Are you considering purchasing an electric vehicle (EV) but unsure if now is the right time? With advancements in technology and increasing competition, electric vehicles are looking more and more attractive to the average consumer. If you’ve had the itch to swap to a more sustainable form of transportation, read this blog to learn about the five main reasons we think 2023 is the perfect time to commit.
Buy an EV in 2023
Improved Battery Life and Charging Speed
In the past, those who wished to buy an EV have historically had range anxiety, the fear of running out of battery while on the road. However, recent battery technology advancements have increased the range of EVs, and some models can now travel more than 300 miles on a single charge. Data from the Bureau of Transportation Statistics found that the average person travels less than forty miles per day in their personal vehicle, and electric cars are already more than capable of taking care of most people’s daily commute needs.
Additionally, charging times have significantly decreased, and you can even install fast charging stations in your home to ensure you are always ready to take on the day. While filling up at a gas station will likely be faster for years to come, you can still benefit from future charging technology improvements if you purchase a vehicle now.
More Competition and Lower Prices
As more car manufacturers begin producing EVs, competition is increasing, and prices are lowering. In 2023, this competition started kicking into high gear, making EVs more accessible to the average consumer than ever before. In addition to increased variety in newer models, the used EV market is also growing, allowing you to purchase a high-quality vehicle at a lower price if you find the right deal.
More Public Charging
The explosion of EV adoption has led to a similar explosion in public charging stations that you can use at little to no cost. You might have charging stations at your workplace or apartment complex without even knowing. When you take into account the faster charging speeds and increased range of batteries, there is almost no reason to fear ever getting stranded out on the road.
According to recent data, Sarasota is leading Florida in public charging stations, with over 100 stations free to use as of 2022.
Environmental and Health Benefits
While not a top priority for everyone, switching to an EV has significant benefits that can help you and your community. Of course, fully electric vehicles do not burn gasoline, which leads to fewer fossil fuels that contribute to global warming being used. However, a benefit that most do not think about is the significant reduction in harmful byproducts like carbon monoxide released from your car that directly cause injuries to your lungs and respiratory system over time. Manufacturers are continuing to find new ways to create raw materials for electric vehicles that put less strain on the environment, and 2023 is the best year so far for sustainability in the EV space.
Further Cost Savings for Florida Residents
Florida residents can enjoy significant cost savings by switching to an electric vehicle in addition to any lower prices that result from increased competition and a more active secondary market that we previously discussed. You can take advantage of federal tax credits to save thousands of dollars depending on the type of vehicle your purchase. Furthermore, your specific locality and electric provider may provide rebates for electric vehicle purchases, home charging, and excess electricity that solar power chargers create and sell for a profit.
For those ready to buy an EV, the best way to complement a new EV purchase is an energy-efficient home charger that keeps your vehicle ready to drive at a moment’s notice.
Promise Electric is a team of Sarasota electrical contractors certified to install your residential or commercial EV charging station. Contact us today to get started on your new journey of EV ownership.
