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

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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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