Best Luxury Electric Cars for 2023 | helm (2023)

Josha Bownessa

October 26, 2022

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conscious air

North Star 3

BMW i7

Genesis Electrified G80

Rolls-Royce Espectro

last yearWe wroteabout some of our favorite luxury electric cars coming in 2022 (incl.Porsche TaycanEUModel Tesla S). In this post, we highlight some of the most luxurious premium electric vehicles to be seen on UK roads in 2023.

Convenience and class; these cars are extremely fast, can cover impressive distances on a full battery, and have the latest and most exciting technology.

Of course, we can list many more here, but here are some of the richest ones:

conscious air

Best Luxury Electric Cars for 2023 | helm (5)


406 – 516 mil

Best Luxury Electric Cars for 2023 | helm (6)


77 000 GBP - 137 000 GBP (szac.)

You might think we're being brave to put a new company at the top of this list, but if reviews are anything to look out for, Lucid is the name you need to consider.

Following the big manufacturers, Lucid is targeting its first model, the Air, exclusively for entry-level luxury sedans like the Mercedes S Class and BMW 7 Series. fastest in the world." So they're definitely not wrong.

Big numbers seem to be trending in the air. Loudspeakers? 21. Touchscreen? 34 inches. Range? 516 miles.Power horses? More than 1000!

Three versions will be available in the UK: Air Pure, Air Touring and Air Grand Touring, each offering a bigger package, more power and better range. The Air Pure will launch with a single 480hp engine at the rear wheels and a range of 406 miles, with only the Grand Touring offering a powerful 1,050hp, twin-engine configuration and 516 miles. Other countries like the United States and Canada receive an even faster version of the Air Sapphire with 1,200 hp and more. 0-60mph for all models is less than 3 seconds, which no matter how you look at it, is extremely fast.

Maximum charging speeds start at 200kW for the Pure and go up to 300kW for the Grand Touring, withEV databaseanticipating that you can gain a range of 300 miles in just 25 minutes of charging.This is an electric car with which you can cross continents without any problems.

Journalists have yet to drive it on British roads, but in the US it has proved extremely popular. Effortlessly quiet at high speeds, smooth for cruising around town and great fun on windier roads, it really does sound too good to be true. The chassis and suspension are class-leading, giving the driver a choice: take it easy in style and comfort or go wild and drive like you've stolen it. Either way, we think you'll be very happy with the result.

the inside issmart and modernbut not complicated, which is great news. A mix of touchscreen and physical buttons (for the important bits) meansfeeling at home on Lucid Airit doesn't last long. If you want your car to do it all for you, just ask the built-in Alexa.

There's plenty of customization too, with three alloy options, multiple roof options (including a full glass "canopy"), and the option to outfit the car in cream, beige, or black leather, alpaca wool (seriously!) woven free, which they call PurLuxe.


  • Incredible speed and power available
  • Great opportunities on the road
  • Exclusive customization available


  • The best spec is expensive
  • An unknown brand can put people off
  • Fastest Tesla Model S available in the UK

Interested? You can book oneconscious airwith a deposit of just £200; Deliveries are expected in the UK in late 2023.

North Star 3

Best Luxury Electric Cars for 2023 | helm (10)


379 mil

Best Luxury Electric Cars for 2023 | helm (11)


79 000 £ +

Polestar has really made a name for itself in the UK. 2 was and continues to be a huge success, and the Scandinavian brand hopes to build on that with its latest offering: a luxury electric SUV called the '3'.

Doesn't that look cool?! We thought so anyway. “Thor's hammer”, headlights, 21-inch alloy wheels and those sharp, sleek body lines. It will certainly stand out from the crowd of German SUVs.

As with other Polestar cars,the specification is generous, and all model year 2023 cars get various option packages as standard (making them really, really well equipped). It will then be split into the usual Polestar 'Pilot', 'Plus' and 'Performance' packages. The remote provides Polestar's comprehensive adaptive cruise control with LiDAR, meaning the car can accurately scan the road in 3D hundreds of times per second. In addition, it offers subtleties such asBowers & Wilkins 25-speaker surround sound system, panoramic sunroof and head-up display. Efficiency is pretty obvious; optimized handling and increased power, solid (and somewhat scary) 510 hp. That said, the standard long-range model is only a fraction less efficient at 482hp and all models charge up to 250kW (meaning 210 miles can be added in just 30 minutes).

What won't scare is how the 3 will handle it, it will be safe and secure, with Volvo roots and great driving dynamics. We don't know much about how it feels at the time of writing, but we do know it will have a huge impact.intelligent air suspension as standardSo if Polestar has anything to say about it, it must be a very comfortable car.

Inside, a Scandinavian minimalist vibe shines through, dominated by a 14.5-inch Google infotainment system. Simple to use and quick to operate, it has proven to be one of the best systems on the market in the Polestar 2; no doubt it will be equally popular here.


  • Stands out from the German crowd
  • Excellent infotainment system
  • Enhanced security systems


  • Standard equipment will drop after 2023
  • More expensive than some similarly sized rivals
  • Trunk space is a bit smaller than other SUVs

Want to drive a Polestar?Polestar 2 is available by subscription.

BMW i7

Best Luxury Electric Cars for 2023 | helm (15)


388 mil

Best Luxury Electric Cars for 2023 | helm (16)


108 000 £ – 135 000 £ +

Lined up to take over the 7 Series in the BMW lineup, the i7 will soon be the brand's flagship luxury sedan.

What did you think of the look? From the side and back, it's probably pretty, but the front grille has had a major facelift and some say it needs a different one. However, whatever you think from the outside, the i7 has something going for it.unparalleled interior comfort and sophistication. Also, BMW knows that people who buy these types of cars are likely to care more about the interior, so that's what they want to focus on.

And there are plenty to choose from. If you're lucky enough to be transported in the back of one of these, you'll be completely spoiled for choice. Four-zone air conditioning and air suspension mean that all occupants of the i7 will have a comfortable journey; reclining rear seat with footrest, for31,3” ‘BMW movie screen'combined with 36-speaker surround sound, you'll be hard-pressedNOto find i7 a very relaxing place to sit.

The BMW operating system is also impressive, especially when combined with the many other screens (including the 14.9-inch head unit, 12.3-inch digital instrument cluster and two 5.5-inch touchscreens in the rear doors). . Equip your i7 with the Sky Glass panoramic sunroof and the sky really is the limit.

A range of 388 miles and a top charging speed of 195kW (or around 200 miles in 35 minutes) means it's neither the fastest charging nor the longest journey in a luxury electric car, but it's still impressive. The engines are also impressive, pumping all four wheels.equivalent to 544 hp. This means that when you're not sitting in the back seat watching a movie and don't feel like cruising, you'll be pleasantly surprised. It's engaging and responsive for such a large machine. In addition, there areM version on the waysupposedly with 651 hp.

It's big and bold, but perfectly designed; It's clear that BMW's years and years of experience in this field have made this a luxury sedan of its own. But if it's a little too big, the i7's smaller sibling, the i4, rivals Tesla's Model 3 in size.


  • Road presence is second to none
  • Endless items for interiors
  • Four-wheel steering means it handles its size well.


  • this front grille
  • Touch is slower to load than rivals
  • options are expensive

Genesis Electrified G80

Best Luxury Electric Cars for 2023 | helm (20)


323 mil

Best Luxury Electric Cars for 2023 | helm (21)


65 000 GBP – 83 000 GBP

Again, another left field pick, but we love the underdog. BMW will sell a lot of i4s and a lot of i7s, but between the two sizes there's something extra special - the Genesis Electrified G80.

Electrified, because gasoline has been around for some time. But your electric brother is Aworthy competitor in this segmentand that you shouldn't assume or ignore.

Well-built, manageable, and more unique than you might think. The very competent and versatile electrified G80.

The range of equipment is very simple, just one variant: all-wheel drive aptly named "Luxury" with two engines of (equivalent to) 364 hp. Acceleration is therefore sufficient to 60mph in less than 5 seconds (though only slightly). This also means a very healthy maximum charging speed of 230 kW.Addition 200 miles of range takes just over 20 minutes. This makes the electrified G80 a luxury limousine in which you can easily live and drive hundreds of kilometers every day.

Lead? Well, to put it this way, if it had a more established emblem on the front, it would have lived up to expectations. incrediblyrefined at all speeds, extremely quiet and well balanced direct directionmeans that the electrified G80 ishe drives very well. The suspension setup can feel a touch on the hard side at lower speeds at times, but by no means is it bothersome or off-putting. Regenerative braking and single pedal modes are really smart and easy to learn.

Inside, it is in good contact with "luxury" panties. A 14.5-inch touchscreen, smart head-up display and leather, padded or unpadded, come standard with a range of available color options. It may lack a little room for rear passengers compared to competitors, butthis is probably a car you'd want to drive instead of driving. Many other extras were also provided: electrically heated front and rear seats with a massage function for the driver, dual-zone climate control, TV monitors for rear passengers and general cameras. But the Genesis also uses other technologies, such as a roof made of solar panels and vehicle charging for charging (meaning you can charge other electrical components from the car's battery).

Whatever your opinion of the brand, the electrified G80 is one big luxury electric car. Tempted? We are.


  • perfect sophistication
  • Great range and charging speed
  • A little cheaper than some competitors


  • It will likely depreciate faster than its rivals.
  • Rear height is not amazing
  • The brand is not as established as others in the UK (yet)

Rolls-Royce Espectro

Best Luxury Electric Cars for 2023 | helm (25)


320 mil

Best Luxury Electric Cars for 2023 | helm (26)


300 000 £ +

What if £60,000 isn't enough for a car? What if a legal third of a million burns a hole in your pocket? You are lucky.

The Specter is Rolls Royce's first all-electric car, which will reach first owners in late 2023.

Here's a fun fact: the Specter has the biggest door ever fitted to a Rolls Royce. Why? well the car isalmost 5.5 meters longand, like everything else, Rolls doesn't do things by halves. It looks impressive thanks to the expressive grille, massive alloy wheels and massive rear end. People may not hear you, but they will definitely see you coming. And wherever you look, from the mini "RR" logo embedded in the LED lights to the dazzling spirit of ecstasy emanating from the hood, it exudes wealth and status.

We could write anything about how its two engines workequivalent to 585 hp, will reach 60 mph in 4.4 seconds and can go 320 miles on a single charge. But ultimately none of that matters; Want to know if it's a good Rolls Royce? Don't they usually have great gas engines? Yes, before, but this car is new andall about quality and absolute luxury; performance data is not as important. Somefully electric rollerit was inevitable. After all, they've been chasing the silence for centuries - electric propulsion means they can actually catch up now.

Like all Rolls Royces, you can choose the Specter however you like with (literally) limitless options. One of our favorite ringtones is the noveltyheadliner with star pattern, which now extends to the doors, making the cabin appear to float in space.

This is quite suitable, in fact, because air springs, adaptive dampers and sonic resonators are installed here to reduce annoying vibrations. This means that we have no doubt that the Specter will be the quietest, richest and richestthe most convenient electric caron sale in the UK in 2023 and possibly beyond.

I just had to sell the house to buy it now...


  • It's a Rolls Royce, so exceptional quality is guaranteed.
  • unlimited customization
  • There is no other like it on the market


  • Let's be honest, the price means it's only for the elite.

In short

We have plenty of options for luxury electric vehicles in 2023, if something like this list goes through.

Fancy a little luxury but don't have £300,000 for a Spectre? Don't worry, at elmo we are constantly expanding the range of electric cars available as part of our monthly all-inclusive subscriptions.

Unfortunately, we don't have a Rolls Royce, but we do have some other great premium cars that you can use on a daily basis, such asAudi e-tronlubricantModel Tesla 3; check ourfull list of available cars.

If you're new to electric cars and not sure if one of them fits your lifestyle, try ourTool to check the suitability of electric cars.

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Best Luxury Electric Cars for 2023 | helm? ›

The good news is that the explosion of EV offerings in 2023 should allow for some choice, as well as bolstering supply for the oncoming demand. Despite low sales so far, the coming years should see an uptick in EV adoption as long as prices don't outstrip cost savings over fuel-powered vehicles.

What will be the best electric car in 2023? ›

Best Electric Cars You Can Buy in 2023
  • Porsche. Just because a car is electric doesn't mean it's boring. ...
  • 2024 Mini Cooper Electric. Mini. ...
  • 2023 Hyundai Ioniq 5. Hyundai. ...
  • 2023 Hyundai Ioniq 6. Hyundai. ...
  • 2023 Porsche Taycan. Porsche. ...
  • 2023 Porsche Taycan Cross Turismo. Porsche. ...
  • 2023 Audi e-tron GT. audi. ...
  • 2023 Kia EV6. DW Burnett.
May 12, 2023

Is 2023 a good year to buy a EV? ›

The good news is that the explosion of EV offerings in 2023 should allow for some choice, as well as bolstering supply for the oncoming demand. Despite low sales so far, the coming years should see an uptick in EV adoption as long as prices don't outstrip cost savings over fuel-powered vehicles.

Will EV prices go down in 2023? ›

Future Prices Over Time

We are at about $138 per kWh of EV batteries right now, and there was a brief rise in price from 2021 to 2023 due to supply chain shortages. These prices are going to go down from here, though.

Is it better to buy a hybrid or electric car in 2023? ›

Verdict – Hybrids are much cheaper

Unsurprisingly, hybrid cars are on average much cheaper to buy, lease, and maintain, but they will cost you a little more in annual fuel costs. As more and more companies adopt electric vehicles at scale, we should see these prices fall.

What are 3 disadvantages to an electric car? ›

Disadvantages of Electric Vehicles - cons
  • Finding a Charging station - EV charging stations are fewer and further between than gas stations.
  • Charging takes longer.
  • The driving range on a full charge.
  • Higher Initial Purchase Cost.
  • Replacing the Batteries is Expensive.

What will be the cheapest EV in 2023? ›

2023 Chevrolet Bolt EV LT—$27,495

The Chevrolet Bolt EV is the cheapest EV out there for 2023. Its $27,495 starting sum nets a 200-hp front-mounted electric motor that's powered by a sizeable 65.0-kWh battery pack. No matter the trim, all Bolt EV models are EPA-rated to travel up to 259 miles on a full charge.

What is the wait time for electric cars? ›

According to our research, waiting times currently stand at an average of 21 weeks; down by 20% (from 24 weeks) since the same time in February and a staggering 42% (35 weeks) from the peak in October 2022.

What car company is going all electric by 2024? ›

The Jaguar side of the company has already made waves with its Tesla-fighting electric SUV, the I-Pace, and the company says the Land Rover side will have its first EV model by 2024. (Learn about the 2023 Land Rover Range Rover Sport.)

Should I buy a car now or wait until 2023? ›

Americans planning to shop for a new car in 2023 might find slightly better prices than during the past two years, though auto industry analysts say it is likely better to wait until the fall. Since mid-2021, car buyers have been frustrated by rising prices, skimpy selection and long waits for deliveries.

Will EV tax credit continue in 2023? ›

Federal EV Tax Credit 2023: How it Works

For EVs placed into service in 2023, the up to $7,500 EV tax credit is extended for 10 years — until December 2032. The tax credit is taken in the year that you take delivery of the EV.

Will EV prices go down in 2024? ›

When will the change happen? According to researchers based at Pittsburgh's Carnegie Mellon University, electric car battery prices will probably fall to the desired range (under $100 per kilowatt-hour) by 2023, 2024, or 2025. Many auto industry gurus are convinced that it will happen by 2025.

Will an EV last 15 years? ›

Of the EVs like some Tesla models and the Nissan Leaf that have been around for more than eight years, very few of the batteries have been replaced, implying that the lifetime of an EV battery, with proper care, could be more than ten and perhaps as much as 20 years.

Why I won't buy an electric car? ›

Although tax breaks could help with the overall cost, 36% of Americans say their major concern is price — this is followed by a lack of charging stations (24%) and driving range (12%). With the average price of an EV at $58,725, income level could be a major barrier to ownership.

Who qualifies for the new EV tax credit? ›

As of 2023, vans, SUVs and pickup trucks must have an MSRP, or manufacturer's suggested retail price, of $80,000 or under to qualify for the credit. Other vehicles, such as sedans and passenger cars, are capped at $55,000. For used vehicles, the price cap drops to $25,000.

Why choose a hybrid over an electric car? ›

Electric models rely completely on their batteries to power them, while a hybrid model uses the battery to enhance its fuel economy. Electric models also receive the highest tax incentives and need to be charged, while hybrid models passively regenerate their battery.

Do hybrid cars last longer than electric cars? ›

Since hybrids have both regenerative batteries and a fuel engine, both are used proportionally less — meaning both are likely to last longer. Roughly speaking, though, hybrid car drivers can expect to drive their car from anything between 5 and 15 years if suitable maintenance is carried out on them.

Are electric cars cheaper in the long run? ›

The 2021 study compared vehicles of multiple sizes and found that while the total cost of ownership over 15 years is similar between electric vehicles and their gas-powered counterparts, electric vehicles are slightly cheaper to operate per mile.

What is the biggest problem with electric cars? ›

From battery issues to software and electronic problems, there are a variety of potential problems that are arising with electric vehicles. In a survey by consumer testing site Which, it was found EVs are the least reliable fuel type and spend longer off the road than other cars when they need repairs.

Why are electric cars not the future? ›

Electric-powered cars are not on the road to a renewable and clean future. They are powered by lithium-ion batteries that will pose a real threat to the environment if continued to be manufactured at the rate of current gasoline-powered cars.

How much does it cost to replace a battery on an electric car? ›

The data at this time is limited, as only a small number of EV models have been on the market long enough to warrant a battery replacement. On average, you can expect the replacement cost of an electric car's battery to run from $5,000 to upward of $15,000, according to an article from Consumer Reports.

Will electric cars ever come down in price? ›

A 2021 analysis from Bloomberg New Energy Finance predicted that “Electric vehicles should be cheaper to buy on average than combustion vehicles in about five years, without subsidies” as economies of scale make production cheaper.

How do I claim $7500 EV tax credit? ›

How do I claim the EV tax credit? To claim the tax break, known as the Qualified Plug-In Electric Drive Motor Vehicle Credit, you will need to file IRS Form 8936 with your tax return.(You will need to provide the VIN for your vehicle.) You can only claim the credit once, when you purchase the vehicle.

Will EV cars hold their value? ›

Electric vehicles generally experience depreciation from the moment of purchase, with the most significant impact occurring within the first three years of ownership. There have been reports that EVs lose up to 52% of their value just after three years as compared to ICE vehicles' 39.1%.

Will gas cars go away? ›

California bans sales of new gas-powered cars by 2035.

Will electric cars last 10 years? ›

Generally, electric vehicle batteries last 10-20 years, but some factors may reduce their lifespan. For instance, batteries may degrade faster in hotter climates as heat does not pair well with EVs.

Do electric cars last longer than gas cars? ›

On average, electric cars can last around 200,000 miles or 12 years, which is longer than the lifespan of an average gas car (150,000 miles or 8 years).

What month do the 2023 cars come out? ›

Consider the Previous or Outgoing Model Year

You can also get a good deal by purchasing a new car toward the end of its model year, for example, a 2023 model in December of 2023. Traditionally, new model year vehicles start coming out in the previous year's fall.

Is Lexus going all-electric? ›

Lexus plans to go fully electric in North America by 2030 and fully electric globally by 2035. That doesn't just mean no traditional fuel-burning vehicles. It means no hybrids, either. Lexus's commitment states that it will sell only BEVs by 2030 and 2035, respectively.

What year does Biden want all cars to be electric? ›

As part of President Biden's goal of having 50 percent of all new vehicle sales be electric by 2030, the White House is announcing public and private commitments to support America's historic transition to electric vehicles (EV) under the EV Acceleration Challenge.

What month is best to buy a car? ›

In terms of the best time of the year, October, November and December are safe bets. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. All three goals begin to come together late in the year.

Will car prices be normal in 2023? ›

Fortunately, 2023 is going to be the year that prices finally drop. Based on recent industry data, April 2023 was the second month in a row that the average transactions on new cars fell below MSRP in nearly two years, and manufacturer incentives increased.

What is the vehicle forecast for 2023? ›

Total new-vehicle sales for May 2023, including retail and non-retail transactions, are projected to reach 1,337,700 units, a 15.6% increase from May 2022, according to a joint forecast from J.D. Power and LMC Automotive.

Will Tesla get $7,500 tax credit in 2023? ›

On January 1, 2023, the Inflation Reduction Act of 2022 qualified certain electric vehicles (EVs) for a tax credit of up to $7,500. Qualifications include: Customers must buy it for their own use, not for resale. Use the vehicle primarily in the U.S.

What is the income cap for EV tax credit 2023? ›

In addition, your modified adjusted gross income (AGI) may not exceed: $300,000 for married couples filing jointly. $225,000 for heads of households. $150,000 for all other filers.

What cars will qualify for EV tax credit in 2023? ›

Which EVs qualify for tax credits?
  • Cadillac LYRIQ, 2023-2024 (MSRP limit: $80,000)
  • Chevrolet Bolt/Bolt EUV, 2022-2023 (MSRP limit: $55,000)
  • Ford F-150 Lighting (Extended Range Battery) + F-150 Lightning (Standard Range Battery), 2022-2023 (MSRP limit: $80,000)
  • Tesla Model 3 Performance, 2022-2023 (MSRP limit: $55,000)
Apr 28, 2023

Will 2024 be a good year to buy a car? ›

Your purchase may become more affordable to finance than it is now. Waiting until 2024 also means there's a good chance the car manufacturer of your desired car model will replace it with a newer one. As a result, there will be better performance capabilities, improved fuel efficiency ratings, and other new features.

What is the point of sale EV in 2024? ›

Starting in 2024, the EV tax credit will essentially convert into a point-of-sale rebate. The tax credit applies to 30 percent of the cost of a used EV, up to $4,000, on a vehicle with a maximum MSRP of $25,000, weighing no more than 14,000 lbs.

Will electric cars get cheaper in 2025? ›

The EV-ICE price gap gets narrower every year, and Bloomberg predicts that EVs will be cheaper to buy than comparable gas cars by 2025 — but for now, electric cars still have much higher MSRPs.

What is the 2025 electric car rule? ›

The rule seeks to increase the offerings of battery-powered and hybrid vehicles starting with the 2025 model year by requiring manufacturers to comply with California standards currently in force for low- and zero-emission vehicles. Lambert said the state's auto dealers don't oppose electric vehicles.

What happens to electric cars after 8 years? ›

Yes, when EV batteries reach the end of their working life, they will be recycled. In the US, when the typical 8- to 10-year battery warranty has expired, most EV providers can reuse the batteries for a second or third time.

Do electric cars lose charge when parked? ›

Batteries and charging pose the biggest question to those new to electric cars. One that keeps coming up is “do electric cars lose charge when parked?” The answer is yes, but very slowly. We delve into EV battery discharge rate below, explaining what it is, why it happens and what you can do to prevent it.

Should we move to all electric cars? ›

Fewer gas-powered cars and more EVs on the road will ultimately lead to cleaner air and a healthier environment for us all. Swapping out your gas-powered car for an electric car is a great way you can reduce your transportation emissions and help fight climate change.

Why are people rejecting electric cars? ›

Price and charging were the biggest reasons survey respondents rejected EVs. Of those "very unlikely" and "somewhat unlikely" to consider an EV, 49% cited both "lack of charging station availability" and "purchase price" as reasons for their disinterest in EVs.

Can I get EV tax credit twice? ›

How Many Times Can You Claim the Electric Vehicle Tax Credit? You can only claim the credit once for each qualifying vehicle. The tax credit must be claimed in the year when you purchased and began to use your new fully electric or plug-in hybrid model car or fully electric two-wheeled vehicle.

Can you claim EV tax credit every year? ›

The credit is limited to 30% of the vehicle's purchase price. You can claim the credit once every three years.

How much do you need to make to get EV tax credit? ›

To claim the credit, the purchaser's adjusted gross income cannot exceed $150,000 for the year for singles, $225,000 for heads of household, or $300,000 for married filing jointly to prevent wealthier Americans from taking advantage of additional tax savings.

What's the next best electric car? ›

Comparison of the best electric cars for 2023
NameMax range (mi.)
Best large EV2023 Porsche Taycan246
Best subcompact electric SUV2023 Hyundai Kona Electric258
Best small electric SUV2023 Tesla Model Y330
Best midsize electric SUV2023 Mercedes-Benz EQS SUV305
7 more rows

Which electric car will last the longest? ›

2023 Lucid Air: 516 Miles

Taking the EV driving range win is California-based Lucid Motors. Its top-spec Air sedan has the highest EPA-estimated range of any electric car sold today. With an EPA-estimated 516 miles of range, the Air Grand Touring with 19-inch wheels is the Lucid with the longest legs.

What is the most successful electric car brand? ›

1. Tesla. With a market cap of over $580 billion, Tesla is the largest EV manufacturer in the world. There are various attributes that differentiate Tesla from other automakers, but the most notable is its supply chain.

How many years will an EV last? ›

Generally, electric vehicle batteries last 10-20 years, but some factors may reduce their lifespan. For instance, batteries may degrade faster in hotter climates as heat does not pair well with EVs.

Is 2024 a good time to buy a car? ›

Generally, higher inflation means less buying power for the money you saved today. It also means higher loan rates that you need to finance your purchase. With the high inflation now, it may be wiser to wait until 2024 to buy a car when inflation will likely be lower.

Do electric cars lose value faster? ›

The simple fact of that matter is that modern EVs hold their value far better, depreciating a lot less than modern petrol or diesel cars. Electric car depreciation may not be as scary as you think: On average, electric cars depreciate by up to 50% of their original value, after three years and 36,000 miles of driving.

Will electric cars last longer than gas? ›

On average, electric cars can last around 200,000 miles or 12 years, which is longer than the lifespan of an average gas car (150,000 miles or 8 years).


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