Savings and incentives
You can power an EV for about $1 per gallon of gasoline, which can make a difference for your budget.
You can also take advantage of tax credits, incentives and grants to help you switch to electric vehicles.
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
Charge at night
Set your vehicle’s time scheduling function to charge your car overnight at 10 p.m. when demand for electricity is lower.