7 Points to Know Before Buying a Luxury EV

Purchasing an electric vehicle is considerably different from the traditional car-buying experience. EVs have new specifications you need to consider, which can lead you to overspend. That’s why you need to account for these seven points before buying a luxury EV.

1.     Identify Your Needs and Budget

As with any shopping process, you first need to identify your needs and budget. How do you plan on using your luxury EV? Will you drive it sparingly, or will it be your new primary vehicle? Where will you drive? Who and what will you carry? These questions will help you narrow down your search and find wallet-friendly options. You only want to pay for the features you need.

Luxury EVs can cost between $25,000 and $100,000+ depending on your location and the state of the market. If you plan on adding aftermarket parts to your vehicle, like the new SV forged wheels from Savini or some flow-formed SV-F wheels, stay on the lower side of that price range so you can spend extra later on.

2.     Determine Your EV Type

Establishing your needs and budget will help you determine which EV type is best for you. Many buyers aren’t aware, but there are more EV types than full-electric and hybrid. You can also choose from mild hybrids (MHEVs) and plug-in hybrids (PHEVs), both of which have smaller battery packs than electric-only vehicles and switch over to the gas engine as needed.

If this is your first time buying an EV, perhaps a hybrid might ease the transition and make the driving experience more comfortable. Some people also get hybrids if they have limited access to charging stations. 

3.     Know Where You’ll Charge

You must know where you can charge your EV before you buy it. The United States has over 113,000 outlets as of January 2022, but only 46,290 public charging stations are available. That number may seem like a lot, but your area might only have one or two that hundreds of people have to share.

Research the available charging stations in your community to make sure your EV has one of the three “levels” of EV charging available:

  • Level One: slow charging from a traditional wall outlet
  • Level Two: moderately fast charging from a manufactured 240-volt EV outlet
  • Level Three: the fastest charging option, only found at specific public charging stations

We know luxury car owners want the absolute best for their vehicles, so we strongly recommend you purchase a level-two outlet for your home and use the other options sparingly.

4.     Protect Your EV’s Battery

No car responds well to extreme temperatures and bad weather, but EVs are particularly vulnerable because of their batteries. You need to park your car in a dry place with moderate temperatures. Your garage is the perfect place, but you need to make sure it’s weatherproofed for the cold months and has a reliable door that opens and closes without issue.

You also don’t need to charge your EV to 100% every time. The battery will be under much less stress if you keep the percentage in a medium to high range.

5.     Consider the Vehicle’s Range

If your vehicle’s range is too small, you’ll suffer constant anxiety from searching for the next charging station. On the flip side, an excessively long range can multiply your expenses. You don’t want to pay for a high-capacity battery if you don’t need it. 

The range for an EV can be anywhere from 100 to 300 miles, with 180-270 being the most common and optimal range. You should focus your search on vehicles within this happy medium. Some aftermarket products like the lightweight single-cast aluminum BM Black di Forza wheels or SV-F flow-forged wheels could also slightly improve your EV’s weight, range and performance.

6.     Notice the Performance Differences

When you take an EV for a test drive, acceleration will feel strange because electric motors use their full power as soon as you step on the accelerator, whereas traditional acceleration varies based on the amount of pressure applied to the pedal.

Handling is much the same as any other vehicle, but it still may feel different at first because you don’t hear the same purring of the engine. Make sure you’re comfortable behind the wheel before making the purchase.

7.     See if You Qualify for EV Incentives

Many federal, state and local governments offer incentives for EV purchases, including tax credits. For example, many buyers take advantage of the Federal Electric Car Tax Credit and save as much as $7,500. Some lenders also offer special auto loan rates for environmentally-friendly vehicles. You could save over $10,000 collectively if you play your cards right. 

Find Your Perfect Luxury EV

Luxury EV shopping can be a daunting task, especially if you’re only familiar with traditional cars. These seven points will help you find the right EV for your needs and learn the fundamentals of EV ownership, such as charging, storage and the driving experience. Just follow our advice and you’ll find the perfect luxury EV and know how to take care of it.

Author Bio: Oscar Collins is the founder and editor-in-chief at Modded, where he writes about cars, luxury topics and more. Follow him on Twitter @TModded for frequent updates! 

Lucid Air | SL1 | Savini Wheels

The Lucid Air is the latest luxury EV to hit the market and its name sounds like poetry, while its looks are stunning and sophisticated. Designed to compete with existing EV brands like Tesla, Lucid Motors has created an impressive EV with unprecedented EPA range ratings of up to 520 miles on a single charge. It’s truly a sight to behold and an amazing first effort from a first-time automaker better known for supplying batteries to Formula E race cars.

The sizable sedan boasts a noteworthy aerodynamic shape that’s fashionable and functional. While the outside is head-turning, the inside is spacious and covered with upscale, luxurious accents. The glassy canopy helps the EV live p to its lyrical name as it mixes technology with practicality in an elegant way. It was truly made to offer luxury and performance, providing drivers the ability to minimize their carbon footprint in style.

To accent the exterior looks of this Lucid Air EV vehicle, a set of SL1 Savini luxury wheels were added. These SL1 car wheels provide the car with an elevated look that matches its stylish design. Our SL Series of car rims is made to adorn the world’s most exclusive rides, providing function and style without having to replace the luxurious center cap of the said luxurious vehicle. There are six different forged wheel styles in the SL wheel collection and they are offered in a variety of finishes and sizes. If you like the setup and need a set for your own luxury ride, email us at sales@Saviniwheels.com to find a local dealer near you! We also have a vast collection of EV wheels styles to choose from on our site, so don’t hesitate to take a peek at our forged, cast and flow-formed EV rims.