Do I Buy or Should I Wait for Electric Cars?
The automotive industry is starting to embrace a future driven by electricity. They’ve diverted billions of dollars in research and development to build and sell the thousands of electric vehicles (EVs) that are either on American roads or will be soon.
Is 2021 the year you purchase an electric vehicle? Should you hold off? Or not think about it at all?
The electric vehicle industry in the United States is still in its infancy. Electric cars accounted for less than 2% of light vehicles sold in the United States in 2019, according to the US Department of Energy. When it comes to EV adoption, the United States lags well behind China and Europe.
Even so, as more models enter the market, the number of electric vehicle sales continues to increase. The market has matured to the point that options range from small cars to SUVs, with pickup trucks on the way later this year.
“This is the best time yet,” says Jeff Allen, executive director of Forth, an electric vehicle advocacy group located in Portland, Oregon.
“You have a lot more choices now than you have in the past.”
We’ll look at the benefits and drawbacks of owning an electric car today in the following pages.
We’ll examine the market from the perspective of ordinary customers, rather than EV fans or early adopters who may be able to ignore obstacles to be the first on their block to own an electric vehicle.