What’s up with federal and state incentives for electric cars?
We believe electric cars are great. They reduce emissions by about 75-80% compared to gasoline cars. And they cost less to run because it’s cheaper to run on electricity than petroleum and they require less maintenance. But for the time being, without governmental incentives, the cost of the battery generally makes electric vehicles (EVs) cost a bit more upfront. So federal tax credits and state rebates are important for the next few years until battery costs come down a bit more. If you’re in the market for a new car and considering an EV (as you should!), here’s news you can use.