Why Choose EV



Electric vehicles (EVs), also referred to as battery electric vehicles (BEVs), use a battery pack to store the electrical energy that powers the motor. EV batteries are charged by plugging the vehicle into an electric power source. These vehicles are classified as zero-emissions, as no exhaust is created and there are no tailpipe emissions. Colorado Springs Utilities offers additional information about EV's on their website:

https://www.csu.org/Pages/ElectricVehicles.aspx

  • 345,000 EV's were sold in the U.S. in 2020, over 100,000 more than in 2019. EV's are projected to reach 7% of all automotive sales by 2025. 
  • At the end of 2020, 1.5 million EV's were on the road in the U.S.
  • In 2021 EV sales are projected to increase 70%
Tax Credits
  
  1. Federal tax credits ranging from $2,500 to $7,500 are available for consumers buying new, qualified electric vehicles. However, per federal guidelines, tax credits no longer apply to any manufacturer who has sold more than 200,000 electric cars. That means buyers of Tesla or GM electric models cannot receive tax credits, as both brands have exceeded 200,000 EV sales. Colorado Springs Utilities offers additional information about EV's on their website: https://afdc.energy.gov/laws/fed_summary/
  2. There are currently no federal tax incentives for purchasing pre-owned EVs but states, cities and utilities do offer rebates and credits for pre-owned EV's.
San Isabel Electric Association currently offers a $500 rebate for the purchase of a qualified EV:


Charging Stations

  1. There are currently 31,000 charging stations in the U.S., up from 25,000 charging stations in 2019. 28,000 of those 31,000 are open to the public, with 3,000 of them private or restricted.
  2. Here is a list of charging stations in Colorado: https://chargehub.com/en/countries/united-states/colorado.html
  3. Here is an interactive map that shows nearby charging stations: https://chargehub.com/en/charging-stations-map.html

Helpful Sites