If you’ve been on the fence about switching to an electric vehicle (EV), then this article can help! Here are FIVE benefits to consider when making the switch.
Low cost: It costs about 17 cents to drive one mile in an average gas-powered vehicle versus roughly 5 cents to drive one mile in an electric vehicle. You can save even MORE money by switching to LPEA’s Time-of-Use rate and charging your vehicle during Off-Peak hours.
Low maintenance: EVs require less maintenance due to fewer moving parts like engines, transmissions, and oil.
Convenience: Our little corner of the state offers three fast charging stations as part of Colorado’s EV Fast-Charging Corridor. Fast-charging stations are now in 34 communities along six corridors in Colorado, allowing travelers and locals alike to drive an EV anywhere in the state. Unlike standard level 2 EV chargers, which take 3 to 8 hours for a full charge, these level 3 DC fast chargers take just 30 minutes. Find more information on charging locations here.
Tax credits: All electric and plug-in hybrid vehicles that were purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. Check here for more information.
LPEA rebates: LPEA offers generous rebates for electric vehicle chargers:
Option #1 – Get a FREE Level 2 Electric Vehicle Charger from LPEA
- FREE Level 2 plug-in chargers for home use ($700 value each). Up to two chargers available per member, must have two EVs.
- Up to $500 (not to exceed 50% of costs before tax) for plug installation.
Option #2 – Purchase your own charger
- Up to $500 (not to exceed 50% of costs before tax) for the independent purchase of a Level 2 charger + installation costs.
If you are interested in learning more, Cortez is hosting a ride-and-drive event to help you get up close and personal with a few electric vehicle models.
LPEA also has great resources on our website if you’re interested in learning more about the benefits of electric vehicles.