SEPTEMBER 26, 2020 About Drive Electric Vermont

• Drive Electric Vermont is a public- private partnership established in 2012 by VEIC and the State of Vermont

• Working to advance transportation electrification through: • Stakeholder coordination • Policy engagement • Consumer education & outreach Dave Roberts • Infrastructure development https://www.driveelectricvt.com/ Poll Question Webinar Overview

1. Plug-in Electric Vehicle Overview 2. EV Charging 3. Operating Costs 4. EV Incentives and Purchase Considerations 5. Owner Experiences 6. Discussion Why Go Electric? o Reduce emissions o Great performance o Quiet o Convenient charging at home o Savings Vermont Greenhouse Gas Emissions

Waste Management

Industrial Processes

Agriculture Transportation Transportation 45% Residential & Commercial Use

Fuel Industry

Electricity Supply

- 1.0 2.0 3.0 4.0 5.0 Million Metric Tons CO2 Equivalent

Vermont Agency of Natural Resources 2016 Inventory Update, January 2020 Vehicle Efficiency

90% 80% Electric cars are 2-3 70% times more efficient 60% than gasoline 50% 40% 30% 20% Vehicle Energy Loss Energy Vehicle 10% 0% Gasoline Electric Vehicle Vehicle Community Design

Images: Chittenden County RPC Types of Plug-in Vehicles All Electric Plug-in Hybrid

Gasoline Combustion Tank Engine Electric Electric Battery Motor Battery Motor Plug Plug

70 – 300+ Mile Range on Battery 15 – 80 Mile Range on Battery + 300 or More Miles on Gasoline Popular Models

Nissan LEAF Toyota Prius 150-225 Miles Prime $30-37k 25 Miles $28k

Mitsubishi Outlander PHEV 250-322 Miles 22 Miles $35-50k $36k

Subaru Chevrolet Bolt Crosstrek Hybrid 260 Miles 17 Miles $37k $35k Website EV Model Explorer

Filters for vehicle characteristics

www.DriveElectricVT.com New for 2020(ish)

Tesla Model Y Ford Mustang Mach E Ford Escape PHEV 316 miles, $50k 230-300 miles, $44k 38 miles, $33k

VW ID.4 Toyota RAV4 Prime 250 miles, $40k 42 miles, $38k Electric Trucks

Rivian R1T

GM Hummer EV – Announcement October 20th Other Electric Options

Buses

Bicycles CarShare Lawncare equipment Motorcycles EVs in Vermont Conditions

Cold weather reduces electric range 20-50%

https://www.driveelectricvt.com/winter EV Charging Charging Equipment

Level 1 Charging Level 2 Charging DC Fast Charging 120V 240V 480V 5 miles range / hr 10-20 miles / hr 70+ miles / hr EV Public Charging Availability

PlugShare.com Tesla Supercharging

Only for Tesla vehicles

https://www.tesla.com/supercharger Operating Cost Comparison

$2,000 fuel savings over 5 years

Electric cars save an average of $4,600 in repair and maintenance costs over the life of the vehicle compared with a gasoline-powered car Monthly Transportation Energy Cost Transportation Monthly

https://www.driveelectricvt.com/why-go-electric/cost-of-ownership US EIA / VEIC / Consumer Reports https://www.consumerreports.org/car-repair-maintenance/pay-less-for-vehicle-maintenance-with-an-ev/ Purchase Incentives

Federal Tax Credit ◦ Up to $7,500, based on battery size ◦ Begins to sunset when manufacturer reaches 200,000 EV sales ◦ Claim on income taxes (unless leasing) ◦ Does not carry-over into future years State of Vermont ◦ Up to $4,000, depending on income and type of EV ◦ $1.1 million in funding, about $40,000 remaining ◦ For new EVs with starting MSRP under $40,000 ◦ Distributed in partnership with electric utilities Electric Utilities ◦ Up to $2,500, depending on income and type of EV ◦ Many also offering incentives for home level 2 charging equipment

http://www.driveelectricvt.com/buying-guide/purchase-incentives State of Vermont Incentive Incentive Amounts

Vermont State Incentive Amount Adjusted Gross Income (AGI) • Vehicle base Tax Filing Status Plug-in Hybrid Limits All-Electric Vehicle Electric Vehicle price under $50,000 or less $3,000 $4,000 $40,000 Individual filing as single or head of household Over $50,000 up to $100,000 $1,500 $2,500 • About $40,000 $50,000 or less $3,000 $4,000 Individual filing as remaining in qualifying widower Over $50,000 up to $125,000 $1,500 $2,500 program $50,000 or less $3,000 $4,000 Married filing jointly Over $50,000 up to $125,000 $1,500 $2,500 • Potential $950,000 for $50,000 or less $3,000 $4,000 Married filing separately more incentive Over $50,000 up to $100,000 $1,500 $2,500 funding State of Vermont Incentive Eligible Vehicles

Plug-in Hybrid Vehicles All-Electric Vehicles (Gasoline + Electric) 13 Chevrolet Bolt 1 Chrysler Pacifica Hybrid 14 Hyundai EV 2 Energi 15 EV 3 Honda Clarity PHEV 16 Niro Electric 4 PHEV 5 PHEV 17 Kia Soul EV 6 Kia Niro PHEV 18 Mini Cooper SE EV 7 PHEV 19 Nissan LEAF 8 Mini Countryman SE All4 20 Nissan LEAF Plus 9 Mitsubishi Outlander PHEV 10 Subaru Crosstrek Hybrid 21 Electric Drive 11 Toyota Prius Prime 22 Tesla Model 3 12 Toyota RAV4 Prime 23 Volkswagen e-Golf Combined Incentive Example Nissan LEAF 150 Mile Range Nissan Standard Incentive < $50k Income Sentra Incentive Starting Price $31,600 $31,600 $19,310 Federal Tax Credit -$7,500 -$7,500 -- State Incentive -$2,500 -$4,000 -- OEM Discount -$4,000 -$4,000 -- Utility Incentive -$1,500 -$2,500 -- Price after Incentives $16,100 $13,600 $19,310

https://www.driveelectricvt.com/why-go-electric/purchase-incentives Vermont Electric Co-op Incentives

$500 on new or used all-electric purchase (or $100 per year of a lease) $250 on new or used plug-in hybrid purchase (or $50 per year of a lease)

+$250 for lower income purchasers +$250 bill credit for home charging equipment +$50 if signed up for Beat the Peak program connection

https://www.driveelectricvt.com/why-go-electric/purchase-incentives Green Mountain Power Incentives

New: $1,500 for all-electric -or- $1,000 for PHEV Preowned: $750 for a used AEV or PHEV + Up to $1,000 for low and moderate income AEV + Free home level 2 charging equipment + Discounted off-peak charging rates

https://www.driveelectricvt.com/why-go-electric/purchase-incentives Stowe Electric Incentives

New: $1,000 on all-electric -or- $750 for PHEV Used: $400 AEV -or- $300 PHEV + Up to $250 for low and moderate income AEV

https://www.driveelectricvt.com/why-go-electric/purchase-incentives VPPSA Incentives

Covering Customers of 11 Public Power Utilities: Barton Village, Village of Enosburg Falls, Hardwick Electric Department, Village of Jacksonville, Village of Johnson, Ludlow Electric Light Department, Lyndonville Electric Department, Morrisville Water and Light Department, Northfield Electric Department, Village of Orleans, and Swanton Village

New: $1,000 on all-electric -or- $500 for PHEV Used: $500 AEV -or- $250 PHEV + Up to $400 for low and moderate income AEV

https://www.driveelectricvt.com/why-go-electric/purchase-incentives Washington Electric Co-op Incentives

New: $1,200 on all-electric -or- $950 for PHEV + Up to $700 for low and moderate income AEV + Free home level 2 charging equipment

https://www.driveelectricvt.com/why-go-electric/purchase-incentives Owner Experience & Discussion

Please use the chat to ask questions.

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