The Expert Podcast

…Okay electric vehicles are coming on strong. New data from the automotive industry shows that 10%. Of new vehicles sold in 2022 were EVs. It's a big deal. That's getting to be more of a critical mass when there's one or 2%. That's kind of a very slim. Margin almost a rounding error for the car market. Now that you're a 10% and presumably 2023 will be higher. Electric vehicles are a significant portion of the new cars sold…What does that mean for you Even if you don't have an electric vehicle? It's going to change some of…the automotive. Driving experiences and resources in the marketplace. For example you might see more charging stations at gas stations Shell oil has bought up an Evie charging company for 169 million. What does that tell you? They are. be putting some of these charging stations at gas stations. Another thing you might want to do is any time you're upgrading something at your house that requires electrical. Go ahead and put a charger in your garage even if you don't have an electric vehicle. Many times the cost of adding an Evie charging circuit a two 20 circuit is the labor of you already have an electrician there or if you're already moving something around in your garage. Adding that. Charging port It's really just a plug. Is very minor. The cost of the hardware is very minimal You can buy. You know four five or six feet of, you know Are, number two wire you can buy the little plug the 220 plug and a bracket for less than a hundred dollars. The hard part is the labor of hooking it up to your…breaker box or your service box. If you have an electrician out already if you have all the parts you can even Mount it on the wall run the wire just leave it dangling. You might be able to have that done cheap. at some point you're going to need it. Right. At some point you'll have an electric vehicle or even if you sell your house before you buy one, the next buyer is going to have one So having that, there might be an advantage The other thing you can do is start to look at your usage and your trips to see where are their charging stations? How many miles are you driving What range do you need? Because electric vehicles are increasing dramatically Look 10% of the market is a big deal. And. If you have gasoline vehicle or both of your vehicles or gasoline, starting to anticipate how electric vehicles are going to impact your life. It's an important thing to do because it might help you decide where you're going to live. what activities you're going to partake in and even employment to make sure that it matches the EV future. Where gasoline vehicles are less common and even in the minority.