Electric vehicles were the hot car commodity for 2022. But many prospective buyers have questions and reservations. Here are some answers.
Electric vehicles, or EVs for short, were the hot car commodity for 2022. Their sales were up nearly 82% from 2021, and EVs now make up 5% of the total market, according to Edmunds data.
A ballpark average for today's EVs would be around 250 miles. Older EVs will have less range, roughly 100 to 200 miles, due to being first-generation technology and battery degradation. Like your smartphone's battery, an EV battery's performance will degrade over the years, albeit much slower. After 10 years, your EV's battery would have a charge of roughly 77%, according to vehicle data company Geotab.
There are now price limits on top of the final assembly requirements. Eligible SUVs, vans and pickup trucks will have a price cap of $80,000. Sedans and other vehicles will be capped at $55,000. Where and when are they available?Many EVs are available at your local dealership. However, there's been a shortage of new cars in recent years, and EVs have been hit the hardest due to their complexity. You might need to get on a waiting list or be prepared to pay a premium, as some zealous dealerships have saddled them with accessories or a flat markup.
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