Buying a cheap electric car allows some drivers to save money. In addition, people who drive electric cars are allowed to use carpool lanes in some states; using the carpool lane can help California drivers reduce their commute times significantly.
The cost of running an electric car varies based on the cost of electricity and the cost of fuel, but many drivers see a significant reduction in their transportation spending. In addition, many electric vehicles can be charged from home, which allows drivers to avoid having to stop at the gas station. Some workplaces even allow employees to charge their cars at work.
However, electric vehicles typically have a significantly shorter range than their gasoline and diesel counterparts, so drivers with long commutes may not be able to make the switch. Drivers who go on road trips need to have another car available or pay rental car prices.
Buying used electric cars also allows buyers to save on the high cost of new electric vehicles. Because they are relatively uncommon, electric cars cost more to design and manufacture, but used models depreciate over time. However, it's important to note that their batteries eventually wear down, so buyers might need to purchase replacement batteries more quickly compared to purchasing a new car.