If sticker shock has prevented you from making an electric car your company vehicle of choice in the past, it may be time to reconsider.
As is often the case with first generation technology, the cost of purchasing an electric vehicle (EV) was initially expensive. In fact, some models topped $40,000.
But manufacturers have recently been slashing the prices on their 2014 models, making easier for you or your company to make the switch to this practically carbon-free alternative.
For example, earlier in the year, Nissan knocked up to $6,400 off the price of its Leaf S model, retailing for just $28,800 thanks to local construction and other cost-saving factors.
Following suit, Chevy then cut the price of its gas-electric hybrid Volt by $5,000 to $34,995. Add in a federal tax credit of $7,500 and you or your company could own the vehicle for a reasonable $27,495.
More recently, Toyota lowered the price of its slow-selling 2014 plug-in Prius to a more competitive $30,800 – before federal tax credits.
If adding one or more EVs to your fleet is still a costly proposition, remember that you have the option of leasing rather than owning. In fact, more than 70% of EVS on the road today are leased, compared to the industry average of 20%. That way, you avoid getting stuck long-term with outdated technology.
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