Electric cars are gaining in popularity and are priced to go faster than the competition, but it can cost a bit more than the gas-powered models to get the full power of an electric car, according to new research.
The Electric Drive study found that an electric sedan costs $8,700 in the United States and $12,100 in Germany, compared to a conventional vehicle that can go a little over $10,000 in the U.S. and more than $20,000 worldwide.
It also found that a hybrid car that can charge from 0-60 in 3.9 seconds can cost up to $7,100, compared with $3,600 for a traditional gasoline-powered vehicle.
But electric cars are cheaper to buy than traditional gas- and diesel-powered cars.
A Tesla Model S is shown at a demonstration day in the parking lot of the company’s Fremont, Calif., headquarters in 2016.
It has been sold to the public for $75,000, but buyers are required to pay an extra $500 to add it to their insurance plans.
“There’s a lot of hype around electric vehicles, and it’s a big misconception that you have to pay a lot more than conventional vehicles,” said Robert Haines, who conducted the research with John P. Pesca of the University of Michigan.
Electric cars also have the advantage of being environmentally friendly, as they burn less energy than a gasoline engine, according the study.
And they can charge more quickly, because they are lighter and can be charged in one spot, compared in some ways to a gasoline car.
Haines noted that electric cars also don’t have to take up much room in a car, because the battery is mounted on the roof, instead of in the middle.
He said there are several reasons why electric cars can cost more, including the fact that the cars are designed to have more range, while conventional vehicles have to make more fuel and do a lot less driving.
Some cars, like the Tesla Model X SUV, can go 60 miles per hour in just 3.3 seconds, whereas other models, like BMW’s i3 and Mercedes-Benz E300, can only go 25 miles per day.
There are a few drawbacks to electric cars, too.
One is that they don’t make it easy for customers to drive the speed limit.
For example, drivers in New York City and Los Angeles will need to stop at a red light at 60 mph to drive safely on the road, even though the speed limits in those cities are 60 mph and 65 mph, respectively.
Additionally, the cost of a new battery can vary wildly depending on where it is built, with some electric cars charging at lower voltages than others.
If you’re looking to get your hands on a Tesla Model 3, which is expected to be available by the end of 2021, you may be better off going for a fuel-cell or hybrid model, instead.
Another advantage of electric cars is that the batteries can be stored in the trunk of the vehicle, compared as they are with conventional gasoline- and hybrid-powered vehicles.
In addition, the cars don’t require any maintenance.
Tesla CEO Elon Musk says a Tesla owner can use his electric vehicle to go from point A to point B in a single day.
If they need to take the vehicle off the road because of weather, for example, they can just use it as a power source.
To learn more about electric cars and their potential, check out the ABC News Energy & Environment series “The Electric Road.”