Buy an Electric Vehicle Now!

By David Page

The Hyundai Ioniq 5 is one of a number of EV brands currently offering extra rebates and incentives for lease or purchase.

If you buy or lease an EV before September 30, you can enjoy a Federal tax credit of $7,500 for new EVs subject to income eligibility.  Or you can lease a new EV with no income eligibility requirements -- and still get the $7,500.

Additionally, Ride and Drive Clean is partnering with the City of Palo Alto to provide discounts on new Honda Prologues, Hyundai Ioniq 5s, and VW ID.4s.  Ride and Drive Clean will also host a Summer EV and Ebike Show on Saturday, August 23, 11 am to 2 pm at Mitchell Park in Palo Alto.  

One recommendation from me:  the best new electric car for the money may be the Chevy Equinox.  “Dealers are offering attractive discounts“ on 2025 Equinox EVs.  

The Chevy Equinox is now one of the top selling EVs in the US.

Pencil it out: 

• If you buy a basic model Equinox for $37,500, you’ll get $7,500 back from the feds.

• Could you sell your current car for $5,000? 

• For a down payment, take the Chevrolet zero interest loan to cover the remaining $25k.

• Pay only the principal for 5 years, nothing more. That’s $5k per year, or $415 per month.  

• Use the savings from no more oil-change or gasoline costs to help with the $415.  

• Costco members get another $1,000 off.

There are also GREAT deals on new EV leases.  One local driver leased an Ioniq 5 recently:

• The dealer knocked $8,500 off the sticker price. 

• Down payment was $4,000

• Monthly payment was $295 for a 3 year lease.  After 3 years the car goes back to the dealer, unless you decide to purchase the car at the end of the lease.”

I volunteer my services. Please email me at mypollutionsolutions5@gmail.com.