Plugging in to Electric Vehicles
There was a time when most of us regarded the idea of driving an electric car to be about as likely as traveling in George Jetson’s flying saucer. But no more.
The era of the electric vehicle (EV) has arrived.
A decrease in prices, improved technology and longer driving ranges are just a few of the reasons Nolin members and others are taking a closer look at EVs. In addition to the superior environmental benefits most know about, here are some important points to think about if you’re considering an EV:
Battery source. A plug-in hybrid runs on a battery supplemented by a gas engine, and the battery charges by plugging into an electric power source. The all-electric vehicle only uses a rechargeable battery as its power source.
They offer significant savings. Most consumers are drawn to the EV because of its lower fuel cost. Compared to a similar gas-powered model, the typical all-electric vehicle saves about 75 percent on annual fuel costs, research indicates. At current gas prices, that is typically a savings of about $1,200 each year. All-electric cars also offer lower maintenance costs since they require no oil changes.
You have many choices. EVs are available in almost all vehicle categories. Some are the top-rated vehicle in their automotive class, according to Consumer Reports. Prices start as low as $20,000 on popular models. Some new electric vehicles qualify for a federal tax credit of up to $7,500.
Whether it’s a vehicle powered by electricity or gasoline, we all like to check out what’s under the hood before buying. Our power provider, East Kentucky Power, has purchased a Chevy Bolt and Chevy Volt to learn more about EVs.
So that you can get a closer look, one of these EVs will be on display at Nolin’s annual meeting on June 22 at John Hardin High School. I invite you to come learn more about these cars. If an EV is in your future, we want to help you make an informed decision.