Electric Vehicle Offers & Information
Electric Vehicle Federal Tax Incentive up to $7,500
The federal government is offering a $7,500 tax credit for qualifying electric vehicles. The credit is $2,500 plus $417 for each kilowatt-hour of battery capacity in excess of 5-kilowatt hours.
- Plug-in Battery Electric Vehicles cost about 2 to 3 cents per mile to operate
- Gas/Diesel Vehicles cost around 15 cents per mile
- Electric Vehicles are generally better for the environment, especially where electricity is produced with hydroelectric (rather than coal).
Oregon State EV Rebate
Oregon is offering an electric vehicle rebate of $2,500 for vehicles with a battery capacity of 10 kWh or more and $1,500 for vehicles with a battery capacity of less than 10 kWh. Rebate is limited to the purchase or lease of a new electric vehicle or plug-in hybrid vehicle with a base MSRP of $50,000 or less.
Additionally, Oregon has created the “Charge Ahead” fund that offers additional rebates of up to $2,500 for low- and moderate-income drivers who scrap a car that is at least 20 years old and replace it with a new or used electric vehicle. These “Charge Ahead” rebates can be combined with the standard rebates to offer up to $5,000 towards the price of a new electric vehicle.
- $2,500 State rebate for purchase of select electric vehicles
- $2,500 additional rebate available for low to moderate income drivers who scrap 20+ year old fossil fuel-powered vehicle
- Rebate limited to new electric vehicle or plug-in hybrid vehicle with base MSRP of $50,000 or less.
Incentive Information
Consider Installing a Level 2 (240V) Electric Vehicle Charger
Level 2 electric vehicle supply equipment (EVSE) provides charging through a 240 V AC plug. Level 2 adds about 10 to 60 miles of range to a vehicle per hour of charging time, making it far more convenient than standard 120 V AC charging, which adds about 2 to 5 miles per hour of charging. Additionally, level 2 charging is a more energy-efficient method of charging, as most EV have on-board components that require additional electricity the entire time the EV is plugged in.
- Level 2 chargers are four to six times faster than using a standard home outlet.
- More efficient charging than standard outlet (120V) charging.
- Many units come with additional controls, such as timers and wifi connectivity.