Buy an EV, get a $7,500 tax credit

Still looking for tax benefits in 2017?

Plug-in electric vehicles (EVs) are now viable for most lifestyles and budgets with more than two dozen models now commercially available. If you buy a new, plug-in electric vehicle in 2017, you’re eligible for a federal tax credit of up to $7,500.

EV workplace charging 2017 MKR-15On average, fueling a car with electricity is roughly the same as fueling with gasoline at $1/gallon.  Nearly 600,000 Americans have made the switch to driving electric.

Plug-in vehicles offer a quiet, smooth and powerful ride. An electric motor provides full torque from a standstill and completely changes the experience of getting onto a fast-moving highway.

 The quality and driving range of electric vehicles have gone up while the prices have come down. The charging network has expanded greatly, and Alliant Energy has rebates for customers on fast charging stations for home and work.

EVs never require a trip to the gas station, tune-ups, transmission repairs, spark plugs or oil changes. Never smell like petroleum again. They have far fewer moving parts than gasoline cars. There is no engine, transmission, spark plugs, valves, fuel tank, tailpipe, distributor, starter, clutch, muffler or catalytic converter. There are a lot fewer things to break down, so maintenance costs are much lower.

EVs powered by the grid currently produce 54 percent less (lifetime) carbon pollution than gasoline cars. That could grow to 71 percent by 2050 as our power supply gets cleaner.

To get started researching electric vehicles, visit pluginamerica.org.

To view the map of 70,000+ charging stations in the U.S. and Canada, visit plugshare.com.

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