4 Things I Wish I’d Known Before Buying an Electric Vehicle
My husband and I bought our first electric vehicle (EV) in November 2024. After our trusty Subaru finally gave out, and following some pricey repairs, we decided to make the switch. We considered our budget, researched affordable EVs, and weighed our needs. After a few test drives, we chose a 2024 Hyundai Ioniq 5 with all-wheel-drive, a midsize crossover perfect for our family of four. We got the loan, paid the down payment, and drove off the lot.
We still love the car, but there are some things I wish I’d known beforehand. If you’re considering an EV, here’s what you should know:
- The Price Tag Isn’t the Whole Story
When buying an EV, you need to factor in costs beyond the sticker price. Registration, insurance, and taxes all affect the final cost, and some of these can be higher than expected. Many states charge an additional electric vehicle registration fee for alternative-fuel vehicles. This helps states recoup some of the revenue they lose from gasoline taxes. According to data from the National Conference of State Legislators, 39 states have these special registration fees. Depending on where you live, you could pay an additional $50 to $250 or more. In Ohio, where I live, we had to pay an extra $200. These fees go toward state transportation funds for road maintenance, improvements, and infrastructure repair. Some states use part of the funds to improve public EV charger infrastructure.
- Home Charger Installation Can Be Costly
We knew we wanted a home charger, so I researched the approximate cost. What I didn’t consider was whether the charger could work with our current electrical panel. Home chargers range from $200 to $700, depending on the brand and model you choose. We chose the Emporia 48-amp charger, which cost $399. However, our electrical panel needed modifications to support the charger, like a load management device to make sure the electrical circuit wouldn’t get overloaded. The load management system added an additional $1,000, and the wiring and outlet installation cost about $1,600. With the cost of the charger, we paid around $2,000.
- Public Chargers Can Be Unpredictable
Before our home charger was installed, we relied on public chargers. It worked, but public chargers can be unreliable. I often used a charger at my local gym, which was convenient. But, there were only two chargers available. Public chargers are also prone to breaking. I once went out for dinner with a friend, planning to charge my car while we ate, and two out of the four chargers at the location were out of order. A friend recommended the PlugShare app which lists nearby chargers on a map and lets users leave reviews about reliability. It also indicates charger availability. I’ve found it very accurate. Also, be aware of EV charging etiquette. If a charger is in use, and your battery is above 80%, you might be asked to unplug and allow someone else to use the charger. While you can charge to 100% on a public fast charger, it’s considered good etiquette to stop at 80% to allow others to charge.
- Your Car’s Range Isn’t Always Its Actual Range
Hyundai estimates the Ioniq 5 with all-wheel-drive has a total range of 260 miles when fully charged. This is fairly accurate unless you’re running the heat or AC constantly. The first time we experienced extreme cold this winter, the car’s estimated range immediately dropped by about 10 miles. As I turned the heat up higher, the range dropped even more. Your speed impacts your range, too. If you’re planning a long-distance trip, plan charging stops sooner than you think you will need them. Finally, outside temperature can significantly affect EV range. Colder temperatures and hotter temperatures each require that the battery work harder.
Ultimately, buying an EV involves a lot of considerations, but the more you know, the better prepared you’ll be to make a confident decision.
