PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How economical are electric cars?
I'm about to buy an EV, and I've begun making a mental pros and cons list. We all know that electric vehicles are good for the environment but how economical are electric cars?
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Let’s see if we can add to your pros and cons list. There are many opposing ideas on whether or not
electric cars
are economical, but they seem to save more than a regular car over the long run. First, consider the electric-drive motors. The overall energy conversion in an electric car is said to be nearly five times greater than a gas-fueled car.
Thanks to features like regenerative braking technology. This, like many other cool features in an EV, recovers energy that would otherwise be spent and redirects it back into the vehicle.
So electric cars save a lot of energy, but what about money? Some will say that because electric cars are cheaper to power and maintain, they’re cheaper to own and operate. Skeptics will say that the high upfront costs of EVs are far too expensive. So who’s right?
Cost associate Pros and Cons list:
Pros
- Fewer maintenance costs
- Electricity is renewable
- Lower environmental impact
- Available tax credits and incentives
Cons
- High initial cost
- Charging can take a long time
- Range inconsistency
- Weak charging infrastructure
It all depends on whether you want to lower your costs long-term or at the point of sale. Either way, there are options available to help you transition to an all-electric vehicle. Another great way to save money is to make sure you’re saving money on car insurance.
Jerry
can help you get the best and cheapest car insurance quotes fast. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies