You can’t deny that electric cars are cool. Last month, an electric car broke the world record for the fastest 0-60 acceleration. A college student did it in less than one second—0.95 seconds.
Electricity is the way to go if you want to be behind the wheel of a powerful ride. But what if I’m looking for a reliable way to take my kids to the park and the grocery store? Are electric cars reliable and practical?
They will someday be, but right now may not be the best time to buy an electric vehicle.
According to data from Kelley Blue Book, 56% of Americans surveyed said they are still not interested in buying and driving an electric car. But why? What’s so bad about the move to all-electric transportation?
Here are eight reasons why.
In reality, electric cars are brand-new technology, and people are still worried about how they work. The fear of running out of battery power before reaching a charging station is real in many Americans.
And I get it. When I run out of gas, my husband can bring a gas tank to me. But what if I run out of charge? Can he bring me a tank of electricity? I know electric battery packs exist, so don’t come for me.
My point is that even though our range anxiety may not be entirely logical, electric cars are brand new, and this is something that people are naturally struggling with.
Public Charging Stations Suck
The Secretary of Energy said it herself, just in different words. The public charging station infrastructure in America still needs to be better. The Biden administration has agreed to spend over $500 billion on electric vehicle production, which will go to improving public charging stations. So maybe this problem will be remedied in the future, but that won’t be this week or probably even next year.
Electric Cars Cost a Lot
The average new electric car costs almost $67,000. That is a lot of money for the average American. Thankfully, there are a few more affordable options coming out in 2024 from Volvo and Kia, but the reality is that, for now, electric cars cost too much. As technology improves and production is made more efficient, we will surely see these prices drop, but for now, we poor folk will be sticking with gas-powered cars.
There Aren’t Many Electric Car Model Options
In March of 2023, only 40 electric models were available in the U.S. When you consider that 2.8 million cars were sold in 2022, 40 different options are basically nothing. Your options are even smaller if you need a pickup truck or an SUV.
This is another thing that will improve in the coming years, but right now, there are not a lot of options for consumers interested in electric cars to choose from. EVs may not be for you if you’re picky on size, style, feature packages, and price range.
Home Charging Expenses
It costs less to charge a car than to refill its gas tank. But you must also consider the cost of buying a home charger, which is usually around $1,000. Then, you also have to factor in the cost of professional installation, which is around $500 – $1,300.
There’s No Such Thing as a Used Electric Car
Have you seen very many listings for used electric cars? I haven’t. The reason is twofold.
First, EV technology is quickly going out of style as new technology and improvements are made every day. The original Tesla models only had 75-115 miles of range, making the original models as useful as an old iPhone 3.
The other reason is that just like iPhone batteries wear out and become useless, the same thing happens with electric cars. Instead of being able to replace an iPhone battery for $50, you’re looking at a bill of $4,000- $20,000 to replace the battery of an EV.
EVs Aren't That Great for the Environment
A lot of people are worried that, despite the headlines, electric cars are hurting the planet. Recently, data was brought forth about the tire pollution electric cars produce. Did you know EVs produce 20% more tire pollution than gas-powered cars? Tailpipe emissions are not the only factor in this equation to achieve a pollution-free earth.
Who Knows How To Work on Electric Car?
This is a big concern that will be remedied over time. As we become more and more familiar with the technology of electric cars, we will be more comfortable investing in all-electric transportation. Until then, Americans are understandably concerned about buying a car they don’t know how to work, fix, or maintain.
Some Don't Think EVs Are Powerful
While electric cars offer instant torque and smooth acceleration, not everyone knows that. Some may think they actually lack performance and power that is traditionally associated with gas cars. While this is not true, it just goes to show that the world has a lot to learn about electric cars.
Battery Degradation Concerns
Speaking of a lot to learn, electric car batteries have a ways to go before they will last a long time. The reality is that EVs haven't been around long enough to determine how reliable they will be in the long run.
And batteries are at the top of the list of concerns. Most batteries are designed to last 10-15 years, and then they'll need to be replaced. Replacement costs are cost an upwards of $20k, and some believe that you'd be better off buying a brand new car for that price.
Home Charging Limitations
If you live in a single family home, installing a home charger is a matter of a few thousand dollars. However, if you live in an apartment complex or duplex, you may not have the option to have a home charger. In that case, you'd have to rely on public charging stations or workplace charging options, which can be a pain to deal with.
Lack of Awareness and Education
Recent surveys have shown that one of the main reasons that Americans don't buy into electric cars is because they are not educated on how they work, how to maintain or how to repair them. This lack of awareness sometimes leads to concerns about safety, reliability, and environmental impact. As electric vehicles become more prevalent, the hope is that people will come to understand more about how they work.
There has been some concern about the impact that electric cars will have on the power grid, especially peak charging times. Some consumers may worry about the potential impact on electricity supply and reliability as more EVs hit the road. And it's an understandable concern that we'll just have to watch for in the future.