9 mistakes to avoid when buying an electric vehicle
Of late, there has been a rapid increase in the popularity of electric vehicles. This is largely due to their promise to reduce fuel costs and carbon emissions. However, just like with any new technology, some important factors must be considered to ensure a comfortable and efficient driving experience. To find the most suitable electric vehicle for one’s needs, customers must avoid making these nine common mistakes: 1. Overlooking savings via tax credits A new car can be a major investment. Luckily, with electric cars, there is more room for savings in the form of tax credits. Buyers can save up to $7,500 in clean vehicle tax credits. This is a dollar-for-dollar reduction on one’s total tax owed, thus significantly bringing down one’s tax liability. However, it is essential to note that this credit only applies to the first couple thousand EVs sold by the manufacturer or dealer. Check these details thoroughly before finalizing the purchase. In addition to federal tax credits, several state governments offer savings programs and incentives for EV purchases. For instance, one state offers $2,500 toward the purchase of an EV and $1,250 toward a lease, while another state’s Drive Clean Rebate Program offers $2000 for EVs under $60,000.
