4 Things You Should Know Before You Buy a Hybrid or Electric Vehicle

Thinking about buying a hybrid or fully electric vehicle? Great! However, before you run out and make that purchase, here are a few things you need to know:

You might lose some trunk space

Hybrids and electric vehicles aren’t known for their spacious trunks. The reason? That’s often where the battery’s kept. As you can imagine, the battery needed to power a car is pretty big, so it eats up a lot of space, leaving you with less room to store your cargo. If you’re planning on having a lot of junk in your trunk, look for a car with a battery under the seat instead of in the trunk, such as the Nissan LEAF.

You might be eligible for a tax credit

Save your receipts, friends, because your shiny new hybrid or electric might make you eligible for a tax credit. Many countries offer tax incentives to make buying an electric or hybrid vehicle more attractive to consumers. So, while the upfront cost will likely be higher than that of a similar or identical vehicle with an internal combustion engine, you might be able to get some of it back. Bonus!

Fueling up is about to get harder

This one’s especially relevant if you’re considering an all-electric vehicle: now’s the time to get to know your local electric vehicle charging stations. Check online or download one of the many apps that are available to help you locate charging stations in your area and make sure your city and your usual commute have adequate numbers of charging stations. An electric vehicle is far less convenient when you have to drive out of your way just to charge up.

You’ll probably spend less on maintenance

This is an often overlooked benefit of electric vehicles. Because the system that powers an electric car is far simpler and made up of fewer parts than that of an internal combustion engine, there’s less to break and less to fix. No more oil changes and no more replacing little parts a few times a year. That said, if you keep your electric vehicle for a long time, you’ll eventually have to replace the battery, which currently costs thousands of dollars to do. It might be cheaper by the time that’s an issue for you, but there are no guarantees.