Electric Vehicles offer Big Rewards


Nissan Leaf all Electric Vehicle
Nissan Leaf
All electric vehicles are the latest being offered by the big automakers around the world. The current market leading plug-in cars are the zero emission Nissan Leaf and the Chevy Volt hybrid. It will only cost $2.75 according to Nissan to fully charge the Leaf, and that will power the vehicle for 100 miles. The only problem being that the lack of available charging stations makes long distance travel problematic. This should be less of a problem as these new electric vehicles become widespread. Last year the Department of Energy released $115 million in grants to build charging stations across the country.
The Chevrolet Volt uses a hybrid electric/gas engine. This allows it to escape the limitations of an electric charging infrastructure but comes with an additional cost. The Environmental Protection Agency estimates that the first 40 miles in the Volt will cost a nickel, but if you need to go farther a gas-powered engine will kick in that will extend its range to almost 275 miles. Even then it will only cost a dime.
Chevy Volt all Hybrid Car
The Chevy Volt

All levels of government are putting forward incentives for consumers to get these new vehicles. With the most recent tax bill being passed, consumers can claim a $7,500 tax credit for purchasing an electric vehicle. Businesses can claim up to $30,000. Many states have their own incentives of their own. California offers rebates of up to $5,000 and states like New Jersey and Washington exempt electric vehicles from sales taxes.

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