Are you ready to join the 550+ Concord residents who drive electric vehicles (EVs)? EVs are fun to drive, are quiet and have smooth powerful acceleration. They are also less expensive to run and so EV owners can expect to save about 50% on their fuel costs. And they have the added benefit of requiring minimal maintenance, without requiring oil changes etc. Even brake wear is minimal since most breaking is regenerative and doesn’t even require you to touch the brake pedal. Watch the video produced by the Town of Concord and the Concord Municipal Light Plant (CMLP) that explains the benefits of driving an EV, and check out the blog posts on Concord’s sustainability site our our testimonials page for experiences of other residents.
Buying an EV is one of the best ways to reduce your carbon footprint as transportation contributes as much as 40% of greenhouse gas emissions in Concord, mostly from passenger vehicles.
Concord residents: as CMLP electricity becomes more renewable, the emissions from EVs are getting much less over time. CMLP customers are entitled to additional discounts not available in other towns:
- EV Level 2 Program: $250 credit towards the installation of a Level-2 charger;
- EV Miles Program: $5-10 per month bill credit for not charging during peak hours.
Further information on driving electric for Concord residents is available here.
The State of Massachusetts has reinstated rebates for EV purchases! Qualifying battery electric vehicles (BEVs) and fuel cell electric vehicles are eligible for a $2,500 rebate. Plug-in hybrid electric vehicles (PHEVs) with an all-electric range of 25 miles or greater are eligible for a $1,500 rebate.
Some electric vehicles qualify for a Federal income tax credit up to $7,500 The amounts depend on the battery size of the vehicle, the model, and, of course, your tax liability. Tax credits and rebates are available to car purchasers only and are only available for the first 200,000 vehicles of any manufacturer. Tesla and General Motors have reached that limit and no longer qualify for rebates but all other manufacturers are still available.
But how much does an EV cost? After the discounts, EV costs are comparable to gas-powered cars, and may be cheaper over the lifetime of the car because running costs are lower. Check out the Drive & Save Wizard to compare costs of cars you are interested in with similar gas-powered vehicles. Also, check out DriveGreen, a program of the Green Energy Consumers Alliance that arranges with local car dealerships to provide very substantial discounts for purchase or lease of many brands and models of EV’s. These deals change every month so check often. If you would prefer to buy a used EV, the DriveGreen website also shows currently available models.
Want to lease? If you lease a car, the leasing company gets the federal tax credit, which is why several dealers are offering attractive leasing options. Additionally, DriveGreen arranges with local car dealerships to provide very substantial discounts for leases as well. These deals change every month so check often. If you need help selecting the right model for you, PlugStar is a useful car shopping tool from Plug-In America, a non-profit supporter driven advocacy group.