Why You Should Wait to Buy an Electric Vehicle

Much like other products and services that have recently been launched, there are downsides to being an early adopter of EVs.

From technology arguably still in the beta phase to high initial costs of ownership, here are the best reasons to wait to buy an electric vehicle.

Our National Charging Infrastructure is Still Incomplete

While the average top-off at the gas pump is estimated to take less than 5 minutes, charging up an EV to its maximum battery capacity can take hours.

Whereas visiting a full gas station with a line of cars waiting their turn seems tedious, it pales in comparison to the EV equivalent: if you need to charge your battery and every charging port in the station is in use, you’re out of luck.

It’s a Leap of Faith

Automobiles as we know them have been around for nearly 150 years, dating back to the Benz Model 1, the first gasoline-engine-powered vehicle ever produced. The technology behind these vehicles is established and perfect.

On the other hand, buying an electric vehicle now can be regarded as a leap of faith into the unknown.

EV Repairs Are Costly

The U.S. Department of Energy reports that EVs generally are comprised of 15,000 components, half the amount found in gas-powered vehicles.

But according to analytics firm WePredict, the average repair cost for an EV is $306, compared to $189 for a gas-powered vehicle. Much of this is due to more expensive components, and technicians must service EVs at dedicated repair shops approved by their manufacturer.

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