The state of Massachusetts has decided to end its $1500 rebate program through MOR-EV at the end of September this year. While unfortunate for those of us that would love an extra fifteen hundred dollars to shave off on an electric vehicle purchase, the truth is we don’t necessarily need it anymore. “Accelerated demand has resulted in an uptick in electric vehicle sales in Massachusetts”, said Patrick Woodcock, the state’s Undersecretary of Energy at Commonwealth of Massachusetts. “The Energy electric vehicle market has matured, with more makes and models available and more comparable costs compared to traditional gas vehicle, reducing the need for financial incentives.”
An EV saves the average driver over $1,000 on fuel and maintenance in the first year, or over $5,000 in just the first 5 years of driving. That’s far more than the outgoing $1,500 state incentive. Fuel costs and vehicle maintenance savings can exponentially increase the money you save for owning an EV. Even with the loss of the state incentive, the cost of ownership for an EV is often lower, and when there are EV programs like the ones offered by ENE, that just becomes icing on the cake.