The Best Luxury All-Electric Cars of 2024

When it comes to choosing the best all-electric car, it’s essential to weigh the benefits against the cost. The Tesla Model X stands out as a premium option worth splurging on if you seek top-tier technology and luxury. Tesla Model X is the best overall in terms of range, EV technological offerings, and charging infrastructure.

SPLURGE – Tesla Model X

Priced between $100,000 and $120,000, the Model X justifies its hefty price tag with impressive EV Technology. Tesla’s Model X’s  EV battery technology allows at home charging or using Tesla’s extensive Supercharger network. However, with its advanced battery technology, it also comes with pretty pricey battery replacement costs. 

With an impressive EV range of 326 miles, the Model X reduces range anxiety and the need for frequent charging stops. Tesla’s Superchargers can add up to 175 miles of range in just 15 minutes, making long road trips practical and convenient. The Tesla X cost per mile is $0.0442, which is significantly less than that of an average gas car in America at $0.14 

With the purchase of a Tesla, there also may be benefits eligible with a purchase. Although Tesla has surpassed 200,000 vehicle caps, which phases out federal tax credits for new purchasers, there are other benefits new buyers may be eligible for. Check official sources and Tesla’s website to see if you qualify for EV benefits.

Pros: Long driving range, Advanced technology, spacious interior, unique features, fast chargeCons: High price, Build Quality Issues, Supercharger network dependency

SAVE – Ford Mustang Mach-E

For those who seek value without compromising on quality, the Ford Mustang Mach-E is an excellent choice. With a price range of $30,000 to $65,000, the Mach-E offers impressive features at a fraction of the cost of luxury models like the Model X.

The Mach-E delivers a solid range of 320 miles. The Mach-E supports fast charging, allowing for a quick recharge on longer trips. With a standard Level 2 electric car charger, the Mach-E can be fully charged up to 300 miles overnight. For faster charging, using a DC fast charger can recharge the Mach-E from 10% to 80% in approximately 38 minutes. The Mach-E offers competitive driving ranges that can meet the needs of many drivers, alleviating range anxiety and making it suitable for daily commutes as well as road trips. The Mach-E cost per mile is $0.0429. 

The Mach-E offers more interior space and versatility compared to traditional sports cars. Its five-passenger seating capacity, ample cargo space, and available electric all-wheel drive make it a practical choice for families.

The Mach-E also qualifies for Federal Tax Credit. However, the vehicle must meet specific criteria, including battery capacity and final assembly location so it is important to check your eligibility before purchasing.

Pros: Cost efficient, Long range, modern technology, battery customizability, practical interiorCons: Less cost efficient for upgrades, average charging time, less developed charging network

PASS – Porsche Taycan

With a price tag ranging from $100,000 to $200,000, the Porsche Taycan demands a significant investment that doesn’t necessarily translate to superior value.

The Taycan’s range is its most glaring drawback, offering only 235 miles on a full charge. This is significantly less than both the Model X and Mach-E, which means more frequent charging stops and potential anxiety on longer trips. However, the cost per mile is cheaper than its competitors at $0.039. 

The EV charge time of the Taycan may sway buyers to purchase this vehicle. With the highest battery upgrade, the Taycan can charge from 10% capacity to 80% at the highest setting, taking 18 minutes. The Taycan Performance Battery has the quickest EV charge speed on the market. 

The Taycan qualifies for federal tax benefits if the model meets specific criteria, including battery capacity and final assembly location. 

Pros: quick charge time, advanced features, stylish, great performanceCons: High price, limited interior space and cargo space, lower driving range, heavy 

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