Angie's List: Analyzing Electric Vehicles

Angie's List: Analyzing Electric Vehicles

(ANGIE'S LIST) - Despite the low gas prices we've been enjoying, the demand for electric vehicles may soon surge.

Manufacturers are about to debut new, affordable models that can go as much as 200 miles on a single charge. Both Tesla and Chevrolet are promising new E-V's in the $30,000 range soon. That's the average price of a new gas-powered car. These cars should double most current EVs' range of 80 to 100 miles on a single charge. If you decide to pull the plug on your gas guzzler, Angie's List founder, Angie Hicks says you may need a new plug at home.

"You want to make sure you have the proper outlet at your home or outside your garage so you can charge it," Hicks said. "A lot of times people will use a 120-volt outlet, but you really would want a 240-volt. It's going to take less time to charge your car."

Your home electric bill will certainly rise if you go with an electric car, but Angie says to check with your utility provider for a discounted rate if you use off-peak hours to charge your car.

You can also receive up to 75-hundred dollars in federal tax credits when you buy an alternative fuel vehicle. To find out more information about the Plug-In Electric Drive Vehicle Credit (IRC 30D), click here.

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