You get more for your $ with an EV.
They cost less to drive and are easier to maintain.
- You can drive an EV for about half the cost of a gasoline-fueled vehicle. EVs cost the equivalent of $1.20/gallon to drive. However, cost will depend on the capacity of your battery and the per kilowatt-hour (kWh) electricity rate. For example, charging a Nissan LEAF®, with a 40-kWh battery, from completely empty to 100% equals roughly $5.60.
- Your cost may be less if you enroll in MGE's Shift & Save program, where you pay less for electricity during times when the demand for electricity is low.
- EVs cost less to maintain because they don't require oil changes and brakes last longer. And, since EVs have fewer mechanical components, you won't have to deal with transmission problems, clogged filters, or faulty spark plugs like you commonly see with gas engine vehicles.
- The Federal Internal Revenue Service (IRS) offers a tax credit of $2,500 to $7,500 for buying a new EV.
- Get a 50% discount when you charge at an MGE public charging station.
Shift your charging time and SAVE!
EV drivers can save up to 40% on home charging costs by shifting vehicle charging and other electricity use to nights and weekends!
Customers who sign up for Shift & Save (also known as Time-of-Use) receive discounted rates for electricity used during off-peak hours. It's the time of day when electricity use is low. In exchange, customers pay more for electricity used during on-peak hours. By shifting the majority of your electricity use—for your EV as well as your entire household—to nights and weekends, you could see significant savings. Depending on your individual usage, the savings could really add up!
Sign up for Shift & Save
To learn more about Shift & Save rates or to sign up, please call (608) 252-7222 or email firstname.lastname@example.org.