Battery Electric |
Plug-In Hybrid |
Traditional Hybrid |
Fully electric cars offer the smallest environmental footprint and the biggest savings on maintenance and fuel. | Plug-in hybrids have a rechargable electric motor and a gas powered engine to extend range if needed. | Powered by an electric motor and gas powered engine. Hybrids recharge as you drive Tax credits and other benefits may not apply. |
Federal Tax Credit |
Local Incentives |
Cost of Ownership |
A federal tax credit up to of $7,500 is available on many EV models. | Even more savings from your state and/or utility company. | EV owners can expect to spend half as much on maintenance and repair. |
Fuel Up At Home |
Quick and Quiet |
CBest of Both Worlds |
Charge while you sleep, work, or at a growing number of public chargers. | Enjoy fast and smooth acceleration, better handling, and a quieter ride. | Plug-in hybrids provide electric range for short trips and gas-power for longer journeys. |
A federal tax credit of $7,500 is available on most EV models. Depending on where you live, state and local rebates and incentives may also be available. Check with your sales associate to find out if the model is eligible for rebates and incentives.
Other advantages of owning an EV include:
This will vary depending on the local price of electricity and gas and where you are charging (at home or public charger), but most EV owners can expect to save on fuel cost. A recent Consumer Reports study found the “typical EV owner who does most of their fueling at home can expect to save an average of $800 to $1,000 a year on fueling costs over an equivalent gasoline-powered car.”
Source: Benjamin Preston. October 08, 2020. EVs Offer Big Savings Over Traditional Gas-Powered Cars.
https://www.consumerreports.org/hybrids-evs/evs-offer-big-savings-over-traditional-gas-powered-cars/
A recent Consumer Reports study found “maintenance and repair costs for EVs are significantly lower over the life of the vehicle – about half – than for gasoline–powered vehicles, which require regular fluid changes and are more mechanically complex. The average dollar savings over the lifetime of the vehicle is about $4,600.”
Source: Benjamin Preston. October 08, 2020. EVs Offer Big Savings Over Traditional Gas-Powered Cars. https://www.consumerreports.org/hybrids-evs/evs-offer-big-savings-over-traditional-gas-powered-cars/
Gas powered vehicles offer a range of 300-400mi. Battery electric vehicles offer a median range of 250mi. For EV owners who charge at home, this is more than enough for daily use. For longer drives beyond the range of your vehicle, check a public charger map for charger availability along your route.
Yes, Level 1 and Level 2 chargers can be used at home. In fact, the standard 120V outlet supports a Level 1 charger. Level 2 chargers require 240V and can be installed by a licensed electrician. If you do not own your home, you may need to work with your property owner to install a Level 2 charger.
Most batteries will last between 100,000 and 200,000 miles when properly cared for. With battery technology continually advancing, that number should continue to increase.