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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 EVs.

OREGON also offers a Charge Ahead rebate of up to another $2,500 to low- or moderate income individuals purchasing an EV.

Local incentives also sometimes occur.

EPUD offers a $100 incentive simply for registering your electric vehicle with the utility.



#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