Thinking of Buying an Electric Car? The Tax Credits and Benefits to Know

If you’re considering buying an electric vehicle, you’ll have to answer one big question: Where will you charge it? Plus, how often?

If you live somewhere without a garage or nearby charging station, this might be a tricky time to go full electric. More than half of U.S. consumers say they are thinking about buying either a new or used EV, up from 38% in 2021, according to recent research from Cox Automotive. The top reason people aren’t going for EVs? The cost, followed by a lack of nearby charging stations…

If you are able to install a charging system at home or have access to a charger, you’re set up well for EV ownership. If you can’t install an EV charger at home, charging your electric car for hours at another location might add stress and challenges to your life.

“We’re in the process of building out a charging network along interstates that’ll help people get all across the country without having to worry, but those aren’t all built yet,” said Jeremy Michalek, a professor of mechanical engineering and public policy at Carnegie Mellon University.

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