A key benefit of converting to an electric vehicle, which few classic car owners can argue with, concerns fuel costs. Most classic car owners recognize that older cars are not the most fuel efficient.
By converting a classic car to an electric one, you can charge it at home and avoid frequent trips to the gas station. Depending on the electric motor you choose, you’ll have a decent range for leisurely rides.
Of course, you need to consider the cost of the conversion and the estimated fuel economy, which we’ll talk about later in this guide.
Why think twice before converting a classic car to an electric one?
You’ve learned about the benefits of converting your classic car to an electric one, so now it’s time to take a look at the downsides. Converting electricity is risky and costly, and you should consider the following before making a decision.
The cost
Converting an old car to an electric one is a costly project. So, even with the potential cost savings we mentioned earlier, it will take a long time to recoup your investment and experience the financial benefits.
While it is impossible to give an exact figure, research has yielded a few rough figures that may give you an idea of the cost of converting your classic model to an electric one – we have listed them below:
Buy an electrical conversion kit – some companies offer ready-made conversion kits that cost between 4500 and 7500 Euros. This is only for the kit and does not include any additional costs such as tools or professional help.
Ask a professional to do the refurbishment – there are many firms offering a full range of services in this direction, according to which they perform every element of the work. The costs vary greatly, but you should expect between € 12,000 and € 50,000 depending on the size and complexity of the project.
Buy individual parts and do it yourself – this is the cheapest, but also the most difficult way.