Driving an EV saves money on fuel! Utilities and local power providers are leading Indiana’s transition to electric vehicles by offering access to vehicles, incentives, and special electric rates. EV owners benefit from reduced or fixed electric rates during “Time of Use” (TOU) periods known as “Off-Peak” hours. Charging an EV overnight during “off-peak” hours will reduce load on the grid and will reduce your price per Kilowatt Hour. Check your local power provider to see incentives and rates.
Find your utility below to see what benefits they offer, when their Time of Use hours are, and contact information for further research.
Indiana Michigan Power offers a time-of-use (TOU) rate to residential customers for PEV. TOU rate off-peak hours are between 9pm and 7am Monday through Friday and all-day Saturday and Sunday. Indiana Michigan Power may require customers to install a metering system that is capable of separately tracking PEV charging. Contact Indiana Michigan Power to see if your home qualifies.
The Indianapolis Power & Light Co is now AES Indiana and offers special EV charging rates, including year-round time-of-use (TOU) for residential and business customers who own a licensed PEV. Customers who are considering purchasing Level 2 electric vehicle supply equipment should contact IPL to discuss the benefits and requirements of participating in the program. See the AES Electric Vehicles page for more information.
Duke Energy offers one of the lowest electricity costs in the Midwest. Charging your electric vehicle at home is inexpensive and convenient. You’ll be able to charge at the standard residential electric rate, which varies but is typically less than fuel costs. Check rates and tariffs here.
Electricity Co-operatives and Rural Electric Membership Corporations (REMC) offer non-metropolitan and rural communities the opportunity to develop and own their own electricity. Unlike investor-owned utilities, profits are reinvested or redistributed to the company. Find out more about how your Indiana Co-op and REMC are preparing for electric vehicles.
All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the manufacturer, number of units sold per year, and capacity of the battery used to power the vehicle. View current federal tax incentives for your next vehicle purchase.
EV sales are set to encompass close to half of new car sales by the end of the decade. These new EV owners will need support from educated sales and delivery staff and new electric vehicles will require maintenance from trained technicians. While maintenance requirements on electric vehicles are substantially less than internal combustion vehicles, they still require maintenance on wheels, tires, brakes, suspension, internal cabin features, and on rare occasions, batteries and motors. Contact us about training for your dealership or become a Certified Electric Vehicle Dealer.
Fleets across the country are seeing the benefits to their bottom line from the ownership of EV in all shapes and sizes. See how schools, municipalities, and businesses are benefiting from adding light, medium, and heavy duty electric vehicles to their fleets to reduce fuel and maintenance costs. Contact the Drive Electric Indiana team to address your fleet’s unique needs.