pixel

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:

Fuel

First, you no longer have to buy gas when you purchase a pure electric vehicle. Going electric generally decreases your fuel costs to around one-third of what you would normally spend on gasoline. 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.
Cars in line to get gas at gas station
Mechanic performing an oil change on a car

Maintenance Costs

The cost of maintenance for EVs over their lifetime is nearly half that of gas-powered vehicles. EVs are less complex, have fewer moving parts, and do not require oil changes, engine tuneups, or other common services for standard cars.

Incentives

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:

There are additional rebates and grants available if your income qualifies, some even for used EVs.  Note: you’ll need to receive the grants before you purchase an EV.

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 Preferred Pricing Program will run in November and 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 Preferred Pricing vehicles!