What you need to know about buying EVs in Canada

What you need to know about buying EVs in Canada

Posted on August 24, 2022

When shopping for a new car in 2022, Canadians will have to answer a number of different questions.

The most important question to ask yourself is if now is a good time to buy an all-electric car (EV).

People are becoming more interested in these vehicles, and Canadians always want to "do the right thing" for the environment, but there are some practical questions that need to be answered.

Is your house ready for an electric car?

In theory, you could charge your EV with a regular outlet at home. However, a trickle charge may not give your EV enough power to make up for what you used during the day.

Your home's electrical system might not be set up right to give power to both the car and the rest of the house.

You will need an electrician to set up the charging station and make sure your home's electrical system can handle everything. Most people don't think about these extra costs when they're looking for an EV.

Where you live in Canada impacts your EV options

We are all Canadian, but whether or not now is a good time to buy an EV depends on where you live.

There are a limited number of charging stations in Canada, and the number is growing every month. However, if you live in a rural area, you may not be able to find any charging stations.

If you live in a colder part of Canada, you also have to think about the cold when driving your electric vehicle. The range of your EV is affected by the weather.

If it's too hot or too cold, the battery won't be able to store or release as much energy.

How do you plan on paying for the EV?

We need to talk about the initial cost of buying an electric vehicle (EV). Electric vehicles (EVs) are getting cheaper, but it will take time for them to be the same price as cars with internal combustion engines.

Since the price of an EV is high, your monthly payments and the length of your loan will be much longer than with a regular car. In addition to reducing the amount of carbon, you put into the atmosphere, buying an electric vehicle will save you money on maintenance and gas.

The cost to charge your EV is a small fraction of what you would pay for gas, and other than changing the tires, there isn't much else that needs to be done to it.

Because of these savings over time, buying an EV is a good idea if you live in an "EV-friendly" area. So do yourself a favour and contact a dealership in your area and go for a test drive.

This is the only way to figure out which EV is right for you, and the dealership can also help you get a car loan.

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