How Buying an Electric Vehicle Saves You Money
Electric vehicles (EVs) are becoming increasingly popular for a variety of reasons: they’re more environmentally friendly, more technologically advanced, and even save you money. While EVs may have a higher purchase price than gas-powered vehicles, they can actually save owners money in the long run. Here’s how buying an EV can save you money:
Data shows that EVs cost $.05 per mile and gas cars cost $.15 per mile. On top of that, you won’t have to stop to refuel at the gas station, saving you extra time and money.
EVs are less complex, have fewer moving parts, and do not require oil changes, engine tuneups, or other common services for standard cars.
There are many incentives available for purchasing an EV, including discounts, rebates, and tax credits that can save you thousands of dollars. Depending on the state you live in and your financial situation, you could be eligible for even more EV rebates. You can even personalize your incentives with this savings calculator.
For California residents, here are some of the top incentive programs for new EVs:
Note: you’ll need to receive the grants before you purchase an EV.
- Clean Car For All (CCFA) – Up to $9,500 for New or Used if you retire a 15 year old gas car
- Clean Vehicle Assistance Program (CVAP) – $2,500-$5,000 for New or Used
- Drive Clean Assistance Program (DCAP) – $2,500-$5,000 for New or Used
- MCEv (For MCE customers) – $3,500 for New
- Drive Forward Electric (Peninsula Clean Energy Customers) – Up to $4,000 for Used
You can also compare EVs to learn more about current models and find the one that best fits your lifestyle and budget.
At Drive Clean Bay Area, we offer EV discounts in partnership with Cartelligent. Throughout the summer, we will provide rolling EV discounts on select EVs and Cartelligent always offers a $100 discount on their service fees when you mention Drive Clean.
To prepare for an EV, join one of our regular Zoom webinars to learn about incentives, current and coming EVs, and how to charge at home and on the road. Subscribe to our newsletter to stay informed of the latest vehicles, innovations, and financial incentives. We also offer several EV Guides as well as a comprehensive EV Buying and Driving Guide, designed to make switching to an EV as easy as possible.
Our next EV Discount Campaign will provide limited-time savings events with discounted pricing on a variety of new battery electric and plug-in hybrid vehicles. Sign up now to get notified when we announce this year’s EV Discount Campaign vehicles!