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Emerald Valley Electric Vehicle Association

Save Money with Electric Vehicles

While many people develop an interest in electric vehicles because of environmental concerns, and others are intrigued by the superior performance of electric motors over internal combustion engines, as purchase prices for EVs continue to fall the financial savings may become the reason most individuals, families, and business make the switch to EVs.

There are three main ways that EV's can save you money:

#1 - Federal, state, and local tax incentives for buying electric

FEDERAL tax credits of up to $7,500 are available for purchasing EVs.

OREGON offers a Clean Vehicle Rebate of up to $2,500 for purchasing new EVs. Here is a list of vehicles that qualify for this rebate.

OREGON also offers a Charge Ahead rebate of up to another $2,500 to low- or moderate income individuals purchasing a new or used EV. Find out if you qualify using this calculator. If your purchase qualifies for both rebates, you can combine them for savings of up to $5,000.

UTILITIES: Local incentives also sometimes occur. Presently, two local utilities - EWEB and EPUD - are collaborating to offer incentives to their customers. Click here to find out more about the EV-Drive program.

#2 - Lower fuel costs

In Oregon, it costs much less to drive a mile with electric power than it does to drive that same mile with gas or diesel. Most of that electricity is produced by hydroelectric dams, so there is very little pollution associated with driving electric.

There are many online tools for calculating the operating cost savings for electric vehicles. The Emerald People's Utility District (EPUD) offers a simple one that can easily be adapted by plugging in your own cost per kwh if your power is supplied by another utility.

#3 - Lower maintenance costs

EVs are far simpler and less expensive to maintain than comparable internal combustion vehicles. There is no engine oil and thus no oil changes. There are no spark plugs, fan belts, air filters, timing belts, head gaskets, or cylinder heads. Regenerative braking does most of the work stopping a car, so brakes last much longer. The federal Alternative Fuels Data Center provides a cost calculator allowing comparison not only of fuel cost, but also maintenance cost for EV's and conventionally-fueled vehicles.

Alternative Fuels Data Center Vehicle Cost Calculator