Are electric cars only for the rich?
No, electric cars are not only for the rich, and in fact there are dozens of models available for less than the average cost of a new car sold in the United States. There is also a rapidly growing used car market for electric vehicles, with many coming off of[…]
Are electric cars cheaper to drive than gas-powered cars?
Electric cars are cheaper to fuel because electricity is significantly less expensive than gas. EVs also require far less service and maintenance, making them cheaper to drive than their gas-powered equivalents when factoring the total cost of drivership. An authoritative 2020 study from Consumer Reports found that total ownership costs[…]
What is the electric vehicle tax credit?
The electric car tax credit is an incentive created by Congress with bipartisan support during the George W. Bush administration to support the purchase of electric vehicles. It can be claimed on individual tax returns the year the car was purchased, or alternatively can be claimed by the car dealer[…]
