Although more consumers than ever are recognizing the many benefits of buying electric vehicles, for some, uncertainty remains. To help the customers who may have inaccurate info, let’s answer the most common questions and set the record straight.
And by the way, read through to the end for information on how we can help you receive on-bill credits for installing a charger at your home. Commercial customer? We’ve got you covered, too.
1. Are EVs slow?
Generally speaking, EVs accelerate quicker than gasoline-powered cars because an electric motor generates 100% of its available torque instantly. When pressing down on the accelerator, the transition from stationary to drive is virtually immediate.
2. Are EVs affordable?
Although there can be more upfront costs for EV buyers when compared to purchases of equivalent gas-powered models, some EV buyers are eligible for a one-time federal tax credit of up to $7,500. To save even more, consider shopping used EV domestic models, which also are eligible for a federal tax credit of up to $4,000. In addition, there are a number of New Jersey incentives for EVs, including a purchase credit for some models, as well as a sales tax exemption.
3. What are the emissions for EVs?
Electric motors transform from 60% to 73% of the chemical energy from a battery in order to power the wheels of a vehicle. Compare that performance point against internal combustion engines, which only convert up to 25% of the energy stored in gasoline for the same purpose. Not to mention, EVs emit no direct tailpipe pollutants.
4. How long do EV batteries last?
The federal government mandates that electric vehicles carry separate battery pack warranties for at least eight years or 100,000 miles. Once depleted, EV batteries, like most batteries found in conventional cars, can be recycled. For example, used EV power cells can be transformed to store solar and wind energy, or dismantled and reused.
5. What are some EV charging options?
Statistically, 90% of charging happens at home or work. If you have the option to install a charger yourself, you can wake up every morning to a full charge. Good news, PSE&G offers programs for residential customers interested in installing Level 2 smart chargers. You may be eligible for an on-bill credit of up to $1,500 per Level 2 charger to help you pay for installation costs, as well as up to $5,000 for Utility-Side Make-Ready costs. If you need to charge while you’re on the road, New Jersey has more than 900 public EV charging stations throughout the state. PSE&G also is providing Make-Ready Incentives for commercial customers who install Public Level 2 and DCFC Charging Stations.
To learn more about PSE&G’s EV Charging Program visit pseg.com/EV.