Cost Comparisons for Electric Vehicles
No gas. No oil changes. No kidding.
Two types of electric vehicles (EVs) are on the roads of Indianapolis today: hybrids and all-electrics. Hybrid vehicles run first on battery power and then by gasoline if needed. All-electric vehicles run totally on battery power.
Most EV drivers who enroll in IPL’s EVX time-based rate for their EV charging needs can commute to work, regular activities and home again for less than $1 a day. In fact, compared to traditional vehicles, EVs can save drivers as much as $9 every 100 miles compared to the cost of gasoline.
Over the course of a year that really adds up. Plus EV drivers may be eligible for a $7500 federal tax credit for the vehicle purchase. For more information about federal tax credits for EVs visit this site: http://www.fueleconomy.gov/feg/taxevb.shtml.