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Electric Vehicles  |  Costs and Benefits

Costs and benefits of EVs

Last updated 11/21/2019

Electric cars may be a relatively new technology, but they don't have to be a costly one. There are significant savings available to electric car owners, such as tax breaks, rebates, and other incentives – not to mention the reduced fuel costs. 

FAQ: Are there financial incentives for electric cars?

Yes! The federal government offers a tax credit for electric cars that is worth between $2,500 and $7,500, and many states and local governments have additional incentives for electric cars (or the installation of electric car charging stations).

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