With all the buzz surrounding the efficiency and technology of new Chevy EVs, one aspect that's often overlooked is the potential savings associated with these innovative vehicles. That's why Kevin Whitaker Chevrolet is here to clearly explain how you can save money by buying an electric vehicle.
Visit our Greenville Chevy EV dealership to explore your options and learn why it's a great idea to buy a new Chevy electric vehicle.
Are Electric Cars Cheaper than Gas Vehicles?
Though it may be a surprise to some, you can expect to save a considerable amount of money when you buy a Chevy Equinox EV compared to similar gas-powered vehicles in the long-term. When you consider the available EV rebates, fuel savings and reductions in maintenance costs, the benefits of going green become clear!
Chevy Equinox EV Tax Credit
While the Equinox EV does tend to have a slightly higher upfront price than its gas-powered counterpart, the federal EV tax credit helps to make their total prices very comparable. Currently, customers in every state who purchase a new electric vehicle, including the Equinox EV, may qualify for a federal EV tax credit of up to $7,500.1
If you’re looking to buy a new electric vehicle in Greenville, our team can guide you through applying for this rebate to ensure you save as much money as possible.
Electric Equinox Fuel Savings
The real savings begin when you start driving your electric Equinox. The impressive Equinox EV range can reach up to 315+ miles on a full charge, meaning you won't need to plug in too often. Plus, when it is time to charge, you can skip the gas station and sleep soundly knowing your Equinox EV is reaching full charge for a fraction of the price of a full tank of gasoline.
According to Consumer Reports, electric vehicles owners tend to save 60% on yearly fuel costs when compared to the costs of an average vehicle in their class. That’s a lot of cash back in your hands!
Equinox EV Maintenance Costs
With your new Chevy EV you'll likely find yourself in the auto shop less often, as electric vehicles don't contain an internal combustion engine, which requires regular maintenance like oil and filter changes. Regenerative braking also reduces the need for brake pad replacements.
Because of the reduction of required maintenance, EV owners typically spend half as much on maintenance over a car’s lifetime. Say goodbye to pricey oil changes and embrace a future full of savings with the Equinox EV!
How Do I Charge an Equinox EV?
Charging an Equinox EV has never been easier. If your electric vehicle is running low on power, take advantage of one of South Carolina's 1,100+ public EV charging stations to get your Chevy back up and running. Enjoy peace of mind knowing that your wallet will be unaffected by the volatility of gasoline prices, which have fluctuated nearly twice as much as electricity prices in the past five years.
Though public electric car chargers are great in a pinch, home charging stations are even more convenient and tend to save you more money. Installing a home EV charger is simple and affordable, and the initial cost of setup can be offset by gas savings within your first year of ownership. Some local utility providers will even offer a partial rebate for the installation of a home charging port!
Coast into the future and buy a new Chevy Equinox EV, one of the most impressive and affordable electric SUVs on the market!
Learn More: Chevy EV Overview
1Information accurate at time of publishing. See dealer for details.