gmf|us|en|financial-resources|articles|electric-cars en_us en-us
Back to top
family in the garage powering up their electric vehicle with text overlay “Electric Vehicles: 5 Things You Should Know”

5 Things You Should Know about Electric Cars

Transportation is ever-changing. From alterations in how people travel, like ride-sharing, to safety developments like automatic braking, there’s always something new. Electric vehicles (EVs) are the future of driving, but that future is happening right now. Here are five things you might not know about them.

  1. Driving Experience

    Get behind the wheel of a Chevrolet Bolt EV, and you’ll immediately notice a different feel to the car. Maybe most apparent is how silent it is. Forgoing a gas-powered engine, which inevitably makes noise when converting fuel to kinetic energy, makes for one of the quietest rides available.

    But it’s not just the silence that differentiates driving electric. Technology developments directly related to how you drive make it unique. Want to slow down or stop entirely without so much as touching your brakes? One-pedal driving is the way to go. Simply lift your foot off the accelerator to slow down or stop, and you’ll maximize your range to get even more miles to the charge.

    Or, you can take advantage of Regen on Demand, a steering wheel paddle that lets you slow down without the use of your brakes. It helps convert the energy and transfer it to your battery to make your charge last even longer.

    Of course, you’ll want to use your brake pedal in the event that you need to stop immediately. These options simply provide another way to increase the efficiency of your vehicle.

    Collectively, these aspects of the Bolt EV create a unique driving experience in comparison to traditional gas-powered vehicles.

  2. Finances

    Don’t let the potentially higher upfront cost of an EV deter you from acknowledging the financial benefits of going electric. You can eliminate trips to the pump if you go fully electric, but even a hybrid will reduce the frequency of trips.

    Opting for a fully electric car means you also bypass the additional maintenance and gas costs that accompany gas-powered engines. Depending on how much you drive, that alone could save you hundreds or even thousands of dollars every year.

    Plus, there’s a federal tax credit of $7,500 on new EVs, and some states offer additional credits of their own. Limitations apply, so ask your tax professional for more information.

  3. Charging

    If you’ve only ever driven gas-powered cars, you’re accustomed to frequenting gas stations as part of your routine. However, at-home charging puts the power in your hands — literally.

    Stations can be customized to help further reduce cost depending on how quickly you want your battery to recharge. Some apartment and housing complexes even have complimentary charging stations, which means you’re driving on a full charge for next to nothing.

    If there aren’t many stations in your area, you can still go electric with a bit of planning. Simply download a smartphone app that locates charging stations nearby to get a better idea of the available options.

  4. Distance

    Getting from point A to point B is the ultimate goal of transportation; however, the journey is often just as important as the destination. The Chevrolet Bolt EV makes that a reality with up to 238 miles to the charge.

    Going on a longer trip? Before you hit the road, map out charging stations to ensure you’ll have enough juice to get to your final destination.

  5. Durability

    Investing in a vehicle is a big financial commitment, and you want to ensure it lasts. Electric vehicles have fewer components that could require maintenance, meaning you’ll avoid small upkeep expenses like oil changes.

    Plus, Chevrolet Complete Care covers the battery and electric components on the Bolt EV for eight years or 100,000 miles, giving you peace of mind behind the wheel.

Bottom Line

Ultimately, driving electric is an experience with a lot of benefits. While there’s still a lot left to learn, the future of transportation is here, and it’s exciting.

 
Allison Scott
By Allison Scott, GM Financial

GM Financial’s Allison Scott is committed to steering people in the right financial direction. When she’s not shifting gears at work, you can find her listening to John Mayer, cracking “dad jokes” or watching the Dallas Stars.

 

Ready to get in the driver's seat?

See if you pre-qualify for financing.

Apply Now
Man meticulously inspecting his vehicle prior to his lease-end inspection

Why You Need A Lease-End Inspection

Explore the top three reasons you should take advantage of a free lease-end inspection.

FIND OUT
man under vehicle on roadway making repairs

Should You Repair Your Older Car or Get a New One?

With maintenance costs adding up, it might be time to retire your extra vehicle. Discover the signs it's time to move on.

FIND OUT
/content/gmf/en_us/financial-resources/articles/electric-cars/jcr:content true https://www.buick.com https://www.cadillac.com https://www.chevrolet.com https://www.gmc.com /en-us/customer-center/lease-customers/lease-end/get-going.html /en-us/customer-center/lease-customers/lease-end/get-inspected.html /en-us/customer-center/lease-customers/lease-end/get-started.html /en-us/customer-center/lease-customers/lease-end.html