Over 1.5 million electric vehicles (EVs) have hit the U.S. roads with more than 18 million anticipated to be on the road by 2030. They are the future of the everyday vehicle.
Start your EV education here. We're here to help you make an informed decision on whether an electric vehicle is right for you.
There are two types of EVs to consider if you want to get the full experience of driving electric:
|Plug-in hybrid electric vehicles (PHEVs)||Battery electric vehicles (BEVs)
|Powered by an internal combustion engine and electric motor that uses energy from an on-board battery||Uses a battery to store electric energy that powers the motor
|Plugs into an electric power source to charge on-board battery||Charges battery by plugging into an electric power source
|Can travel over 50 miles in all-electric mode and up to 500 total miles before refueling||Can travel more than 300 miles on one charge
|Reduces number of gas station stops, tune-ups, transmission repairs and oil changes, if used in all-electric mode||Removes the need for gas station stops, tune-ups, transmission repairs and oil changes|
Electric vehicles are on the path to take over the light-duty vehicle market. Here are just a few reasons why:
- Travel further. You can travel more than 500 miles in a PHEV without refueling or charging the vehicle. BEVs are achieving more than 300 miles on one charge. And that number continues to grow as technology advances.
- Lower cost to operate. On average, it costs half as much to drive an electric vehicle than it does a traditional gas-powered vehicle.
- Personal charging station. Not only can an electric vehicle cost less to operate, it can be charged in the convenience of your home with an EV charging station.
- Money savings. With less equipment under the hood, a more efficient motor and new technology, EVs require less maintenance, which saves money.
- Environmental impact. When a car runs on electricity, there are no tailpipe emissions. Reducing or eliminating tailpipe emissions allows us to live a cleaner and healthier life.
- Be seen as a forward-thinking green leader. Adopting EVs can help with corporate sustainability and position your company to be a green leader in the community.
- Create a cleaner work environment. EVs reduce direct emissions, which in turn creates a cleaner workplace.
- Save money. With an EV fleet, you can save money by paying less for fuel, maintenance and repair costs.
Did you know?
- Every 500 miles of gasoline-free driving is the equivalent of planting 119 trees in terms of emissions reductions.
- Progressively cleaner fuel mixes for electricity mean emission profiles for electric vehicles actually improve as they age.
- When a car runs on electricity, there are no tailpipe emissions, which helps with air quality.
Today, there are a number of electric vehicle types for every lifestyle:
- SUV/crossover (e.g. BMW X5 E, Tesla Model X and Y, Mitsubishi Outlander)
- Pickup Truck (e.g. Rivian Pickup, Workhorse W15, Ford F-150 (2020),)
- Sedan (e.g. Chevy Bolt, Honda Clarity, Tesla Model 3, Nissan Leaf)
- Minivan/wagon/van (e.g. Chrysler Pacifica)
- Sports car (e.g. Tesla Model S)
- Other (e.g. Audi A3 E-Tron, Cadillac CT-6)
You can save money with the $7,500 federal tax credit.*
A federal tax credit of up to $7,500 may be available for a new, qualified, plug-in electric vehicle. Dealers and manufacturers can roll the tax credit into lease packages, which might be an affordable means to experience what electric vehicles have to offer without a long term commitment.
* Tax credits are being phased out as sales volume increases. Timing varies by manufacturer.