Depreciation is one factor many shoppers consider when evaluating a new electric vehicle. At Baker Nissan, we can help you explore our lineup of new electric vehicles and decide which option fits your needs. When you consider the other benefits of driving an EV, it’s easy to see why many drivers are making the switch. If you’re shopping for a vehicle and considering an electric model in the Houston, TX area, visit us to take a test drive and experience what an electric vehicle can do for you.

Electric vehicles may help reduce some long-term ownership costs. With fewer moving parts than many gas-powered vehicles, there are typically fewer components that require routine service. Because EVs do not have internal combustion engines, there’s no engine oil to change and fewer related maintenance items. As a result, maintenance and repair expenses can be lower than for comparable gas-powered vehicles. Some studies suggest EV owners may spend less on routine maintenance, though results vary by vehicle and driving conditions.

Rebates and tax incentives may be available for acquiring or leasing electric vehicles for personal or commercial use, and eligibility can vary by state and by vehicle. Federal incentives for eligible new fully electric or plug-in hybrid vehicles may be available up to $7,500, depending on current program requirements. For the most accurate and up-to-date information on eligibility and how to claim any credit, please consult a qualified tax professional and review the latest IRS guidance.

The demand for more charging stations will only increase as electric vehicles become a larger part of the vehicle market. Some studies previously projected that EV ownership costs would reach parity with combustion-engine counterparts by 2022. This suggests that the all-electric market, along with its charging infrastructure, will continue to grow. Options for "refueling" electric vehicles expanded rapidly in the 2010s, from 3,394 charging stations in 2011 to more than 63,000 by early 2019.

EV battery costs have been steadily decreasing as technology advances and EV production rises, and this trend is expected to continue. Electric cars have a higher sticker price than gas-powered cars, but this may change in the coming years as EV prices decline. As purchase prices drop, EVs may become a more compelling option for drivers looking to reduce overall ownership costs, since lower fueling, maintenance, and repair expenses, along with available tax incentives, can contribute to long-term savings for EV owners.

• In some areas, access to HOV lanes.
• In some areas, access to reserved parking.
• In some areas, reduced or waived tolls.
• No gasoline required.
• More environmentally friendly than combustion engines.
• Strong performance.
• Reduced noise pollution.
• Potential for strong resale value.