Electric cars: leasing, buying used and charging at home
Electric cars cost less to run than gas cars for most drivers, but the purchase decisions are different.
Leasing vs buying
EV technology and prices change quickly, so many drivers lease to avoid uncertainty about resale values. Compare the total lease cost, mileage allowance, and charges at the end of the lease.
Buying a used EV
The battery is the most valuable component. Ask for a battery health report, check how much of the original warranty remains, and confirm the car’s real-world range matches your daily driving.
Electric SUVs
Larger EVs use more energy per mile, so range varies more than for smaller cars. Check range in cold weather if you live somewhere with harsh winters.
Home charging
A Level 2 charger on a dedicated 240-volt circuit charges much faster than a standard outlet. Installation cost depends on your electrical panel and the distance to where you park. Get a licensed electrician to assess your panel first.
Incentives
Federal, state and utility incentives for EVs and chargers change often. Check official government and utility sites for what applies when you buy.