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F.A.Q.
Are EVs more expensive than gas powered cars?
Electric vehicles are available at a wide range of price points, starting at $26,570 for the Honda Accord PHEV and $32,570 for the Nissan LEAF, a fully electric option. Lightly used EVs can go for as little as $16,500, but are dependent on the region and seller. Additionally, EVs are cheaper to power. The average gas-powered vehicle in the United States costs ~$0.13/mile to drive, whereas the average EV costs ~$0.05/mile to drive. Furthermore, EVs require less maintenance costs, as they eliminate the need for oil changes and rely on fewer components that require replacement.
How far can an electric vehicle travel?
Range is one of the most important stats you will need to compare when shopping for an EV. Early EVs had shorter ranges of around 80 miles, while many modern EVs have a range of 100+ miles, 240+ miles, and some longer-range models can travel up to 400+ miles on a single charge making them highly competitive with gas powered vehicles. When considering EVs, it is important to consider your mileage needs and daily driving habits. You can learn more at EPA’s range ratings where it is easier to compare EVs that are on the current market.
Are there any federal incentives for electric vehicles?
Yes, The Inflation Reduction Act provides tax credits of up to $7,500 for new electric vehicles and $4,000 for used electric vehicles. The Alternative Fuels Data Center has more information on the federal clean vehicle tax credit. This is a great resource for individual consumers, fleets, dealerships, and EV manufacturers.
Does Oklahoma have tax credits for buying an EV?
Yes, Oklahoma has a one-time income tax credit for buying a new electric vehicle. For passenger vehicles weighing 6,000 pounds or less, the maximum credit is $5,500. The state also offers a tax credit of 10 percent of a vehicle cost, or up to $1,500, when an EV is resold, provided a tax credit has not previously been claimed on the vehicle. Further information can be found on the IRS Clean Vehicle Tax Credit page. Oklahoma residents may also qualify for federal incentives.
Does Oklahoma Have Credits for Installing Home Charging Stations?
Yes, although they are offered through state utility companies rather than the state government. Check with your provider, such as OG&E or OEC to see if you qualify today!
Why are EVs good for the United States?
EVs promote U.S. energy independence because the fuel (electricity) is produced locally, thus there is no dependence on foreign oil. Gas and diesel fueled vehicles require the U.S. to invest heavily in foreign nations that mine, refine, and process oil.
