EV & Hybrid Benefits
Benefits of Owning an EV in Oklahoma
Drivers of Oklahoma are beginning to make the switch to more environmentally-friendly vehicles, and for good reason. Because electric vehicles and hybrid vehicles release fewer emissions and are generally better for the environment, the government is offering many benefits and incentives to EV owners. Oklahoma has multiple of its own incentives such as rebates, tax credits, free parking perks, and huge discounts on vehicle insurance. All of the benefits of owning an electric vehicle in Oklahoma add up to making an electric vehicle be an environmentally friendly and affordable option. If you are in the market for a new electric or hybrid vehicle and want to know all the benefits of owning one, visit a Bob Moore Auto Group dealership in the Oklahoma City area.
EV Rebate
The state of Oklahoma is dedicated to providing a greener future for its residents. One of its efforts is the Electric Vehicle Supply Equipment Rebate offered by the Public Service Company of Oklahoma. This rebate includes $250, which is the perfect amount of money to help fund the installation of your own electric vehicle charging station in your own home. Be sure to check with your local utility provider to see if you and your EV or Hybrid vehicle qualify for this or other rebates.
Tax Credit
One of the most well-known benefits of owning an electric or hybrid vehicle is the multiple tax credits. Depending on the final assembly location and the size of the battery in your alternative fuel vehicle, you can receive a federal tax credit of between $2,500 and $7,500. The final assembly requirement now states that your vehicle must have final assembly in North America to qualify for the tax credit. This update only applies to those who entered a binding contract after August 16th, 2022. If your vehicle was purchased before the August 16th update, the final assembly destination rule does not apply to your electric or hybrid vehicle. Another benefit is the AFV credit, offering a maximum of $50k towards the purchase of an approved alternative fuel vehicle. These tax credits alone offer a great reason to choose an electric or hybrid vehicle over the traditional internal combustion vehicles. See if your vehicle qualifies, here.
Insurance Savings
Everyone has to have car insurance and it can be pricey, but you might be able to save money every month by owning an EV or hybrid. Multiple insurance providers in Oklahoma offer specific discounts depending on which alternative-fuel vehicle you are insuring. Next time you speak with your insurance provider, be sure to ask about the following discounts:
- Low Mileage Discount
- Economy Vehicle Discount
- Alternative Fuel Discount
- Hybrid Discount
Free Charging & Parking
EV drivers of Oklahoma will be surprised to discover all of the free charging stations located around the state. These facilities offer free parking and charging of your EV while you spend time exploring the community. Many landmarks and points of interest around Oklahoma provide eco-friendly drivers the hospitality of free parking and charging as thanks for helping make Oklahoma a cleaner and safer state.
Shop EV & Hybrids with Bob Moore Auto Group
Bob Moore Auto Group has numerous dealerships all around the Oklahoma City area offering full-electric and hybrid vehicles. Shop for vehicles like the Nissan LEAF at Bob Moore Nissan Northwest, KIA Niro EV at Bob Moore KIA, or the luxury Porsche Taycan at Porsche Oklahoma City. Find the perfect EV or hybrid vehicle for you at a Bob Moore Auto Group dealership and take advantage of all the benefits!