Contemplating an EV? Here’s the buzz on the pros and cons

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Electric vehicles are soaring in popularity, but “range anxiety” and fears over costs are preventing many drivers from making the switch.

Money editor Dominic Powell and our experts share tips on how to save, invest and make the most of your money.

, a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You’re reading an excerpt −, tracking petrol price movements could be considered an Australian pastime. When they go up, we hoot and holler, and when they go down, we hoot and holler .

Inevitably during these discussions, there’s always one person who pipes up with “why don’t you just buy an electric vehicle?” So, for those commenters, this one’s for you.Technically, electric vehicles were invented in the early 1800s, but the invention of the combustion engine pretty quickly put them out of fashion. It wasn’t until nearly 200 years later, in 2010, that the release of the Nissan Leaf, along with some early model Teslas, put mass-market EVs on the map.for the past three years.

Advice given in this article is general in nature and is not intended to influence readers’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.

 

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