Why Right Now Might Be the Perfect Time to Buy an Electric SUV

If gas prices are getting you down, you might be considering looking for an electric SUV. Even when gas prices aren’t astronomical, electric vehicles (EVs) are a great choice. So many car manufacturers are putting them out, meaning your choices are seemingly endless. Here are some of the best reasons to buy an electric SUV in 2022.

Supersonic Red 2022 Toyota RAV4 Prime with the Chicago skyline in the background
Supersonic Red 2022 Toyota RAV4 Prime | Toyota

Electric SUVs are cheaper to fill up than gas-powered vehicles

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Gas prices right now are high, and that might be enough to make you consider buying an electric SUV. While charging an electric SUV isn’t typically free, it’s generally cheaper than filling up a gas tank. In fact, it’s usually a lot cheaper, even when gas prices aren’t high. Some electric automakers are including free charging for a period of time after purchase, such as three years, which is an added incentive. If you want to save some money long-term, choosing an electric SUV may be one way to do that.

You may be able to get a tax credit

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Perhaps you already know about the electric vehicle tax credit. It’s an incentive to get people to buy an electric vehicle, and there are federal, state, and local tax credits available. Federal tax credits generally range from $2,500 to $7,500, according to Drive Clean. There are also direct rebates as well as local rebates for buying or leasing electric SUVs, as well as installing home charging stations. There are different restrictions and guidelines surrounding the tax credits available, so it’s a good idea to search the particular electric SUV you’re considering as well as the area that you live in to see what may be an option for you.

It’s cheaper to maintain an electric SUV than an internal combustion engine vehicle

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Electric SUVs have fewer parts than internal combustion engine (ICE) SUVs. This means it’s typically cheaper to maintain an electric SUV than it is a traditional gas-powered one. Consider that your electric SUV won’t need an oil change any time soon (or spark plugs, or filters), and you just might be compelled to go the electric vehicle route.

There are so many electric SUVs to choose from

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One of the biggest reasons to purchase an electric SUV right now is the fact that there are so many to choose from. Most car manufacturers are putting out electric versions of their most popular vehicles and introducing new electric vehicles. While in the past most electric vehicles were small cars, today there are so many options that nearly anyone can find an electric vehicle that will suit their needs.

For example, currently there are numerous electric vehicles (like the 2022 Toyota RAV4 Prime) as well as pickup trucks (the 2022 Ford Lightning is a great example). If you need something with a litlte more space than the Toyota Prius offers, there are lots of options.

If you’re looking for a new SUV, right now just might be the perfect time to buy an electric SUV. There are seemingly endless options, and with gas prices as high as they are, you might be interested in saving money by charging your electric vehicle instead of filling it up at the gas pump. In addition, tax rebates make the initital purchase price may be just what you need to make the switch.

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