You see it on the roads: More and more people are driving electric vehicles (EVs). According to the Boston Consulting Group, more fully electric vehicles will be sold than gasoline cars worldwide by 2028 — that’s just five years away.
Government credits remain available and the prices of EVs are dropping. So, what do you need to know before plunking down some serious cash for a car? We’ve got answers to some of the most common EV questions, as well as some helpful buying tips.
Charging type |
Power output |
Hours to charge |
Availability |
---|---|---|---|
Level 1 |
120V outlet |
PHEV: 5-6 hours BEV: 40-50 hours |
No installation required |
Level 2 |
240V outlet or charging station |
PHEV: 1-2 hours BEV: 4-10 hours |
Available at public charging stations or can be installed at home |
Level 3 |
480V DC fast charger station |
BEV: less than an hour |
Available only at public charging stations for BEVs Not every BEV can charge at a Level 3 station |
Charging type
Level 1
Power output
120V outlet
Hours to charge
PHEV: 5-6 hours
BEV: 40-50 hours
Availability
No installation required
Charging type
Level 2
Power output
240V outlet or charging station
Hours to charge
PHEV: 1-2 hours
BEV: 4-10 hours
Availability
Available at public charging stations or can be installed at home
Charging type
Level 3
Power output
480V DC fast charger station
Hours to charge
BEV: less than an hour
Availability
Available only at public charging stations for BEVs
Not every BEV can charge at a Level 3 station
If you’re ready to buy one of these eco-friendly cars, here are some tips for making your purchase easy and stress-free.
Want to know more? Read about the motivations behind one woman’s decision to purchase two electric vehicles. Ready to buy? U.S. Bank can help you shop and finance your next vehicle all in one place.