2023 Winter EV Newsletter
A Gift that Keeps on Giving
If either you, a family member or a friend are considering buying a new vehicle this holiday season, don’t forget all the ways that an EV can help save money. Some estimates show that EV drivers enjoy up to $1,300 in fuel and maintenance savings annually! Here are a few tips and resources to get you started.
EVs offer multiple kinds of savings:
Fueling an EV costs the equivalent of paying about $1 per gallon. As important, electricity costs tend to be more stable than gasoline costs, providing fewer household budget shocks.
EVs have fewer moving parts so they cost far less to maintain over a traditional car - as much as $4,600 less in repair and maintenance costs over the lifetime of the car.
Save up to $7,500 on eligible models with the Federal Tax Credit.
Save time by conveniently charging at home and skipping the gas station.
Use our EV Comparison Tool to compare models and for a more personalized savings estimate, you can calculate your cost savings with our Savings Calculator.
Beginning in 2024, Claim Your Tax Credit at the Time of Purchase
An updated Clean Vehicle Tax Credit will roll out in January 2024. Visit a participating dealership to receive an upfront discount of up to $7,500 for new and $4,000 for used EVs. Certain eligibility requirements must be met and your Ameren Missouri EV Dealer Partner will be able to help you navigate savings at the dealership!
Bring Your Charging Home for the Holidays
EV owners charge at home 80% or more of the time. Level 1 charging only requires a standard wall outlet and provides about 4-5 miles of range per hour of charge, which—when charging overnight—is more than enough for a typical commute.
For faster charging, EV owners can upgrade to a Level 2 charger using a 240V circuit (similar to an electric dryer plug), which typically provides about 25 miles of range per hour of charge.
You can compare Level 2 home chargers
on our Charger Comparison site. And, once again, we recommend working with a certified electrician to help you calculate charging installation costs, ensure your household wiring is in good shape to support your Level 2 charger, and identify the best location for the installation. Get started by finding an electrician near you on the Ameren Missouri Electric Vehicle Partner (EVP) Network.
Do you have to charge your EV outside?
You can find resources and tools for choosing the right EV at the Ameren Missouri website:
Learn more about purchase incentives
Find information about at-home and on-the-road charging
Connect with Ameren Missouri Dealer Partners
Explore rate options
All on the Ameren Missouri EV Website.