Is Right Now the Best Time to Buy an Electric Vehicle?
Electric vehicles have been slowly gaining popularity among car buyers. Although 40 million people said they considered buying a battery-electric vehicle next time they hit up a dealership, only one million were on the road in the U.S. in 2018. A big reason for this gap was the price since these vehicles can cost more than double the average of a gas-powered car. However, there’s good news for anyone hoping to afford an electric car. Prices are dropping. So, it might be the best time to finally switch to an electric car. There are several factors that play into this trend, so understanding them can help you make an informed decision as a consumer. Here’s why now could be the best time for you to buy an electric car. Dealerships Are Dropping Prices on Electric Vehicles 2020 has been an interesting year for automakers. The sudden slowdown of the economy has made buying a new car the last thing on consumers’ minds. The lack of sales means that dealerships are facing an oversupply. In tur...