Electric vehicles (EVs) have been making waves in the automotive industry in recent years. With their environmentally-friendly and cost-efficient features, it's no wonder why more people are considering purchasing an EV. Illinois is no exception to this trend, with more and more electric cars hitting the roads.
Let’s take a closer look at the latest electric vehicle news in Illinois, what's changing in the market, tips for new EV purchasers, and why there’s never been a better time to purchase a new car from Illinois’ top EV dealer.
What's Changing in the EV Market?
The electric vehicle market in Illinois is growing steadily. According to the Illinois Environmental Protection Agency (IEPA), there are currently more than 30,000 electric vehicles registered in the state. This number is expected to rise in the coming years as more car manufacturers release electric models and the state continues to invest in EV infrastructure.
One of the most significant changes in the electric car market in Illinois is the state government's recent push to incentivize EV adoption. In September 2022, Illinois Governor JB Pritzker announced a new package of electric vehicle incentives aimed at increasing the number of EVs on the state's roads. The package includes Illinois tax credits for new EV purchases, as well as funding for the installation of charging stations across the state. The tax credits offer up to $4,000 for a new EV purchase in Illinois, making it easier for Illinois residents to make the switch to electric vehicles.
In addition to the state-level incentives, there are also federal incentives available for new EV purchasers. As of 2023, the federal government offers a tax credit of up to $7,500 for new EV purchases, depending on the battery size and other factors. This credit can significantly reduce the cost of a new EV, making it a more attractive option for prospective buyers.
Alongside these incentives, the electric car market in Illinois is also experiencing changes in terms of the vehicles themselves. Electric cars are becoming increasingly popular, with many major automakers now offering a range of EV options, like new Chevrolet and GMC models. One of the biggest changes in the market is the increased availability of affordable EVs. While the earliest EVs were often expensive and had limited range, new models are now available at a variety of price points and with longer ranges. This means that EVs are now a viable option for a wider range of consumers.
Another significant change in the Illinois market is the recent passage of the Future Energy Jobs Act, which includes provisions for the development of charging stations throughout the state. The act also incentivizes EV purchases and sets a goal of having 1 million electric vehicles on the road in Illinois by 2030.
Yet another exciting development in the market is the increasing availability of electric SUVs and trucks. Traditionally, electric vehicles have been associated with smaller cars and sedans, but now larger vehicles are being developed, such as the Chevy Silverado EV and the GMC Hummer EV.
Tips for New EV Purchasers
With these new changes taking place, it’s essential for potential EV owners to understand the differences between gas-powered cars vs. electric cars. From doing your own research and understanding the options available to considering the different ranges and features, it’s important to find an EV model that suits your needs.
If you're considering purchasing an electric vehicle, there are a few things you should keep in mind:
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Understand Your Driving Needs
Electric vehicles have a set range, so it's important to understand how far you typically drive on a daily basis. This will help you determine which electric model is right for you. For example, if you only need to drive short distances, a vehicle with a smaller battery capacity may be sufficient, while if you have a longer commute, you may need a car with a larger battery capacity.
Electric vehicle range has drastically improved in recent years, with some models going as far as 600 miles on one charge. But how far an EV can go on one charge will greatly depend on the make and model you choose.
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Consider Charging Options
Before purchasing an electric vehicle, it's important to consider your charging options. Do you have a garage where you can install a charging station? Are there public charging stations near your home or workplace? Knowing your charging options will help you determine if an EV is a practical option for your lifestyle.
With charging infrastructure set to drastically increase by 2030, more and more public charging stations will be available. But if you do choose to install a home charger, you may be eligible for a Chevy rebate or Illinois charging rebate.
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Plan Ahead for Maintenance
Electric vehicles require much less maintenance than gasoline-powered cars. They don't have oil to change, spark plugs to replace, or transmissions to service, which means fewer trips to the mechanic and lower maintenance costs over the lifetime of the vehicle.
Buying an electric vehicle in Illinois is an excellent option for several reasons. With tax incentives, lower fuel costs, reduced emissions, convenience, and lower maintenance costs, an electric vehicle is an investment in your financial and environmental future. If you're considering purchasing a new car, it's worth exploring the benefits of an electric vehicle and taking advantage of the incentives available in Illinois.
Why Buying an EV is a Great Option
As the world moves towards a greener and more sustainable future, one of the most significant changes we can make is transitioning from gasoline-powered cars to electric vehicles.
There are several reasons why buying an EV is a great option. First and foremost, EVs are better for the environment. By driving an EV, you're reducing your carbon footprint and helping to combat climate change. Additionally, EVs are typically quieter and smoother to drive than traditional gasoline-powered cars, making for a more enjoyable driving experience.
Here are just a few reasons why it makes sense to switch to electric:
- Tax incentives: One of the most significant benefits of buying an electric vehicle in Illinois is the state's tax incentives. Illinois offers a $4,000 tax credit for the purchase of a new EV, which can significantly reduce the overall cost of the vehicle. Additionally, electric vehicles are exempt from state sales tax, which can save buyers even more money.
- Lower fuel costs: Electric vehicles are significantly cheaper to operate than gasoline-powered cars. The cost of electricity is much lower than the cost of gasoline, and EVs are more energy-efficient, which means they require less energy to travel the same distance. According to the U.S. Department of Energy, the average cost to operate an EV is $485 per year, while the average cost to operate a gasoline-powered car is $1,117 per year.
- Reduced emissions: One of the primary reasons to switch to an electric vehicle is to reduce emissions and help combat climate change. In Illinois, transportation is responsible for over a third of the state's greenhouse gas emissions, with cars and trucks being the biggest contributors. By driving an electric vehicle, you can significantly reduce your carbon footprint and help create a cleaner, healthier environment.
- Convenience: Charging an electric vehicle is incredibly convenient, especially if you install a home charging station. Instead of stopping at a gas station, you can simply plug in your car overnight, and it will be fully charged by the morning. Additionally, many public charging stations are available throughout Illinois, making it easy to charge your car while you're out and about.
But don’t take our word for it! Diepholz customers are loving the electric lifestyle.
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