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Should I buy an electric car?
I keep hearing about how electric cars will take over the streets in the next 10 years. Is it the right time to buy an electric car or should I wait for the technology to improve?
Andrew Koole · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Ooh, good question. Electric cars have come a long way since they first came on the scene a decade ago, but the transition from gas power to plug-in can still be a little bumpy. Whether or not you should buy an electric car comes down to personal preference and circumstances.
There are a lot of potential advantages to buying an EV, both for the environment and your finances. Before making a final decision, think about the following factors:
- Your budget. How much money do you have to spend on your new car? EVs tend to be more expensive than vehicles with internal-combustion engines (ICE).
- Your driving habits. If you just need something to jaunt around town in, less expensive EVs with shorter ranges will probably suffice. If you’re planning to use your electric car for extended road trips, you’ll have to look into more expensive models likeRivians, Teslas, and Polestars.
- Your living arrangements. One aspect of EV infrastructure that still needs work is the country’s public charging network. If you own or rent an apartment, you’ll want to look into whether you have access to a charging station before buying your EV. Whether you choose an EV or not, you can save on the cost of owning your new car by shopping forcar insurancewithJerry. Jerry gathers personalized insurance quotes from over 50 top providers, like Nationwide and Travelers, in seconds for free. The average Jerry user saves $879 a year.
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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