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Are Electric Cars Worth It?

Are Electric Cars Worth It?

With gas prices fluctuating, climate change accelerating, and new electric vehicles hitting the market, you may be wondering: should I go electric with my next car purchase? Is an EV really worth the higher sticker price and charging requirements compared to a traditional gas-powered vehicle?


This article examines the key pros and cons of electric cars to provide an in-depth look at whether an EV makes sense for you. We’ll explore factors like upfront costs, environmental benefits, driving range, charging considerations, maintenance, tax incentives, and more. By weighing all the variables, you’ll gain a comprehensive understanding of the value proposition EVs offer compared to conventional cars.


While no vehicle is one-size-fits-all, understanding the tradeoffs can help you determine if an electric car aligns with your driving needs and lifestyle. By the end, you’ll have the knowledge to decide if going electric is the right choice as your next set of wheels.



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Lower Operating Costs

One of the biggest advantages of electric vehicles is their lower operating costs compared to traditional gas-powered cars. Electricity is generally much cheaper per mile driven than gasoline. The exact cost savings depends on factors like your local electricity rates, but on average, fueling an EV is roughly half the cost of fueling a similar gas-powered vehicle. Many EV owners report average fuel costs of just $1 to $2 per 100 miles driven.

In addition to lower electricity costs, EVs require much less maintenance than gas vehicles. With far fewer moving parts and no engine or transmission, the maintenance costs are dramatically reduced. There is no need for oil changes, spark plug replacements, engine air filters, fuel injector cleaning, and other routine maintenance required by gas cars. Over the lifetime of the vehicle, these savings really add up.

Finally, there are often significant government incentives and rebates available for EV purchases, which help reduce the upfront cost. Federal tax credits up to $7,500 are available in the U.S., along with additional state and local incentives in many areas. The costs savings from lower electricity usage and reduced maintenance, combined with purchase incentives, can make EVs very affordable to own and operate over the long run.

 

Performance and Convenience

One of the biggest advantages of electric vehicles is their superior performance and convenience compared to gas-powered cars. EVs provide near instant torque, resulting in extremely fast acceleration. Just floor the accelerator pedal and an EV will surge ahead thanks to full torque being available from a standstill. This makes electric cars feel much quicker and more responsive in day-to-day driving compared to most gas vehicles. Passing slow traffic or merging onto a highway becomes effortless. Most EVs can accelerate from 0-60 mph in under 6 seconds, with some high-end models nearing supercar acceleration times under 3 seconds.

In addition to raw acceleration, EVs are convenient since they can be charged easily at home. Rather than having to drive to gas stations to fill up, EV owners simply plug their car in to a home charger overnight and wake up to a full “tank” every morning. For those on the go, public EV charging stations are becoming increasingly common as well. The convenience of home charging combined with the performance benefits make electric vehicles a pleasure to drive on a daily basis.

EVs also utilize advanced technology like regenerative braking to maximize efficiency. When decelerating, the electric motor turns into a generator and feeds energy back into the battery. This helps recapture energy normally lost as heat in a gas car’s brakes. Regenerative braking increases driving range while reducing wear on the brakes. Overall, the instant torque, home charging, and advanced technology give electric cars key advantages in performance and convenience over gas-powered alternatives.

 

Environmental Impact

One of the biggest advantages of electric vehicles is their positive environmental impact compared to gas-powered cars. EVs produce significantly fewer emissions that contribute to climate change and air pollution.

According to the EPA, EVs produce zero direct emissions from driving, while the average gasoline car emits about 4.6 metric tons of carbon dioxide per year. EVs can greatly reduce your personal carbon footprint from daily transportation.

Additionally, EVs allow the opportunity to be powered by renewable energy sources. Since they run on electricity rather than gas, you can charge your EV using solar, wind, or hydropower instead of relying on fossil fuels. This further reduces the emissions and environmental impact from driving an EV.

Widespread adoption of EVs is an important step in reducing dependence on oil and other fossil fuels. Gas-powered vehicles account for a major portion of oil consumption worldwide. Transitioning to EVs can help limit our need for extracting and burning oil.

So if you are concerned about the environment and want to reduce your carbon footprint, driving an electric vehicle can be a great way to make a difference. Their low emissions and ability to use renewable energy gives EVs a significant sustainability advantage over traditional cars.

 

Range and Charging Considerations

One of the biggest concerns for potential EV buyers is range anxiety – the fear that an electric vehicle’s battery will run out of charge before reaching your destination. This is especially true for long road trips, as the range of most affordable EVs tops out around 250-300 miles on a single charge. With sparse public charging infrastructure in many regions, it can be nerve-wracking trying to find a charger before your battery drains. Range anxiety is a valid concern that automakers are trying to address with each new EV model released.

The public charging infrastructure, while growing, is still inconsistent in many areas. Charging stations can be few and far between in rural locations, though more exist in urban centers. But even in cities, stations may be occupied or out of service. This spotty availability can make planning travel routes more difficult in an EV.

Finally, charging an electric vehicle takes significantly more time than filling up at a gas pump, which can be done in just a few minutes. Most EVs take a minimum of 30 minutes to charge up to 80% capacity on a fast DC fast charger. Charging at home with a Level 2 charger takes hours. So charging requires more advance planning and patience compared to gas vehicles. However, many EV owners find they can do most of their charging overnight while they sleep.

 

Higher Upfront Costs

One of the biggest cons associated with electric vehicles is their higher purchase price compared to similar gas-powered models. An EV can cost anywhere from $4,000 to $10,000+ more than a comparable internal combustion engine vehicle. This price premium is largely due to the high cost of EV batteries which make up a significant portion of the total vehicle cost. Lithium-ion battery packs are expensive to manufacture and their costs are passed onto consumers.

However, the higher upfront cost of EVs can be partially mitigated through government incentives and tax credits. At the federal level in Canada, buyers are eligible for rebates up to $5,000 for the purchase of new battery electric and plug-in hybrid electric vehicles. Some provincial governments also offer additional incentives on top of the federal rebate to further reduce EV costs for consumers in their jurisdictions. For example, Quebec offers up to $8,000 in provincial incentives. Local utilities may also offer rebates for purchasing an EV.

The total cost of ownership over time can also help offset the initial sticker shock, since you’ll save on fuel and maintenance expenses down the road. But the bottom line is that EVs still carry a significant price premium today compared to gas cars. Carefully weighing the long-term savings against the higher upfront investment is important for buyers to determine if an EV purchase makes sense financially.

 

Battery Life and Replacement

One key consideration with electric vehicles is battery life and replacement costs. Lithium-ion batteries degrade over time and use. The rate of degradation depends on factors like battery chemistry, usage patterns, and climate. In general, EV batteries are usually warranted to retain 70-80% of their original capacity over the warranty period, which is typically 8 years or 100,000-150,000 miles.

Once an EV battery falls below 70-80% capacity, it’s considered degraded and replacement should be considered. The cost of a full battery replacement is quite high, often $5,000-$15,000 depending on the vehicle. Some automakers like Nissan and BMW offer battery refurbishment or remanufacturing services to restore degraded batteries to like-new performance at a lower cost. However, out of warranty battery work can still run $3,000-$10,000 which is a significant expense.

Battery replacement is rarely needed within the warranty period if the EV is charged properly. But the eventual replacement cost is a factor to consider when weighing the long term ownership costs of an electric vehicle versus a gas vehicle which doesn’t have a large battery pack. Proper care and maintenance is important to maximize EV battery life and delay costly replacements.

 

Resale Value Uncertainty

One potential downside of electric vehicles is the uncertainty around their future resale value. As a relatively new technology, electric cars do not have the extensive resale data that gasoline-powered vehicles do. This makes predicting their depreciation curve more difficult.

Some analysts worry that electric vehicles may depreciate faster than traditional internal combustion engine vehicles. There are a few reasons why this could occur:

 

  • Rapidly evolving technology – Newer EVs with longer ranges or other improvements may make older EVs less desirable.
  • Battery degradation – EV batteries slowly lose capacity over time. Lower range could hurt resale value.
  • Changes in government incentives – Removal of purchase incentives could lower resale prices.

 

However, some data suggests EVs may hold their value better than expected. For example, Tesla’s Model 3 has so far had strong resale values. More time is needed to definitively determine the resale value curve for electric cars as a category.

Overall, the uncertainty around electric vehicle resale value makes buying a new EV a bit riskier. Leasing an electric car can be a good option to mitigate concerns around depreciation. Buying a used EV can also reduce the resale risk. As the EV market matures, their residual values should become easier to predict.

 

Government Regulations

Government regulations are increasingly favoring electric vehicles over gas powered cars. The most notable example is California, which passed a law in 2022 banning the sale of new gas powered vehicles by 2035. This will force automakers to transition to selling only zero emissions vehicles in the huge California car market. Other states like New York and Massachusetts are considering similar bans on new gas car sales by 2035.

At the city level, many municipalities are adding incentives to encourage EV adoption. For example, New York City exempts EVs from the city’s 8% sales tax. Some cities like Los Angeles and San Francisco allow EVs to use high-occupancy vehicle lanes, even with just a single occupant. Free public charging stations are becoming more widely available in cities as well.

As more governments promote policies to reach goals around reducing greenhouse gas emissions, EVs will likely continue to receive preferential treatment compared to gas powered cars. People buying electric vehicles today can expect regulations to become increasingly favorable for EVs in the future.

 

Charging Infrastructure Growth

One of the biggest factors that will determine the mainstream adoption of electric vehicles is the expansion and improvement of charging infrastructure. As more EVs hit the roads, there is a growing need for more public charging stations to alleviate range anxiety. Major investments are being made to build out a robust public charging network.

The Biden administration has made expanding EV infrastructure a priority, setting aside $7.5 billion to build out a national network of 500,000 chargers across the country. States like California and New York have also committed billions to improve charging availability. Major corporations such as GM, Ford, and Volkswagen are collaborating to triple the number of DC fast chargers by 2025.

Charging options are also improving for those without access to home charging. More workplaces are installing chargers for employees. Apartment buildings and condos are starting to offer charging for residents. Retailers like Target and IKEA are placing chargers in their parking lots. Hotels, restaurants, malls, and other businesses see charging availability as an additional amenity to offer customers.

While the charging infrastructure still has room for improvement, increased investment and focus on expanding options for the public will help enable more consumers to make the switch to EVs.

 

Evolving EV Technology

Electric vehicle technology is rapidly evolving with improvements in battery technology and charging capabilities. Lithium-ion batteries continue to become more energy dense, allowing EVs to travel farther on a single charge. The driving range of affordable EVs has increased dramatically in just the past few years. For example, the 2022 Nissan Leaf has a range of up to 149 miles per charge, a huge improvement from the 73 mile range of the 2011 model. Many new EVs today can travel well over 200 miles before needing to be recharged.

Faster charging times are also making EVs more practical and convenient. Newer DC fast charging stations can add 60-80 miles of range in just 10-15 minutes. Some next generation EVs coming to market will be capable of adding up to 200 miles of range in under 20 minutes. Home and public charging stations are becoming faster as well. Improvements in battery chemistry allow the batteries to charge quicker without degrading the lifespan as rapidly as older battery technologies.

As battery costs continue to decrease and charging networks expand, the driving range and convenience of EVs will only get better. Within this decade, most affordable EVs should be able to reliably travel 300+ miles per charge, with ultra-fast charging capabilities. The rapid rate of advancement makes buying an EV today feel like getting a glimpse of the future.

 

Long Term Ownership

When looking at the total cost of ownership over several years, electric vehicles tend to be cheaper than comparable gas-powered models. This is because electricity prices have historically been more stable than gasoline prices. Gas prices can fluctuate wildly depending on global oil markets and geopolitical events. Meanwhile, electricity prices tend to see slower and steadier increases over time. This makes projecting fuel costs easier with an electric vehicle.

According to an analysis by Consumer Reports, electric vehicles were found to be cheaper to own over a 5 year period in most US states when factoring in fuel and maintenance costs. For example, a Tesla Model 3 Standard Range Plus was estimated to cost $28,256 to own over 5 years, while a comparable gas-powered BMW 330i xDrive would cost $41,457 – a savings of over $13,000. These savings add up even more over a 10-15 year ownership period.

Battery replacements are often cited as an extra cost for electric vehicle ownership after the warranty period. However, many EV batteries have shown degradation well under the 20% loss of range threshold over a 10 year period. Newer lithium-ion battery chemistries also continue to improve longevity over time. When needed, battery replacement costs have been coming down as manufacturing scales up. So while it’s still an added cost, improvements in battery tech are helping minimize the impact over the full lifespan of an EV.

When accounting for all these factors, most analyses find electric vehicles to be a smarter long term investment compared to gas-powered equivalents. The fuel and maintenance savings outweigh the higher upfront purchase price over time. And as battery tech improves, resale values are projected to hold up better as well. For those who plan to keep their car for many years, the lifetime savings of an electric vehicle become substantial.

 

Consumer Preferences

Consumer interest in electric vehicles has been steadily growing in recent years. As EVs become more mainstream, an increasing number of car shoppers are considering going electric for their next vehicle purchase. Surveys show that over 50% of consumers are now open to buying an electric car, up significantly from just a few years ago. This shift reflects greater awareness of EVs, intrigue around new EV models and technology, and a desire to reduce one’s environmental impact.

However, concerns and hesitations remain. Range anxiety continues to be a top barrier, as many worry about running out of charge mid-trip, despite advances in battery ranges. The higher upfront cost of EVs also gives some buyers pause, even though lower operating costs can offset this over time. Additionally, the changeover to a new type of vehicle and charging represents a significant lifestyle adjustment that not all consumers are ready to make just yet.

As more drivers go electric and share their positive experiences, word-of-mouth endorsements could help convince others still on the fence. Improved public charging infrastructure will also likely boost consumer confidence. But for mainstream adoption, automakers will need to continue addressing common consumer pain points around range, pricing, and the charging experience.

 

Environmental Consciousness

For many consumers, buying an electric vehicle aligns with their sustainability values and desire to reduce their environmental impact. EVs produce no direct emissions, which helps consumers meet their personal emissions reduction goals. Widespread adoption of EVs is also critical for cities, states, and countries to meet ambitious greenhouse gas reduction targets.

EVs can be powered by renewable energy sources like solar and wind. Even when charged from the regular grid, EVs are responsible for fewer emissions over their lifetime compared to gas vehicles due to increased efficiency. For eco-conscious consumers who want to do their part to mitigate climate change, driving electric can provide peace of mind.

Surveys show the environmental benefits are a major reason people choose EVs. Consumers want to walk the talk when it comes to sustainability. Purchasing an electric vehicle is a meaningful action they can take to align daily choices with values. For many, going electric isn’t just about saving money – it’s about driving change.

 

Conclusion

In summary, electric vehicles have several notable pros compared to gas-powered cars, including lower operating costs, better performance, reduced environmental impact, and advanced technology features. However, EVs also have some downsides to consider like higher upfront costs, range limitations, longer charging times, and uncertain resale values.

Determining if an electric vehicle is right for your needs depends primarily on your driving habits and budget. For drivers who take mostly short trips, have access to home or workplace charging, and want the high-tech driving experience, an EV can be a great choice. For drivers who rely heavily on public charging, take frequent long road trips, or can’t afford the higher initial price, a gas-powered car may still be the better option.

The best way to make the decision between an EV or gas car is to test drive one of each. Experiencing an electric vehicle first-hand can help give you a feel for whether the pros outweigh the cons for your individual situation. While EVs have some limitations compared to gas cars, for many drivers the savings, performance, and environmental benefits make electric vehicles well worth consideration.

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Questions About If Electric Cars Are Worth It

Electric cars can be worth it in Canada due to lower fuel costs, reduced maintenance, and environmental benefits. However, the higher upfront costs can be a barrier and range anxiety is still a concern for some drivers. Government incentives can help offset the initial purchase price. When calculating costs, consider your driving habits, electricity rates, and charging options.

Some key pros of owning an electric vehicle in Canada include:

 

**Lower fuel costs:** Electricity is cheaper than gasoline per kilometer driven. EV drivers can save $800 to $1,000 per year on fuel.

 

**Less maintenance:** EVs have fewer moving parts so require less maintenance like oil changes. Brake jobs are also less frequent due to regenerative braking.

 

**Environmental benefits:** EVs produce no tailpipe emissions, reducing your carbon footprint. Most Canadian electricity comes from renewable sources.

 

**Strong performance:** Instant torque makes EVs fun to drive. Top models like a Tesla Model S offer blistering acceleration.

 

**Government rebates:** Qualifying EVs come with federal and provincial incentives worth up to $13,000 off the purchase price.

The main downsides of owning an electric vehicle in Canada include:

 

**High upfront cost:** Even with rebates, EVs typically cost more to purchase than gas-powered equivalents. Expect to pay a premium of $10,000+

 

**Limited range:** Most affordable EVs offer less than 400 km of range. Range anxiety can be an issue for long trips or rural owners.

 

**Long charging times:** Fully recharging an EV battery takes hours at most public charging stations. Fast chargers help but are less common.

 

**Battery degradation:** Extreme Canadian temperatures can accelerate battery capacity loss over time. Range takes a hit after 5-8 years typically.

 

**Limited model availability:** Canadian EV options are improving but still trail what gas-powered cars offer in features, styles and configs.

It costs roughly $0.16-$0.34 per kilometer to charge an electric car in Canada, compared to $0.12-$0.20 per kilometer for an equivalent gas car. Exact EV charging costs depend on:

 

**Electricity rates** – Which vary significantly by province, season and charging time of day

 

**Charging station fees** – Public fast chargers tend to cost more than home charging

 

**Battery size** – Longer-range EVs require more electricity to fill up

 

**Driving efficiency** – Using less kWh per km saves charging costs

 

For example, charging a 2022 Nissan Leaf in Quebec costs ~$0.16/km while charging a 2022 Tesla Model 3 in Ontario is ~$0.26/km.

assurance:

 

**Warranty lengths** typically span 6-8 years or 160,000–240,000 km for capacity loss below 70%

 

**Capacity loss** means the battery can store less energy before needing a recharge

 

**Gradual loss** is normal over time. Warranties cover premature severe loss cases

 

If warranty thresholds are exceeded, the automaker will repair or replace battery packs under warranty at no cost

 

After the warranty expires, owners can pay out of pocket for battery refurbishment or replacements at today’s costs of $5,000-$15,000+

There are over 13,000 public charging stations across Canada to conveniently charge electric vehicles:

 

**Public Level 2 stations** offer charging speeds of 10-25 km per hour plugged in. Found in many public parking garages, shopping malls, downtown street posts

 

**DC Fast Chargers** can add up to 200+ km in 30 minutes. Ideal for highways but less common.

 

**Home charging** offers Level 2 speeds for overnight charging. Require installation of a $1,000+ home charging station.

 

**Workplace charging** is also an option if your office has electric car charging stations available.

 

The Natural Resources Canada website maps all public charging station locations nationwide. Apps like PlugShare also help locate and pay for EV charging.

Installing a home electric vehicle charger in Canada typically costs:

 

**$1,000 to $2,000** for purchase and standard installation of a 220-240V Level 2 charging station

 

**$300 to $1,500** for any required electrical upgrades to support the added load

 

Costs can exceed $3,000 if significant electrical upgrades are needed, like upgrading your main home panel

 

To keep costs down:

 

– Choose a WiFi-enabled “smart” charger with flexible amperage drawn

 

– Install next to your main electrical panel on the same circuit if possible

 

Many utilities and provinces offer rebates on home charger purchase, installation, or electricity costs to incentivize EV adoption.



When getting an EV in Canada, **buying** is typically better financially long-term than leasing. Reasons to buy include:

 

– Federal rebates only apply to purchases, not leases

 

– Lower fuel costs recoup more of your upfront payment over time

 

– Used EV values should remain higher vs gas cars

 

– Avoid mileage limits and wear-and-tear fees of leases

 

However leasing can make sense if you:

 

– Only plan to keep an EV short-term

 

– Prefer always driving the latest EV tech

 

– Want lower upfront costs over 5 years despite higher total spend

 

Run the numbers both ways along with insurance quotes before deciding.



Insuring an electric vehicle in Canada costs 5-15% **more** than an equivalent gas-powered vehicle. Higher MSRPs, repair costs for sensors and battery packs, and low model availability all push up EV insurance premiums.

 

Exact electric car insurance costs vary significantly by:

 

– Driver’s age, gender, location, driving history

 

– Make, model and trim level of the EV

 

– Coverage types and deductible selected

 

On average though, EV owners pay $150-$300 more annually than gas car owners for comparable policies. Insurance costs should moderate over time as more EV options hit the mass market.

Yes, the federal government and some provinces offer tax incentives in Canada designed to lower the upfront cost of electric vehicles:

 

– A **federal iZEV rebate** worth $5,000 off new EV purchases under $45,000

 

– Provincial rebates up to $8,000 combined in BC, QC and PEI

 

– Full or partial **PST/HST sales tax exemptions** on EV purchases in BC, MB, ON, QC

 

– Potential exemption from QC’s auto insurance tax for EVs

 

Additionally, since EVs don’t burn gasoline, you avoid all federal and provincial fuel taxes built into gas prices when charging and driving your EV in Canada.

Used electric cars can represent good value in Canada **if** battery capacity and range still meet your needs. When shopping for used EVs:

 

– Review battery health reports before purchase

 

– Calculate if range suits your daily driving needs

 

– Factor in replacement costs down the road if capacity fades

 

– Focus on shorter-range models which are more affordable used

 

– Consider certified pre-owned EVs still under battery warranty

 

– Used EVs typically have lower tech features than newer options

 

If buying private sale, have batteries tested at dealers before purchase. Compare used EV prices to new with incentives factored in.

Dozens of new fully-electric and plug-in hybrid cars qualify for government rebates in Canada. Popular electric cars eligible today include:

 

**Federal iZEV rebate:** Applies to new EVs under $45K like Nissan Leaf, Chevrolet Bolt, Hyundai Kona Electric, Kia Niro EV

 

**Ontario rebate:** $5K for Ford Mustang Mach-E, Polestar 2, Jaguar I-Pace, Volvo XC40 Recharge and others

 

**Quebec rebate:** Up to $8K off Chevrolet Bolt EUV, BMW i4, Mercedes EQS, Hyundai Ioniq 5

 

**BC rebate:** Up to $3K off Volkswagen ID.4, Toyota bZ4X, Mazda MX-30 and other light-duty EVs

 

**Atlantic Canada rebates** also available in NS, NB, PEI. More models qualify each year as EV options grow.

Canadian winters can reduce an EV’s range by 15-40%, requiring more frequent charging. Colder weather hurts range by:

 

– Increasing interior heating energy draw

 

– Forcing batteries to work harder, reducing capacity

 

– Increasing rolling resistance on snow and ice

 

Tips to offset range loss in winter:

 

– Preheat your EV while plugged in to reduce HVAC energy pull

 

– Set seat warmers instead of high cabin temperatures

 

– Store your EV in a garage to prevent icy battery temperatures

 

– Maintain recommended tire pressure and use winter tires

 

– Adjust your driving style and speed for maximum efficiency



Modern electric cars are well-equipped to handle Canada’s cold winters:

 

**Batteries** have thermal management systems to regulate temps, preventing damage during extreme cold and fast charging

 

**Traction control** and stability systems excel on snow and ice using instant electric torque vectoring

 

**Fast charging** works year-round, though may need to slow briefly at extreme sub -30 Celsius temps

 

**Winter tires** and AWD dual motor variants further aid winter traction and handling

 

**Frosty glass** is quickly cleared by EV’s instant heated seats, heated wheel and efficient defrost systems

 

**Range loss** is the main downside, with winter efficiency hurting battery capacity by up to 40% between charges



Test driving an electric car is recommended in Canada to experience living with one before purchase. Rental periods allow you to:

 

– Assess if range suits your regular driving needs

 

– Experience home, work and public charging first-hand

 

– Gauge if cabin and storage space meet your needs

 

– Trial smart tech and review new EV ownership learning curves

 

– Drive an EV model you’re considering buying to confirm it fits your lifestyle

 

Many Canadian airports, car rental agencies and car share platforms like Turo offer electric car rentals. Take advantage before purchase to make the best decision.

Multiple electric pickup trucks are slated to launch in Canada over the next 2-3 years including:

 

**GMC Hummer EV Pickup** – Edition 1 launched fall 2022, lower-cost variants by 2024

 

**Ford F-150 Lightning** – Available now, backordered into 2024

 

**Rivian R1T** – Deliveries began in early 2022 for adventure-focused EV pickup

 

**Chevy Silverado EV** – Set to launch fall 2023 on GM’s Ultium platform

 

**Tesla Cybertruck** – Delayed to late 2023 as production ramps up in Texas

 

These initial electric trucks all offer 400+ km of range, AWD performance, and practical truck utility for work or play. More EV pickups coming later this decade as the segment grows.

More affordable electric vehicles are launching in Canada over the next few years including:

 

**Chevy Equinox EV** – Set to launch in fall 2023 priced around $30,000

 

**Volkswagen ID.Life** – VW’s compact EV to launch in 2025 likely under $35,000

 

**Tesla Model 2** – Rumoured smaller & cheaper Tesla coming in 2024-2025

 

**Nissan Ariya** – Nissan’s electric crossover coming in 2023 with a ~$40,000 base price

 

**Hyundai Ioniq 3** – An affordable hatchback EV that may launch globally in 2024

 

These new entries all aim to offer EV ownership with reduced range and features for under $40K in Canada. Used EV values should also decline over time as supply increases.



Electric vehicles have proven very reliable in initial quality surveys, with fewer mechanical issues than gas-powered vehicles. However, some EV-specific reliability trouble spots include:

 

– Battery degradation affecting range over time

 

– Electronics glitches causing features to fail

 

– Suspension and alignment problems due to battery weight

 

– Limited model track records to assess long-term reliability

 

The most reliable EVs combine simple, proven drivetrains with extensive real-world testing. As warranties and manufacturing matures, EV reliability should continue improving.



The average electric car battery lasts 8-10 years or 200,000+ km before needing replacement. Lifespans depend heavily on:

 

**Battery chemistry** – NMC and LFP chemistries last 2-4x longer than early EV batteries

 

**Climate conditions** – Colder and hotter regions accelerate capacity loss

 

**Charging habits** – Frequent fast charging and full to empty cycles degrade batteries quicker

 

**Vehicle use** – High mileage traveling wears batteries faster

 

Battery warranties typically cover 70-80% capacity retention for 6-8 years. If warranty thresholds are exceeded sooner, automakers cover replacement costs.

 

Proper care makes a big difference in getting the most from your EV battery lifespan.

Yes, it is possible to replace an electric car’s battery pack if capacity fades or cells fail entirely. Battery replacement costs in Canada average:

 

– **Full pack replacements**: $5,000 – $15,000+ for parts and labor

 

– **Module replacements**: $2,000 – $4,000 if only portions of the pack need fixing

 

Replacement options do require some battery model availability and may take weeks for parts arrival and service. DIY refurbishments are also possible for handy owners willing to take risks.

 

Newer EV battery chemistries last significantly longer than early EVs, making replacements less likely during ownership. Battery costs should also decline over the next 5-10 years benefiting out of warranty swaps.

Yes, you can safely charge an electric vehicle in rain, snow and wet conditions thanks to:

 

**Weatherproof connectors** between EV charge ports and station plugs

 

**Charge port covers** that seal off sockets when not in use

 

**Ground fault protections** on charging stations

 

The charging equipment and vehicle connection points are designed to withstand exposure to moisture, road salt, mud and snow.

 

Of course you’ll want to prevent ice build up around the charge port in winter and avoid submerging connections in deep puddles. But incidental exposure to precipitation during charging is fine.

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