Buy or Lease an Electric Vehicle

Impact
Cost
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Why drive an EV? EVs reduce your emissions, are fun to drive, and are less expensive to operate and maintain. And there are a lot of great choices on the market right now, from SUVs to pickup trucks to sedans, with many more introduced every year. Visit  PlugStar to get a list of the vehicles that are available for purchase today. 

New to EVs? This primer provides a great introduction. Or you can watch this great EV 101 webinar (passcode T%Ru?5Ji) presented to Melrose residents on February 15, 2023 by Anna Vanderspek of Green Energy Consumers Alliance.

How much does an EV cost? Well, about the same as a gas car, but we are also partnering with DriveGreen, a division of the Green Energy Consumers Alliance that arranges very substantial discounts with local car dealerships for purchase or lease of many brands and models of EVs. These deals change every month, so be sure to check often. On top of that discount, the State of Massachusetts offers rebates from $1,500-$3,500. There are also Federal tax credits up to $7,500. There is more info under the Deep Dive tab.

Want to lease?  DriveGreen negotiates very favorable lease deals with local car dealerships as well. These deals change every month, so be sure to check often. If you lease a car, the leasing company gets the federal tax credit, which is why several dealers are offering attractive leasing options.

Make it even better by using renewable sources for your home electricity source and charging your car at home. If the electricity that runs the car is generated by renewables, then you have taken an even bigger step to limit emissions.

  1. If you’re new to electric vehicles, learn the facts and myths about EVs here.
  2. Use the  PlugStar Shopping Assistant, an interactive online guide of models that helps you decide which vehicle is right for you by having you answer a few questions. 1) how many miles you drive per day; 2) what type of long trips you make; and 3) how much passenger and cargo space you need?
  3. Once you know which models you're interested in, go to the  Green Energy Drive Green website to see if they have any good deals at the moment. Green Energy has arranged with local car dealerships to provide large discounts for purchase or lease of many brands and models of EVs. These deals change every month! Also, don't assume the dealers will offer you these deals. You need to bring the deal to them. (Handy benefit: you can skip the sales pitch by showing the unbeatable DriveGreen deal.)
  4. Test drive some cars at the dealerships to narrow down your choice.
  5. Let us know how your shopping and buying experience was by leaving a Testimonial under the tab above.
  6. If you buy a plug-in hybrid EV you can get away with plugging into a 120V outlet to charge your car overnight. But if you want to charge a fully electric EV at home, consider installing a Level II charger. More information can be found here. If you live in an apartment or condo without a charger, just use one of the 16 public chargers located throughout Melrose!

Emissions, anyone? In Melrose, transportation accounts for  a whopping 39%  of our greenhouse gas emissions. Electric vehicles, in combination with renewable, carbon-free electricity generation, can dramatically reduce your greenhouse gas emissions because they have lower lifecycle emissions than gas-powered cars, even after accounting for extra emissions from battery manufacturing. (Buy 100% renewable electricity at a small premium with Melrose Community Power 100% Local Green.)

With a renewably-powered EV, the only source of emissions comes from the manufacturing process. If the electricity comes from fossil fuels, driving an EV is obviously not entirely pollution free. Still, according to the Union of Concerned Scientists, EVs and plug-in hybrids have a much smaller carbon footprint than conventional cars no matter what the source of the electricity.

There are a lot of great choices on the market right now, from all-electric to hybrids with plug-in options. They're fun to drive with their great acceleration and low center of gravity which improves handling. And they’re cheaper to run. According to the US Department of Energy, electric vehicles can save as much as $1,200 per year in fuel costs. On top of that, EVs have fewer moving parts and are therefore much cheaper to maintain: they do not need oil changes, and have no transmission fluids, fuel pumps, timing belts and many other moving parts.

Range anxiety? Fully electric vehicles are constrained by their battery capacity, but the battery range improves by the year. For example, the popular Tesla Model 3 has a range of up to 358 miles, and the network of charging stations keeps expanding, with many apps that help you locate public charging stations and whether they have a free charger available in real time. There are, for instance, over 1,300 Tesla Supercharger Stations in North America with plans to triple that amount in 2 years (these can't be used by other makes, though). Most chargers are located conveniently at restaurants or roadside rest stops. Melrose has 16 public charging stations throughout the city, and some of the larger apartment buildings have begun adding EV chargers for their tenants and guests.

You can plug your car into any standard 120V outlet, but many EV owners install a Level II 240 volt charger at home, which speeds charging time up to 6x. Equipment plus installation of these chargers cost in the range of $1,000 to $1,200 and the cost is tax deductible. In addition, National Grid will reimburse residential customers up to $700 for installation of the charger, and customers with a low-income discount rate (R-2) will be reimbursed even more, plus receive a rebate for the charger. Learn more about National Grid's Residential EV Charging Infrastructure Program here.

Rebates. Qualifying battery electric vehicles and fuel cell electric vehicles are eligible for a Massachusetts rebate of $1,500 - $3,500 through the MOR-EV program. Many electric vehicles also qualify for federal income tax credits of up to $7,500. The amounts depend on the battery size of the vehicle, the model, and, of course, your tax liability.  Also, the Inflation Reduction Act, which was signed into law on August 16, 2022, imposes some strict "Made In America" requirements that make it difficult to determine whether an electric vehicle is elegible for a federal tax credit. On April 17, 2023 the IRS released the criteria that electric vehicles must meet in order to receive the federal tax credit. Check here for the latest on which vehicles qualify, and the dealer will advise you as well. Tax credits and rebates are available to car purchasers only.

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