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Save Money with an EV

When you drive an Electric Vehicle (EV), you can save money at the pump, on the road, in the garage and on your taxes.

Reduced Fuel Costs

Electricity is cheaper than gasoline, so it costs less to fuel an EV than a gasoline powered car. The average American would save about $135/year by driving an EV, compared to someone who drives a gas powered car.*

Or, you could consider installing a solar array to charge your EV, which could offset any charging costs, as well as granting you energy independence and eliminating any fossil fuel emissions.

Reduced Maintenance Costs

Battery electric vehicles eliminate the need for oil changes, the most common type of maintenance performed on a gas-powered car. They also have fewer moving parts, which leads to less wear and tear on the vehicle, reducing maintenance costs and eliminating trips to the mechanic shop.

Increased Efficiency

Gas-powered vehicles convert roughly 17 to 21 percent of the energy used into power. EVs are much more efficient, converting anywhere from 59 to 62 percent of the energy into power.

More efficient use of energy means more savings in your pocket.

Incentives and Credits

The US Government, as well as some state governments, offer tax credits, rebates and incentives to help support the adoption and use of EVs. You can potentially save thousands of dollars by adopting an EV.

Visit the Department of Energy website to learn more about the offers and incentives available to you.

*The average EV uses 30 kWh/100 miles. Cost estimate uses average gas price in Massachusetts as of June 2019 ($2.70/gallon) and 22.5 cents/kWh for electricity. Average American driving statistics from US Department of Transportation Federal Highway Administration.