THE POWER TO BUY AN EV WITH CONFIDENCE
Interested in making the switch to an electric vehicle (EV)? We have all the answers to your questions.
Is insurance higher for an EV?
According to Lending Tree, the cost of car insurance for an EV is 25% more than its equivalent gas model. But this can be offset with low maintenance costs and tax incentives. Today, there is a big price range between the EV model and the insurance company you choose, so be sure to check with various insurance companies for EV-specific rates.
Are tires more expensive for EVs?
Tires on EVs need to be more durable due to heaviness of the battery, extra braking distance, and tread wear due to almost instant torque of the vehicle. You’ll be saving money on regular maintenance of the vehicle, which offsets the additional money you will pay for tires.
What is the wear and tear on EV brakes and brake pads?
It is recommended that EVs get a brake inspection after 5 years. Regenerative brake pads (which use the energy from braking and turn it into electrical power and charges the battery when slowing down) wear away, but at a much slower pace than pads in traditional brakes. Traditional brakes wear down more quickly because they are not corrosion resistant, causing them to corrode and crumble faster.