Electric Vehicle

Over ten years’ time, an EV will save an average American household $4,000 to $6,000 in fuel costs alone. With fewer parts to break down, EVs also cost less to maintain.                  

Tax credit: Used EV: $4,000, New EV: up to $7,500

Cost:  $10K+ used; $29K - $100K+ new                          

Rebate: None but the tax credit is deducted from the sales price at the car lot. You might also get the tax credit on a leased car if you shop around.

Do now: Note how far you drive each day. This enables you to determine your requirement for range (miles between charges).    

Learn more (source: Rewiring America)

Ready to switch?

• Download a fact sheet on eligibility for the tax credit and a list of models that qualify for the rebate. (source: Credit Care Partners)

• Download a fact sheet on choosing and installing a home charger as well as finding a public charging station. (source: Credit Care Partners)