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A U.S. Department of Energy report found that, when factoring in the long-term ownership expenses, a small electric SUV costs $0.4508 per mile compared to $0.4727 per mile for a comparable gas car.
In November 2013, the Texas Commission on Environmental Quality approved a rebate program to provide financial incentives up to $2,500 for the purchase or lease of new eligible vehicles powered by compressed natural gas (CNG), liquefied petroleum gas (LPG), or plug-in electric drive with battery capacity larger than 4 kWh, from a licensed dealer or leasing company. [2]
Last year, the Biden Administration proposed a stringent vehicle pollution rule that would have driven up to two-thirds of vehicles to be electric by 2032. This year, the administration softened it.
The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers. Electric car buyers get a €4000 (US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 (US$3,390).
English: Svg diagram with labels for an electric car. Labels can be edited in any text editor. Labels can be edited in any text editor. They are at the bottom of all other code (last 6 sections).
Record high gas prices convinced drivers across the country to take a second look at going electric in 2022. After all, EVs cost more up front, but they pay you back over time with lower ownership...
The cost to power an electric vehicle can depend on several factors, however, not just current electric rates. On average, it costs half as much to drive an electric vehicle, according to the U.S ...
President Barack Obama behind the wheel of a new Chevrolet Volt during his tour of the General Motors Auto Plant in Hamtramck, Michigan in 2010. In his 2011 State of the Union address, President Barack Obama set the goal for the U.S. to become the first country to have one million electric vehicles on the road by 2015. [21]