Considering a new car? There’s never been a better time to get into an electric vehicle (EV). With up to $12,500 in State and Federal tax credits available next year, Colorado will soon have the best subsidies in the country. Advances like longer driving ranges, a boost in the number of models available at local dealers, and nearly 200 charging plugs on the Western Slope (including five RFTA chargers made possible by CORE grants) mean owning and operating EVs are easier than ever for Roaring Fork Valley drivers.
The benefits of driving an electric vehicle include zero tailpipe emissions, low maintenance, quiet ride, and ease of operation, to name a few.
After flipping through the Consumer Federation of America’s EV “Car Book,” the bible of all things EV in a snappy 16 pages, check out the new tax subsidies that the State of Colorado and the Feds will be offering for EV purchases starting on January 1, 2017:
2017 EV Tax Credit Snapshot
|Amount||Type||Good to Know|
|State of Colorado||Flat $5000||“Cash on the Hood” or tax credit||Eliminates the MSRP calculation from 2016|
|Federal Government||Up to $7500||Tax credit||Consult your tax accountant about offsetting capabilities|
For more on Colorado’s EV Tax Credit calculations and other incentives, visit Refuel Colorado, the State’s clearinghouse on alternative fuel vehicles.
Adding to the bounty, a growing group of local entities that includes CORE, CLEER, Garfield Clean Energy, and the City of Aspen are collaborating with Refuel Colorado to explore an EV bulk purchase like Boulder’s, which could provide additional dealer discounts to interested buyers. The local transportation group is in its early stages, checking the feasibility of financial incentives such as this, as well as educational and infrastructure support like “Ride & Drive” events and creating a seamless network of high-capacity chargers.
Stay tuned for details and check out what’s coming down the road with the local auto dealers who are offering (or plan to offer) these eight EV models in our area:
|Audi||A3 PHEV||Glenwood Springs|
|Chevrolet||Volt PHEV and Bolt BEV||Glenwood Springs|
|Chrysler||Pacifica PHEV||Glenwood Springs|
|Ford||CMax Energi PHEV, Fusion Energi PHEV and Focus Electric BEV||Glenwood Springs|
|Nissan||Leaf BEV||Grand Junction|
|Tesla||Model S BEV and Model X BEV||Aspen & Vail|
Lingo lowdown, adapted from Refuel Colorado:
BEV = Battery Electric Vehicle, propelled by electricity that is stored in a battery and used by an electric motor. With BEVs, the charging station — including plugging in at home — is the new gas station.
PHEV = Plug-in Hybrid Electric Vehicle, which utilizes both electricity and gasoline to power the vehicle. They operate on electricity for a limited range before switching to a gasoline engine or motor for extended range.
Matt Shmigelsky of CLEER and Sarah Gruen of CORE contributed to this story. This post was updated on January 23, 2017.