Inflation and high ticket prices for electric vehicles has made it especially daunting for car buyers wishing to go green. Are there any incentives for purchasing an EV right now?

Cox Automotive executive analyst Erin Keating joins Wealth! to give insight into whether or not it's truly a good time to purchase a new EV.

"EVs are actually holding steady even if Tesla (TSLA) is losing some share. We've got some great competitors that have been coming on to the market. Again, this is a powertrain transition, It is a powertrain alternative. People do need to consider what is their comfort level with managing an EV, but we shouldn't be afraid of it," Keating tells Yahoo Finance. "There are great incentives right now on EVs, there are good leasing deals on EVs."

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino