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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.

IPL EV Drive Cost Comparison 2