Should you buy an electric car

Andrew Leung
2 min readJun 7, 2024
Photo by CHUTTERSNAP on Unsplash

One of the biggest financial costs will be your car. A car is important both as a mode of transportation and a convenience tool. You can get around without waiting for public transportation and carry more things with you to work and when you are out on the town. Right now there are several car options available to you: gas-powered, hybrid, and electric cars. So lets look at the pros and cons of electric cars to see if they would be the right choice for you.

The primary benefit for going electric is that you don’t have to pay for fuel (gas) in the traditional sense. You may have to pay to charge your car outside the home, but if you have a charging port at home you can charge it there. The hallmark of going electric is that you are getting a very fuel-efficient car. Typically constant stops and starts, tend to lower the efficiency of cars, but this isn’t the case with electric cars. Many people who drive electric cars also do so for the social status that it represents. It means you care about social causes like the environment and that you are taking steps to lower your carbon footprint.

There are downsides to driving electric cars. The first is that they are typically not as powerful as gas powered cars. This is in reference to their lower acceleration speed and the distance they can go before needing a refuel. How much this will affect you will depend on your…

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Andrew Leung

I will be sharing the plain and honest: truths, pros and cons as well as my experiences of Personal Finance, Side Hustles, and Investing.