If you are thinking about buying an electric car right now, you are not alone. Here's what you need to know.
“An electric SUV like the mustang Mach-E will save consumers around $2,000 a year with gas prices at $4 a gallon, said Chris Harto of Consumer Reports.
But orders are closed for the 2022 Mustang Mach-E. Ford has already sold out all it can build, although it’s possible a local dealer could have one or two. And Ford says its newly released electric pickup, the F-150 Lightning, has already sold out its first year of production in the U.S., too.Many of the most popular EVs are selling out as soon as they hit the market. So, buying one requires patience and planning. Here are some ideas to help your search.“Many, many EVs have very high incentives available, both from the federal government and sometimes from your local utility or even your state,” Harto said.
The federal government still offers buyers of new electric cars a tax credit of up to $7,500. It varies by manufacturer. For example, tax credits are no longer available for Teslas or GM electric vehicles and could end soon for Toyotas, unless new legislation extends the credits.