{"id":252548,"date":"2024-06-14T02:39:29","date_gmt":"2024-06-14T02:39:29","guid":{"rendered":"https:\/\/news.republicofgreen.com\/u-s-department-of-the-treasury-announces-more-than-1-billion-in-upfront-savings-for-consumers-on-electric-vehicle-sales\/"},"modified":"2024-06-14T02:39:44","modified_gmt":"2024-06-14T02:39:44","slug":"u-s-department-of-the-treasury-announces-more-than-1-billion-in-upfront-savings-for-consumers-on-electric-vehicle-sales","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/u-s-department-of-the-treasury-announces-more-than-1-billion-in-upfront-savings-for-consumers-on-electric-vehicle-sales\/","title":{"rendered":"U.S. Department of the Treasury Announces More Than $1 Billion in Upfront Savings for Consumers on Electric Vehicle Sales"},"content":{"rendered":"
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!<\/em><\/p>\n Total Consumer Savings on Fuel and Maintenance of Up To $3.2 Billion; Estimated Savings of $18,000 to $24,000 Over Life of Vehicle<\/strong><\/p>\n WASHINGTON \u2014 Yesterday, the U.S. Department of the Treasury and IRS announced consumers have saved more than $1 billion in upfront costs on their purchase of more than 150,000 clean vehicles since January 1, 2024, marking a major milestone in the Biden-Harris Administration\u2019s work to lower transportation costs for Americans.<\/p>\n This milestone translates to consumers saving $1,750 annually on average on fuel and maintenance costs, or $21,000 of discounted savings over the typical 15-year lifespan of a vehicle, compared to a comparable gasoline vehicle. For the more than 150,000 vehicle sales that have used the upfront discount to date, this equates to around…<\/p>\n<\/div>\n
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