Thinking of Buying an Electric Car? The Tax Credits and Benefits to Know

Thinking of Buying an Electric Car? The Tax Credits and Benefits to Know

By Perri Ormont Blumberg

If you’re considering buying an electric vehicle, you’ll have to answer one big question: Where will you charge it? Plus, how often?

If you live somewhere without a garage or nearby charging station, this might be a tricky time to go full electric. More than half of U.S. consumers say they are thinking about buying either a new or used EV, up from 38% in 2021, according to recent research from Cox Automotive. The top reason people aren’t going for EVs? The cost, followed by a lack of nearby charging stations.

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