Savings and incentives
You can power an EV for the equivalent of about $1 per gallon of gasoline, which can make a big difference for your budget. In many cases, electric vehicles cost less to maintain than gas-fueled cars because they have fewer moving parts. You can wave goodbye to oil changes and the gas station.
Options may help you save
Federal incentives
- Tax credit for electric vehicles – up to $7,500; Consult your tax advisor or visit irs.gov
- Alternative Fuel Infrastructure Tax Credit – up to $1,000 for consumers or up to $100,000 for businesses; Consult your tax advisor or visit irs.gov
State & local incentives
Charging at night
It’s best to charge your car at night and on weekends when there is less demand for electricity.