More People Are Considering Electric Cars and Trucks As the Number of Brands and Models Surges in 2020

2020 will be a “watershed year” when it comes to the adoption of electric cars and trucks. By the end of this year there will likely be twice as many models of EVs being sold, including by the major automakers.

Mustang Mach E trunk under hood

Ford, for one, is now selling the Mustang Mach E, an electric crossover with up to 300 miles of range, selling for $43-50,000.  Tesla is now delivering its Model Y, a crossover built on the same platform as the successful Model 3. It too boasts a range up to 300 miles and sells for $43-56,000.  I predict it will be Tesla’s best-selling model so far.

Jaguar I-Pace

Mercedes is bringing its EQC 400 4-matic crossover to market this year, joining the already successful Jaguar I-Pace and Audi e-tron. Volvo is bringing to market the XC40 Recharge SUV, as well as the Polestar 2 sedan, which is marketed in partnership with the Chinese firm Geely.

Rivian platform for both its truck and SUV is cleaner than most because it has four motors, one in each wheel hub.

Rivian is bringing out both an SUV and its electric pickup this year. Instead of one electric motor between the front and rear wheels, it has a motor in each wheel hub, allowing it to do a “tank turn” – literally turn on a dime like a tank! Another electric pickup is coming next year from Bollinger, when the Tesla Cybertruck is also expected.

The Porsche Taycan is already in its second year of production.

Mini Cooper has already started selling its SE Electric. Hyundai is in the second year of selling its Kona electric, which has a 258-mile range and sells for just under $37,000. The latest Nissan Leaf has a range up to 226 miles for $38,200. Chevrolet continues to sell the Bolt.

Kelley Blue Book first drive – click on picture to see 5:26 YouTube video.

The newer brands of electric vehicles still enjoy the $7,500 federal tax credit plus the $4,000 Colorado tax credit, making them less costly than equivalent gas-powered cars.

Personally, I recommend buying used EVs, which are as good as new (because they have so few components that can fail), for under $10,000 to $30,000+.  Green Eyed Motors in Boulder specializes in the sale of used EVs and has 15 in stock as I write this, including several under $10,000 and this 2013 Model S Performance below, which probably sold new for $125,000. Asking price: $35,999.

https://www.greeneyedmotors.com/inventory/2013-tesla-model-s-performance/181059

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is Net Zero Energy since December 2017, and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills.

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