Tausi Insider

Photo : Virrage Images ( Shutterstock ) During last year’s stretch of record-high gas prices, a lot of people were rethinking how and when they used their car, and considering alternative options. Not everyone is able to walk to work and to run errands, and outside of major cities, there’s not much in the way of public transportation in the U.S. So naturally, some people looked into getting electric vehicles. While the idea of saving money on gas is certainly appealing, that’s only one financial aspect of car ownership. In fact, owning an electric vehicle comes with several hidden costs. Here’s what to know. The hidden costs of owning an electric vehicle First, we should point out that while electric vehicles may have hidden costs of ownership that consumers may not factor in, overall, they tend to be less expensive over time. A 2020 report from Consumer Reports found that the lifetime ownership costs of the latest generation of electric vehicles were an average of between $6,...

Photo : Yauhen_D ( Shutterstock ) As electric vehicles continue to grow in popularity, more and more EV startups are following Telsa’s example of the direct-to-consumer style of sales, cutting out what many consider to be the auto- sales middle man: dealerships. While dealerships offer the customer certain advantages (an array of vehicle options, the ability to test drive multiple models on the spot, the convenience of driving your purchase off the lot on the same day), the experience of visiting a dealership to negotiate a sale is also something many of us dread. As Nora Naughton and Alexa St. John write for Yahoo News : “The consumer experience and the consumer journey is too precious to delegate to a third party,” Peter Rawlinson, Lucid’s CEO, told investors during an earnings call in November 2021. The auto consultancy Berylls said the benefits would include the potential to provide a better buying experience, cut the haggling shoppers hate, and reduce overhead costs. This a...