If you’re in the market for a vehicle – especially an electric vehicle – there’s both good news and bad news. The good news is that a new electric vehicle tax credit means your next tax return will include $7,500 off a new electric vehicle or $4,000 off a used electric vehicle. This credit can even be used to lower the price of the car. The bad news is that electric vehicles remain incredibly expensive for the average car buyer.
Find out: These 10 used cars will last longer than the average new vehicle
Learn more: How to get $340 a year in cash back on gas and other things you already buy
“Whereas purchasing an electric vehicle can now be particularly advantageous due to financial incentives such as tax credits and rebates offered in many regions, which significantly reduce the initial purchase price,” said Joe Giranda, Director of Sales and Marketing at CFR Classic. . “As electric vehicle technology evolves, costs associated with batteries and production are expected to increase due to growing demand for raw materials like lithium and cobalt, which are essential components of electric vehicle batteries. This could lead to higher prices in the coming years.
All of this means that while prices for electric vehicles may still be high, now may be the best time to buy one, as their cost could rise significantly over the next few years.
Here are seven electric cars to buy before they get more expensive:
7. Tesla Model 3
The Tesla Model 3 offers an impressive blend of innovation, performance and durability, in Giranda’s professional opinion. “Known for its sleek design and advanced Autopilot features, this model offers a range of up to 358 miles on a single charge (depending on variant),” Giranda said, adding that “Tesla’s extensive Supercharger network ensures also convenience for long distances. journey.”
“The Tesla Model 3 has undergone a sleek new look, offering a quieter cabin and an impressive estimated range of 341 miles,” said Joyce Gutierrez, automotive expert for 4WheelOnline.
Explore more: 7 electric vehicles and hybrid cars that will no longer qualify for a tax credit in 2024
Popping the hood of the Model 3, Guiterrez highlights how the electric vehicle “delivers exceptional efficiency, achieving an EPA rating of 113 MPGe for the Long Range version and 138 MPGe for the Performance variant.” This impressive fuel efficiency is complemented by Tesla’s Autopilot advanced semi-autonomous driving system, providing a safer and more convenient driving experience.
“The interior of the Model 3 stands out for its minimalist approach, with a large central touchscreen that controls most of the car’s functions, enhancing the driving experience with cutting-edge technology,” Giranda said.
6. Porsche Taycan
Carl Rodrigeuz, founder and owner of NX Auto Transport, called the Porsche Taycan “a high-performance electric vehicle with sports car-like handling and acceleration.”
“While its price may be higher than some other electric vehicles, the Taycan’s build quality, driving dynamics and brand cachet make it a compelling choice for enthusiasts,” Rodriguez noted.
“Buying a Taycan now could be a smart move as Porsche continues to expand its electric vehicle lineup and production capacity, which could lead to price increases in the future,” Rodriguez said.
5. Chevrolet Bolt EV
The Chevrolet Bolt EV stands out as an affordable option in the electric vehicle market without compromising quality, according to Giranda.
“It offers an EPA-estimated range of 259 miles on a full charge, which is excellent for daily commuting and moderate long-distance travel,” Giranda said. “The Bolt EV is compact but surprisingly roomy inside, making it a practical choice for city dwellers or small families.”
4. Rivien R1T
“The Rivian R1T is an all-electric pickup truck that offers impressive off-road capabilities and a rugged design,” Rodriguez said. Rivian’s 1T is designed for those who love adventure, as well as durability, so it should have sticker and curb appeal “for outdoor enthusiasts and environmentally conscious consumers.” »
“Purchasing an R1T now could provide a unique opportunity to be an early adopter of electric pickup technology before prices potentially increase as the electric truck market grows,” he said. Rodriguez said.
3. Ford Mustang Mach-E
For those who want the style and performance traditionally associated with the Mustang but with a modern twist, Giranda recommends the Ford Mustang Mach-E as “an intriguing option.”
“This all-electric SUV combines the aesthetics of a muscle car with the efficiency of an electric powertrain,” Giranda said. “The Mach-E offers various configurations that can deliver a range of up to 305 miles on a single charge. It also comes with Ford’s latest in-car technology and infotainment systems, including hands-free driving capabilities.
2. Lucid air
“The Lucid Air is a luxury electric sedan that offers exceptional range, performance and comfort,” described Rodriguez, who emphasized the car’s focus on luxury and innovation.
For Rodriguez, the Lucid Air “rivals high-end luxury sedans while offering the benefits of electric propulsion.”
“Buying a Lucid Air now could provide early access to cutting-edge electric vehicle technology and luxury features before prices rise as the brand gains market recognition,” he said. Rodriguez said.
1. Nissan Leaf
The Nissan LEAF is a pioneering all-electric vehicle in the electric vehicle market, delivering a sport utility vehicle powered by an electric drivetrain unlike anything the road has seen before.
“Drivers can choose between two available battery options: a 40 kWh battery that provides an EPA-estimated range of 149 miles or a more powerful 62 kWh battery that extends the range to 212 miles per charge,” a Gutierrez said. “The LEAF has zero tailpipe emissions and is an environmentally friendly option for commuting and road travel. It can be charged at home using a standard 240V outlet or on the go with the available 480V DC public fast charging capability which can provide up to 80% charge in 45 minutes.
“Drivers may also be eligible for a potential federal tax credit of up to $3,750 toward the purchase of a new Nissan LEAF, making it an even more attractive zero-emissions option,” Guiterrez said, which is good news for anyone worried about what the initial price will be. the cost of removing the Leaf from the field could amount to.
“Electric vehicles (EVs) are becoming more popular and mainstream every year,” Gutierrez summarized, stating that “…as demand continues to increase, prices of many EV models are expected to rise in the near future . If you’re in the market for an electric car, now might be the time to act before costs rise.
More from GOBankingRates
This article was originally published on GOBankingRates.com: 7 Electric Cars to Buy Right Now Before They Get More Expensive
yahoo
