Can I afford an electric vehicle?

The sales price of a new electric vehicle (EVs) are trending downward. Overall, the total cost of EV ownership can be lower than comparable gasoline cars. Electric vehicles can also be affordably leased. Instead of being stopped by the initial price, consider these additional cost factors:

  1. Cheaper to fuel 
  2. Lower maintenance costs
    • EVs does not have oil, filters, belts, etc. to change.
  3. Available EV tax credits and rebates
  4. Increase number of used EVs coming to market
    • As new EV models are more readily available, used EVs are cheaper and may still have years of useful life
    • Executive Order N-79-2020 sets a state goal of banning the sale of new gas cars by 2035

Show All Answers

1. Can I afford an electric vehicle?
2. Can an electric vehicle meet my driving and/or hauling needs?
3. I live in an apartment complex that does not have any EV chargers. If I buy an electric vehicle, how can I charge it?
4. The new electric vehicles are nice, but the selection seems limited to compact cars. Are there different types (SUV, trucks, luxury, vans, sports cars, etc.) of electric vehicles to serve my needs?
5. Will an increase in EV ownership overwhelm the electric grid?
6. How do greenhouse gas emissions compare between manufacturing gasoline vehicles and all-electric ones?