With high gas prices taking their toll on all Americans right now, one might assume that electric vehicles would be among the best cars for bad credit buyers. However, a new poll from USA Today and Gallup has revealed that many consumers still have serious reservations about electric cars, despite the praise they've won from automotive critics around the world.
Now that the Chevrolet Volt and Nissan Leaf have officially arrived, buyers have finally gotten to see what all the hype is about. Yet there are still some major drawbacks to the cars that are holding them back from full adoption. In fact, the poll shows that 57 percent of drivers will not buy an electric car, no matter how high gas prices get.
Problems that consumers still see with the vehicles include range, charge time, the availability of charging stations and the cost of electricity to power the vehicles. The initial cost of these cars must be considered as well. Even after a $7,500 federal tax credit, they're still priced far higher than the most fuel-efficient gas-powered hatchbacks available.
That's a steep investment and major change in lifestyle for drivers seeking a new car. In addition, the high price of these cars may put them out of the range of those on a bad credit auto loan. Fortunately, many hatchbacks and crossovers are still relatively cheap, allowing even drivers with a poor credit history to purchase a car with great mileage.