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New Hampshire Department of Environmental Services
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How Can I determine if there will be a Return on Investment When Purchasing an Electric Car?

Electric vehicles generally cost more to purchase than their gasoline counterparts but cost less to operate and maintain. A federal tax credit of up to $7,500 is currently available for electric vehicle purchases, which in effect reduces the EV's purchase price. The cost to refuel an electric vehicle is significantly less than that of a gasoline or diesel vehicle and without spark plugs, transmissions, radiators, oil and fuel filters, exhaust systems, and other gasoline-specific components, less maintenance is required.

Even with PHEVs, which have an internal combustion engine (ICE), maintenance costs will be much lower than a comparable gas-only vehicle because the ICE runs less often and there is less wear & tear on the ICE and other systems.  And, since the electric motor does most of the braking there is little wear and tear on brake pads and rotors.

Find out how affordable an electric vehicle can be by using the online calculators at Alternative Fuels Data Center: Vehicle Cost Calculator, and Electric Car Calculator.

To compare the relative cost of fuel for an electric v. a gasoline car in your area, see The eGallon: How Much Cheaper Is It to Drive on Electricity?

Federal Tax Credit for EVs and PHEVs!




NH Department of Environmental Services | 29 Hazen Drive | PO Box 95 | Concord, NH 03302-0095
(603) 271-3503 | TDD Access: Relay NH 1-800-735-2964 | Hours: M-F, 8am-4pm

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