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24/7 Wall St. Insights
- Many consumers are still resistant to buying fully electric cars.
- Each of the 15 EVs on this list can get at least 320 miles on a single charge.
Also, Discover “The Next NVIDIA”
Electric vehicles are the newest major shift in the automobile market, changing the future of how we operate cars. Electric vehicles first gained popularity as early as the 1900s. Around this time, notable inventors like Henry Ford and Thomas Edison worked on creating an affordable electrical car . However, the availability and affordability of the Model T rendered these early EVs irrelevant. A full century passed before Elon Musk's 2006 announcement that Tesla Motors would begin production of an electric sports car capable of traveling 200 miles on one charge. In 2010, two other brands jumped on the market, when the Chevy Volt and Nissan LEAF premiered in the U.S. Since then, several electric cars have hit the scene, with many of the top car brands seeking to profit off EVs.
When it comes time to buy a new car, many environmentally conscious minds are turning to electric vehicles. However, many are still resistant to buying fully electric cars, due to lack of convenient charging stations and high prices. One of the biggest reasons consumers previously shied away from all electric automobiles was the range offered by these non-gas-guzzling cars. Drivers feared they would suffer major inconveniences if they had to pull over and charge their cars in the middle of their day. That being said, electric cars have come a long way since the 2010s, when a range of 100 miles was considered fairly good. Now, the average range of an electric car is 300 miles .
Even though the share of Americans who currently own an EV climbed from 4% to 7% between 2023 and 2024, the share who say they might consider buying one in the future fell from 43% to 35% over the same period. Similarly, 48% of Americans now say they would not buy an EV, up from 41% last year.
Sticker shock is one of the leading explanations for stalled EV adoption. According to KBB, the average EV sold for $54,021 in March 2024, well above the $47,218 average transaction price across all new passenger vehicles. To offset higher costs, the federal government now offers a $7,500 tax credit for buyers of qualifying EVs. But high prices are not the only reason many Americans remain hesitant.
Unlike vehicles powered by traditional internal combustion engines, which take only minutes to fill at the pump, EVs can take a half hour or more to charge at a DC fast-charge station. Charging at home, meanwhile, can take anywhere from 4 to 14 hours, depending on the make and model of the vehicle.
Still, for those concerned about long charge times, there are many available EV models that are optimized for range -- allowing drivers to spend more time on the road and less time charging.
Using data from the Environmental Protection Agency and the Department of Energy , 24/7 Wall St. identified the electric vehicles that can go the farthest on a single charge. We reviewed more than 240 available EV configurations for the 2024 model year and ranked them on their government estimated range. For each nameplate, we only considered the longest-range configuration.
Each of the 15 EVs on this list can get at least 320 miles on a single charge. Five of these vehicles can go at least 400 miles fully charged, including one with a range of over 500 miles. These models are produced by legacy automakers, like Ford and General Motors, as well as newer industry names like Rivian and Tesla.
It is important to note that the EVs with the longest ranges are not necessarily the most efficient. EV efficiency is measured in kilowatt hours of electricity for every 100 miles, which can be converted into a miles-per-gallon equivalency, or MPGe. Of the 15 EVs on this list, seven have an EPA estimated combined highway and city efficiency rating of at least 100 MPGe. The least efficient vehicle on this list, the Chevy Silverado EV, has a combined rating of just 63 MPGe. Larger batteries with greater storage capacity allows less efficient EVs, like the Silverado, to achieve higher than average driving ranges.
While these EVs are generally more expensive than a typical internal combustion vehicle, they are also less expensive to drive -- and over time, owners can save thousands of dollars. In addition to federal tax credits, estimated fuel cost savings range from $3,750 up to $7,000 over a five-year period.
Why It Matters
![https://img.particlenews.com/image.php?url=2e8mDS_0vFSPWH400](https://img.particlenews.com/image.php?type=thumbnail_580x000&url=2e8mDS_0vFSPWH400)
As part of a broader plan to transition to a net zero carbon emissions economy by 2050, the Biden administration has set a goal of EVs accounting for 50% of the market by 2030. While federal tax incentives have made EVs more affordable for a larger share of the population, concerns over charging logistics remain widespread. For EVs to win in the marketplace, automakers are adding vehicles to their fleet that are capable of going several hundred miles on a single charge -- whether through improved efficiency or high-capacity batteries.
15. Polestar 2 ![https://img.particlenews.com/image.php?url=2w1Kph_0vFSPWH400](https://img.particlenews.com/image.php?type=thumbnail_580x000&url=2w1Kph_0vFSPWH400)
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