Electric Vehicle Savings

There are now more than 40 EV models on the market, including midsize vehicles, minivans, SUVs, and soon there will also be trucks. They offer great performance, technology, and many have a 5-star safety rating. The average price for an EV has dropped, and with lower maintenance costs, EVs are becoming a more affordable option. A federal tax credit of up to $7,500 may also be available. Learn more about the status of each vehicle manufacturer’s remaining incentives. Use our tools below to determine your fuel savings and compare EVs. 

Driving or considering an EV?

We want to hear from you! Take this quick survey to let us know your thoughts on electric vehicles, and we’ll keep you posted on our future EV programs.

Frequently Asked Questions

  • An EV uses electricity stored in a battery to move the wheels. All the EVs referenced on our website are plug-in.
  • We don't currently offer an EV-specific electric rate. However, depending on the state in which you live, we may offer a "whole house" time-of-use rate, which can help lower your electric bill. Please contact Customer Service to learn more.
  • Yes. There is a federal tax credit of up to $7,500 available for all new EVs for up to 200,000 EVs produced by a single manufacturer. The tax credit steps down to half ($3,750) after the second quarter after the limit has been met and then steps down in half again for the next two quarters. Then the tax credit goes away for that manufacturer. Check with the EV manufacturer for the current tax credit amount.
  • Email us your information and we will let you know as we develop programs for our business customers. If you have other questions, email us at DriveElectric@duke-energy.com or call 800.979.9145. We will work to answer your questions promptly.

Duke Energy is not affiliated with the manufacturers or vendors, does not expressly or implicitly warrant the performance of the products and is not liable for any damage caused by these products or for any damage caused by the malfunction of these products. Any non-Duke Energy logo or trademark is owned by its respective manufacturer or its assignee. Duke Energy, 400 South Tryon Street, Charlotte, NC 28202.


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