The Pros and Cons of Electric Vehicles in Texas

Some people expect the price of electric vehicles to decline, but the opposite is true. The average electric car price reached $66,000 in June 2022, a 13% increase from last year. The average price of a used EV in Texas is $40,902, just under the national average of $43,000.

So, why hasn’t the price decreased? For starters, recent inflation has increased the cost of nearly every good, including electric cars. Additionally, because electric vehicles are relatively new, not as many used electric cars are for sale. Unless you plan on buying a new car, an electric vehicle may not be in the cards for you.

What about the money saved on gas? The availability of free EV charging stations depends on where you live—a topic we will get to later on—and the cost of gas in your area. 

As a general rule, high gas prices and the availability of free or solar-powered charging stations mean you can save a significant amount on gas expenses in the long run. According to the U.S. Department of Energy’s National Renewable Energy, the electricity needed to power an electric vehicle over 15 years can be as much as $14,480 cheaper than fueling a gas-powered car.