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3 Things You Need to Know When Buying an EV in Ontario

3 Things You Need to Know When Buying an EV in Ontario

If you are thinking about buying an EV but are not sure which make and model is a safe bet, you are in the right place. We are going to provide you with the information you need to select the EV that is best suited for your budget and needs.


EVs are Here to Stay


Everyone remembers fidget spinners and how everyone was using them; well, unlike fidget spinners, EVs are here to stay.


Global EV Vehicle Sales


Unfortunately, while there are reports that we have enough oil to last us for over 500 years, there are no guarantees that the environment is able to sustain us if we continue down our current path.


During the Summer of 2022, we are already experiencing record-breaking heat waves.


This is not just in traditionally warm places; places like the UK have encountered 40-plus degrees Celsius.


Whether you are a believer in climate change or not, we need to do our part to reduce the amount of pollution that is derived from petroleum-powered vehicles.


If you are not into the environment, another more pressing reason to make the change is how rising gas prices are going to impact your wallet.


While there are talks of a recession that will bring down gas prices, with the carbon taxes enacted by the Trudeau Government, the days of cheap gas are passed (click here to learn about some great ways to save on gas this year).



Range Anxiety


Aside from the high initial cost of first-generation EVs, a common reason that most Canadians did not want to purchase one was the limited range offered by the vehicle.


It was great if you lived in the GTA, Montreal, or Vancouver area, where there is charging infrastructure in place.


For most Canadians, the lack of charging infrastructure and the vast distances that Canadians had to commute were the primary reasons that potential buyers did not make the switch to an EV.


Now that major carmakers like Ford have developed second-generation EVs that have enhanced range, you can get the same mileage from an EV as you would with a gas-powered car.


This is great news but what makes things even more interesting is the growing number of fast charge level 3 chargers being installed throughout Canada, including Petrol Canada’s for drivers on long road trips.


Another benefit is drivers can now install a level 2 charger in their home; they just need a licensed electrician to do the installation.


EV Charger Levels Source Central Hudson


This means after work, you can charge your car when electricity is cheaper, and you have a fully charged vehicle in the morning.


Major Lenders are Getting Onboard


The primary reason for buying an ev now instead of waiting is the low-interest rates you can secure. There are major lenders offering EV loans, but you need to move fast.


The Bank of Canada is raising interest rates, and if you delay making the decision any longer, it could cost you considerably more interest.


Head over to your local dealership today, and test drive their entire fleet of EVs until you find the one you like the most. This is the only way to know which EV is genuinely the right one for you.


If you need help or advice on anything to do with buying an ev, contact Car Nation Canada today, we can help!

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