Recently, Energy Secretary Granholm was on The View to show Americans how much they could save on fuel by making the switch to an EV.
May 17, 2024
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Recently, Energy Secretary Granholm was on The View to show Americans how much they could save on fuel by making the switch to an EV. The U.S. Department of Energy’s (DOE) Driving Electric: Local Fuel Savings Calculator allows driver to estimate, at the ZIP code level, how much they save on fuel costs by driving an EV (either a plug-in hybrid electric vehicle or a battery electric vehicle).
You can find this tool and many more at energy.gov/save.
For qualifying EVs, consumers can immediately receive federal tax credits to reduce the price of a new EV by up to $7,500, and by up to $4,000 for a used EV. DOE has resources available to assist you if you’re ready to buy your first EV or to help buy your next EV.
Learn more from the following DOE resources.
- Visit FuelEconomy.gov for a list of qualifying light-duty clean vehicles.
- The AFDC Tax Credits for Electric Vehicles and Charging Infrastructure page includes content to help consumers learn about tax credits for acquiring new or used EVs, and for dealers to register with the IRS.
- The Energy Savings Hub shows how consumers can save money when upgrading your home and vehicle, including tax credits for new or used EVs.
