While it once might have seemed like a pipe dream, more and more electric vehicles are being released with each passing year, so the EV revolution is firmly upon us. From the streets of Philly to the shores of Atlantic City, you’ll find electric vehicles all over the open roads these days, and they’re taking much different forms than you might expect. Now, here at the Ciocca family of dealerships, we’re firmly embracing growing interest in electric vehicles. With a great lineup of new electric vehicles and used EVs for sale at our dealerships from Quakertown, PA to Williamsport, it’s only too easy to get into an electric vehicle when you shop with us. However, there are benefits to buying or leasing an electric vehicle, but there are also plenty of cases in which an Internal Combustion Engine vehicle, also known as an ICE vehicle, might be a better fit for your lifestyle. Luckily, we’ve helped drivers from the Keystone State to New Jersey to get into the driver’s seat of both types of vehicles over the years. We’d love the help you explore both options and find the best fit for your lifestyle at the Ciocca family of dealerships. So, first thing’s first, let’s start with the basics…
What is an electric vehicle?
This might seem obvious, given that you can find electric vehicles all over the greater Atlantic City and Allentown, PA areas these days, but it’s worth diving into. After all, you’ll find options out there like hybrid and plug-in hybrid vehicles fall under the purview of electric vehicles, but they’re distinctly different from fully electric vehicles. For the purposes of classification, electric vehicles are powered by lithium ion batteries and electric motors. Some of our most popular new EVs in the Ciocca family of dealerships include the Chevy Bolt EV, Subaru Solterra EV, and BMW iX, and many others.
What is an ICE vehicle?
An ICE vehicle, or internal combustion engine vehicle, is likely the type of vehicle you’ve been driving since you first got your driver’s license. ICE vehicles have been the premier means of transportation on America’s roads since the earliest days of the automotive industry, and they encompass both gasoline and diesel-powered vehicles. Leveraging an internal combustion engine that routes power to the wheels by way of a manual or automatic transmission, some popular examples of ICE vehicles in our portfolio are nameplates like the Chevy Silverado 1500, Toyota 4Runner, Ford Expedition, and many others.
What are the benefit to buying an EV?
- They’re more eco-friendly
We’ve all heard the headlines about climate change and fluctuating fuel prices, so if you want to get out ahead of those issues, a new or used EV is the way to go. With an electric vehicle, you can insulate yourself from rising gas and diesel costs and feel good about choosing a greener means of transportation for the environment.
- They’re more affordable to maintain in the long run
While prices can vary depending upon where you go, it’s widely reported that electric vehicles cost about half as much as ICE vehicles to maintain in the long run. So, if you’re looking for ways to save, an EV might just be a smart bet.
- They’re eligible for attractive Federal Tax Credits
If you’re looking for opportunities to reduce your tax bill, eligible EVs may just afford you the chance to claim up to a $7,500 credit on your federal tax return.
What are the benefits to buying an ICE vehicle?
- You’ll never have to worry about range
While electric vehicles have improved so much that many can travel between 250 to 300 miles on a single charge, you still need to concern yourself with finding chargers near your route if you’re making a long-distance trip. And while you’ll find EV chargers all over cities like Atlantic City and Philadelphia, they can be sparse as you travel into the middle of the country. However, you’ll find gas stations all over the place, making ICE vehicles more practical for folks who frequently travel long distances.
- Resale value is currently higher
While time and trends may change this fact, it’s currently true that ICE vehicles have a higher average resale value than electric vehicles. Most analysts and experts suggest that this is largely due to lingering hesitance about used car shoppers taking the plunge into the EV market rather than any concrete concerns about long-term reliability. Still, if you’re looking to change up your ride every few years, you may want to consider the fact that it’ll likely be easier to sell your ICE car than it will be to sell an EV for the foreseeable future.
- There’s more options in the ICE market
As we’ve mentioned before, the EV market is very much still emerging. And while new models and variants are coming out year after year, there’s a greater variety of different vehicles to choose from that have ICE powertrains. So, if you’re looking for the freedom to pick the vehicle that’s truly perfect for your lifestyle, you’re more likely to find what you’re looking for with an ICE vehicle than you would with an EV, but that could change with the passage of time.
Want to learn more about the pros and cons of EVs and ICE vehicles? Pay a visit to a Ciocca dealership near you today.