2022 Hyundai Electric Vehicles
Last year, a study conducted by Pew Research Center indicated that nearly 50% of Americans aren’t keen on the idea of buying or owning electric cars. Of course, with gas prices soaring to the stratosphere recently, those views might be changing. 

Still, even if the cost of unleaded was stable, the advantages of purchasing a new battery electric vehicle far outweigh the disadvantages. Unless you live in rural Nowhereville, make it a routine to drive long distances or put tens of thousands of miles on your car per year – the average American adds roughly 15,000 miles to their odometer annually – an electric car will almost certainly be a sound investment.

Obviously, your mileage may vary, both in the literal and figurative sense. To ensure you’re making the best choice, review this comprehensive list of electric vehicle pros and cons. 

Advantages

1. EVs are more than just cars

You probably think electric vehicles are just vehicles with large batteries; you should reframe the way you think about EVs because they’re actually large batteries that happen to be vehicles.

Modern EV batteries are incredibly versatile. Far beyond transporting you around, EVs can actually be integrated into our way of life—if we allow for change. For instance, GM and PG&E, one of California’s major electric utility companies, are testing the theory that electric vehicles could double as backup generators for homes.

Working While Charging Hyundai Battery in Miami, FL
In fact, if you take a step back and really brainstorm options, you’ll find that there are numerous future applications for EV batteries. They can:

  • Prevent electricity blackouts (we’re looking at you, Texas)
  • Provide extra power to our electrical grid
  • Extend solar and wind energy to more people
  • Power smartphones and similar electronic devices for longer
  • Can charge other electric vehicles (IONIQ 5’s Vehicle-to-Load function)

Honestly, the future of EV batteries is extremely exciting. We recommend checking out greencars.com to see how and where our technology is advancing. It’s the “New Gold Rush.”

2. EV battery and ownership prices have fallen drastically

EV battery and ownership prices
In just a decade, the cost of an EV battery has fallen nearly 90%, with some experts expecting prices to fall below $100/kWh by 2030. This would virtually make electric cars just as affordable to buy and own as vehicles with internal combustion engines (ICE).

Costs to operate an EV are much less than an ICE car. Let’s look at an example:

EV: The average US household pays $0.14 per kWh. If you drive 500 miles per month and charge your EV, you could be spending anywhere from $20-$40 per month.

ICE: As of March 2022, the average cost for a gallon of unleaded fuel in America was $4.32. The Hyundai Tucson, one of the most fuel-efficient SUVs in the country, can hold about 14 gallons and can travel up to 400 miles in one fuel-up (based on an estimated 29 mpg). To drive 500 miles, you’d spend anywhere from $70-$90.

As you can see, even with one of the best SUVs on gas, you’d pay more than you would with a comparably equipped electric SUV.

3. Improved driving range

In 2015, the median driving range of your typical electric vehicle was under 100 miles—far too low for the average American. No wonder EVs didn’t take off right away.

By the end of 2020, the median EV driving range grew to 250 miles, while the max driving range extended to over 400 miles. Most Americans don’t drive more than 250 miles a week, which makes an EV, like the all-new Hyundai IONIQ 5, an excellent choice today.

Batteries will also continue to improve and get lighter, ultimately increasing range. How much range? Our crystal ball isn’t working right now, but we can certainly imagine a future in which EVs can drive over 1000 miles in one charge. 

4. Batteries can be recycled

When EV batteries reach end-of-life (EOL), they can easily be recycled. The chemicals within batteries like Lithium-Ion don’t degrade quickly, even if the battery components themselves do, so they can be reused over and over, so long as there’s a refined process in place to do so.

Surprisingly, recycled EV batteries may actually be just as good or even better than newly mined ones. 

5. Charging times are much faster

In 2010, charging an electric car was a weekend affair. In 2022, home EV chargers can boost a battery to 100% in a few hours or overnight. Most models allow you to gain 100% charge in anywhere from 7 to 10 hours.

Charging IONIQ 5 in Miami, FL
The IONIQ 5, which just won several EV of the Year awards, has the ability to connect to both 400V chargers and 800V ultra-fast charging stations. There’s no need for an additional adapter to connect to 400V chargers, and the 800V option enables the electric SUV to charge from 10% to 80% in just 18 minutes – more than enough time to run in and grab a quick lunch.

6. More public charging stations

Currently, public electric vehicle charger stations are growing and expanding by approximately 8% annually. Most major markets, including Miami, have several if not dozens of public EV chargers in place.

If you buy the IONIQ 5 or Kona Electric, you receive unlimited 30-minute public charging for 24 months via the all-new Electrify America app. This includes charging at more than 700 public stations across the country. 

7. Charge at home

If there is anything Americans like more than affordability, it’s convenience. With an EV, you can conveniently charge your car at home, either in your garage or driveway. No need to put on pants to go get gas before picking up groceries curbside!

8. No pollution or noise

Regular ICE cars account for nearly 30% of America’s annual emissions. If even half of those vehicles are swapped with EVs, it could potentially make a big difference in not only pollution levels but also the effects of climate change.

9. Little maintenance

Electric vehicles don’t use motor oil, which means you don’t need oil changes. Just normal routine maintenance, tire rotations, and new brakes on occasion!

10. Lots of tax credits available

Nearly all electric vehicle models are still eligible for a federal tax credit. Full battery electric vehicles (BEVs) like the 2022 Hyundai IONIQ 5 will give you $7,500 in tax credits, while other alt-fuel vehicles, including plug-in hybrids, may qualify for a reduced amount. Check fueleconomy.gov for more info.

Your state and/or utility company may also have rebates or special deals if you own an EV. 

11. Carpool Access

EV Carpooling in Miami, FL
One reason to buy an electric car in Miami or many other metropolitan areas: HOV/Carpool access. You can get an HOV decal and ride in the carpool lane, even if you don’t have extra passengers! Visit 95express.com for additional details.

12. EV Parking

You may also be able to take advantage of EV-only parking spots.

13. Battery warranties are great

Nearly every EV manufacturer includes a substantial EV battery warranty with their electric vehicles. In addition to America’s Best Warranty and 3 years of complimentary factory-scheduled maintenance, the Hyundai IONIQ 5 also includes 10 years/100,000 miles of battery coverage.

14. Instant acceleration for that “whoa” factor

Because there’s no exhaust system, the best electric cars give you immediate power. Unless you’ve driven an EV before, you might not even realize how fun it is.

15. No risk of catalytic converter theft

Did you know that stolen catalytic converters can fetch hundreds or even thousands of dollars? If you own an electric automobile, you don’t have to worry about that since there is no exhaust system to speak of.

16. Used EVs are affordable

If your finances don’t allow you to buy a new electric vehicle, you can look at the used EV market. Pre-owned electric cars are quite affordable and not as sought-after as ICE vehicles, so you may be able to get a deal. Just remember that you aren’t eligible to take advantage of tax credits on used EVs, and you may have to replace the electric car’s battery sooner rather than later.

Disadvantages

1. Longer charging times

While it’s true that EV charging times have gotten shorter, you still have to plug your electric car in for several hours to get the most out of its battery.

2. Still lacking public EV charging infrastructure

While finding a public EV charger in Miami is fairly easy, that’s not the case in some rural areas, like Wyoming. And if you plan on taking long road trips, you’ll have to plan in advance and use an EV charger app.

3. Range anxiety

Miami FL public EV charging infrastructure
People still have a fear that EVs with bad driving ranges will leave them stranded. Although electric automobiles have come a long way, they do require some planning (see point #2 above) since their range is limited.

4. Higher initial costs

Federal tax credits make EVs comparable in price to many similar vehicles, but they are still relatively expensive to their ICE counterparts. The high price of the investment may be a detriment to shoppers, even though there are numerous ways to offset the costs.

5. Replacing EV batteries can be expensive

Normal car batteries cost a couple of hundred dollars and can be replaced very easily. To replace an electric car battery near you, you might have to pay over a thousand dollars. It’s certainly not cheap, but when you consider the money savings inherent in owning, operating, charging, and maintaining an electric vehicle, it’s really not too expensive to replace your EV battery pack.

6. Lack of selection

Perhaps the biggest drawback of buying an EV is the lack of selection, especially if you live in an area that isn’t very EV-friendly (yet). Some electric cars aren’t available in certain states or regions, which can make it difficult to adopt an EV lifestyle.

7. Battery inefficiencies in cold weather

Miami EV shoppers don’t have to worry about this, but people in colder parts of the country might want to reconsider an EV purchase. Batteries will lose their strength in extreme cold, which means less range and faster battery discharge rates in winter months.

8. Safety worries

Improperly manufactured or faulty Lithium-Ion batteries in electric cars have been blamed for several vehicles and home fires recently. Although the risks are very minimal and EV battery fires are extremely rare (0.03% chance), this is certainly a concern if you’re shopping for a safe electric car. Worst of all, some EV batteries, such as those found in Teslas, can burn for days because they aren’t easy to extinguish.

Shop Electric Vehicles in Miami, FL

Hyundai IONIQ 5 Interior
Visit Braman Hyundai or any of our Braman Miami stores to find a new EV or used electric car in South Florida. Please contact us at (786) 623-4261 to learn more about the 2022 Hyundai IONIQ 5 or any of our other new Hyundai vehicles for sale. Our Miami dealership serves the entirety of South Florida, including Aventura, Coral Gables, Ft Lauderdale, and beyond.

Categories: New Inventory, Green