Does it pay off?
Fuel costs can be a significant expense. Given the considerable efficiency of EVs compared to internal combustion models, the cost per mile to fuel an EV is approximately one-third to one-quarter the cost of gasoline (on a cost per mile basis).
The U.S. Department of Energy offers a tool to calculate an eGallon considering all factors. An eGallon is the cost of fueling a vehicle with electricity compared to a similar vehicle that runs on gasoline.
And because EVs don’t have exhaust systems and don’t need oil changes, maintenance costs are reduced. To maintain an EV, just rotate your tires and keep them properly inflated. The first scheduled maintenance for an EV may be as distant as 150,000miles. (Example: Chevy Bolt)
State and Federal tax credits can offset the cost of your EV purchase. The Internal Revenue Service provides a credit for qualified EVs.
Green the Springs
EVs have a smaller environmental impact than conventional vehicles because they do not produce carbon and other emissions directly from their tailpipes. In fact, researchers estimate the average electric car has 54% lower lifetime emissions than a comparable internal-combustion model.
We understand that some EV drivers would like to make an even bigger environmental impact by finding alternative energy sources to provide electricity for fueling their cars. We offer our customers a rebate for installing rooftop solar providing you an opportunity to fuel your EV or fleet with renewable sources (with energy from the sun).
We are proactively investing in a cleaner, more diverse energy portfolio to power Colorado Springs. By 2035, about 30 percent of our energy will be from renewable sources while natural gas will make up the majority of our generation capacity.
Types of EVs
There are two types of EVs: All-electric and plug-in hybrid electric vehicles. To fully appreciate the technology of an EV, we suggest you test drive one at a local dealership.
All-electric vehicles depend solely on a battery for fuel and must be recharged when the battery is depleted. EVs plug into standard outlets or special charging units.
Plug-in hybrid EVs operate on both a battery and a gasoline engine. The car initially runs on power from the battery, and when the battery is depleted, they can continue to operate on gasoline. Like all-electric vehicles, plug-in hybrid EVs plug into standard outlets or special charging units.