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The modern age has presented numerous technological advancements to make our lives easier on a daily basis. One innovation that we feel passionate about at Patrick Volvo Cars is the advent of electric vehicles (EV) and plug-in hybrid vehicles (PHEV). We strive to make the world a better place and EVs play a role in helping us doing just that by minimizing our collective carbon footprint on the earth. For those who may not know much about EVs and PHEVs, we’ve compiled a list of some pros of going electric.

 

 

·        Electric vehicles are better for the environment

o   Because EVs do not run on gasoline, these vehicles do not produce any emissions. This is due to the vehicle not having an exhaust system. With no emissions, this means that EV’s can help achieve cleaner air and fewer greenhouse gases overall. In addition to being better for the environment. EV’s are also more energy efficient as well.

·        Electricity is cheap and renewable

o   EVs can be powered naturally with renewable resources, obviously one of them being electricity. Additionally, electricity is cheaper than gas with EVs typically costing about one-third of the cost of gas-powered vehicles to run as well.

·        Less expensive and frequent maintenance

o   Car maintenance is often a thorn in the side of many gas engine car owners. Owning an EV takes the majority of that stress out of your life due to the vehicles themselves having much different components that do or do not need to be worked on. For example, without a gas powered engine, there is no need for oil changes. EV’s are also usually easier on brakes as they utilize regenerative braking.

·        Tax credits

o   Original owners of EVs can also receive credits on tax returns for simply owning an EV. Some car owners can get up to $7,500 in credit in some states for certain cars. State incentive programs for Electric vehicles vary in their scope and applicability. While tax incentives are most frequently mentioned, rebates, HOV access, toll reduction and sales tax exemptions are also offered. States currently offering tax incentives include California, Colorado, Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Pennsylvania, Oregon, and Washington DC – however the list is always changing. These state tax incentives currently range from $500 to $5,000. Please consult your knowledgeable financial planner or tax specialist to determine how the state and federal incentive may apply to you.

All in all, getting into an EV is a win-win for you and Mother Earth. You get into a new, innovative and environmentally conscious vehicle that doesn’t sacrifice performance or luxury. At Patrick Volvo Cars, we have numerous options for you to choose from with options ranging from Sedans to SUV’s. The future is clean at Patrick Volvo Cars, click here to learn more.