PHILADELPHIA — We’re kicking the tires on a tool that can help you determine just how much money you can save by driving electric.
People considering EVs are very curious about the cost savings.
“The number one thing on people’s minds today is, how can I save money?” said Josh Boone, the executive director for Veloz.
The mission of the industry group is to rapidly accelerate the adoption of electric vehicles.
One of the ways Veloz is trying to get that done is by highlighting the benefits.
“The average person can save around $2,000 a year on gas, and this provides consumers with about $166 in savings per month,” Boone said.
Those savings depend on how much and how far you drive.
Veloz has a national database and website called ElectricForAll.org.
On that site, you’ll find a calculator to figure out how much you would save.
You simply input the kind of EV you want to drive, the distances you drive per year, the miles per gallon of your current gas vehicle, the average cost of gas where you live and your zip code. The zip helps determine the cost of electricity in your area.
After you put in all the information, you will have an estimated fuel savings amount and a total annual savings, which includes the money you save on maintenance.
“Imagine with an electric vehicle, you never have to change an oil filter, you don’t have to change spark plugs, or do regular tune-ups. EVs just have fewer moving parts overall, and so there’s less maintenance,” Boone said.
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