Electric vehicles (EVs) produce lower lifetime emissions (even if the electricity is generated by fossil fuels) and have 60% of the maintenance costs, lower fuel costs ($1.35 per gallon-equivalent) and lower lifetime costs* compared to gas-powered vehicles.
EVs can easily accommodate the range requirements of most Americans (who on average travel less than 50 miles daily) and for homeowners at least, convenient overnight charging fills the “tank” by morning.
The largest source of CO2 emissions in the U.S. is transportation. Ideally, we’d all walk and bike more, or at least rely on public transportation. But given the long distances many New Mexicans travel this is not always practical. By driving electric we cut down on CO2 and reduce pollution that threatens the health of 45 million Americans who live close to busy roads and transportation hubs. Widespread transition to zero emission vehicles powered by clean electricity could save New Mexicans $3 billion in health care costs, 273 premature deaths, 7,380 asthma attacks and 32,300 lost workdays by 2050.
Driving an EV feels different. It is quieter. The acceleration from 0 to 60 is mind-blowing. Regenerative braking, which charges your battery, slows the car faster than coasting a gas-powered car.
An EV requires a change of mindset about fueling up – remembering to plug it in at night if you have a charger at home or having to stop more often on a road trip.
Here are some other points to consider.
EV technology, policy and incentives are changing fast. A very helpful organization for information about financial incentives, EVs and chargers is PlugIn America. Here are some other resources to stay in the loop.
Selected buying guides, car databases for sellers and buyers, and resources on loans, FAQs, trends and news.
We are not tax experts, so do not rely on this website for tax advice!