There are many different federal and state incentives to make the transition easier.
Calculators help you determine the total cost of ownership for an electric vehicle using your specific scenario. Not everyone has the same electricity rate, and not everyone will choose the same vehicle.
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The sticker price on a new electric vehicle may seem a deterent. Fortunately, there are many different federal and state incentives to make the transition easier.
PHEVs and EVs can reduce fuel costs dramatically because of the high efficiency of electric-drive components. Because PHEVs and EVs rely in whole or part on electric power, their fuel economy is measured differently than that of conventional vehicles. Miles per gallon of gasoline equivalent (mpge) and kilowatt-hours (kWh) per 100 miles are common metrics. Depending on how they're driven, today's light-duty EVs (or PHEVs in electric mode) can exceed 100 mpge and can drive 100 miles consuming only 25-40 kWh.
The fuel economy of medium- and heavy-duty PHEVs and EVs is highly dependent on the load carried and the duty cycle, but in the right applications, they can maintain a strong fuel-cost advantage over their conventional counterparts.