Cost Comparisons

EVs have fewer mechanical parts than gas vehicles, which translates to lower maintenance costs over the life of the vehicle. EVs do not require oil changes, have fewer brake replacements due to regenerative braking, and have no exhaust system or transmission fluid to maintain. Over a typical vehicle lifespan, maintenance savings can be substantial.

The upfront purchase price of an EV is often higher than a comparable gas vehicle, but federal and Maryland incentives can close this gap significantly. A new EV eligible for the full $7,500 federal tax credit plus Maryland’s $3,000 excise tax credit and utility rebates can reduce the effective purchase price considerably. Comparing the total cost of ownership over several years — rather than just the sticker price — gives a more accurate picture.

In Maryland, vehicles are the biggest source of air pollution, creating over one-third of all harmful greenhouse gases. EVs produce zero tailpipe emissions, improving local air quality and reducing contributions to climate change. Plug-in hybrids produce fewer harmful emissions than conventional vehicles. Choosing an EV is one of the most impactful steps an individual can take to reduce their environmental footprint.

Reducing your transportation costs and environmental impact doesn’t require an EV. Carpooling, using public transit, biking, and walking are all effective ways to reduce fuel costs and emissions. Maryland supports carpooling through the Commuter Connections program and the Maryland Transit Administration provides transit options across the region.