps are available to smooth out the process, but you’ll still probably have to make more stops than you would with an internal combustion vehicle. And you’ll be paying retail (high) charging prices.

+ EVs Require Less Maintenance

But: When they do, it can be expensive. Most independent garages don’t work on EVs, forcing you to use pricier dealer shops. And parts, even tires, can be costly, too. Plus, those batteries need to be replaced eventually, and that’s expensive.

Bottom Line

Electric vehicles offer some attractive features and benefits for many drivers, but not all. Careful research and shopping will help you make the decision that’s right for you.

One of the best things you can do to make owning an EV a good investment is installing a Level 2 home charger.

Allstar Electrical Services has installed dozens of EV charging stations in homes, parking garages, and at businesses with multiple EV fleets. We’ve helped Coloradans increase efficiency while adding comfort and convenience to their homes and businesses for over 20 years.

For an estimate on installing a home EV charger or to learn more about the many ways upgraded electric services and emerging technologies can improve your home or business, schedule an appointment our website or give us a call at 303.399.7420.