All News

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. 

  1. 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. 

  2. Low maintenance: EVs require less maintenance due to fewer moving parts like engines, transmissions, and oil. 

  3. 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.

  4. 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.

  5. 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.  

Inserting image...Inserting image...