With Illinois’ state incentive program, owners of EVs can receive Time of Use (TOU) rates, which can save them money if they charge their vehicles at certain times of the day.
In the US, the leading cause of greenhouse gas emissions, up to 29%, is the transportation sector. This is because 90% of the energy consumed from transportation comes from petroleum.
This is a trend that most states are looking to change by offering incentives to make buying and owning EVs and plug-in hybrids (PHEV) more appealing. These incentives are usually monetary rebates or tax credits, but the program can vary from state to state.
While Illinois
doesn’t offer rebates as part of its incentive program, it does focus on helping to reduce the costs of purchasing and charging an EV or PHEV. This is done by offering loan financing to members of Illinois Electric Cooperative, and by giving discounted prices per kWh to all residents who charge their EV at home. The car insurance
comparison and broker app Jerry
has compiled a guide to Illinois electric vehicle incentives. How much can I save with the Illinois electric vehicle incentive?
In Illinois, the electric vehicle
incentive will save you money on your Time of Use (TOU) rates. How do I get the Illinois electric vehicle incentive?
In order to qualify for special loan financing to purchase an EV or PHEV, you must be a member of the Illinois Electric Cooperative.
You are not required to be a member of the Cooperative, however, to qualify for Time of Use (TOU) rates to charge your EV. You must simply be a resident of the state of Illinois.
How to find cheap car insurance for your electric vehicle
You don’t have to be a member of a special cooperative to save money on your EV’s car insurance—you just need to have Jerry
on your phone. Getting started is quick and easy, and you join the thousands of Jerry users who have saved over $800 per year on average on their car insurance. You’ll start off by comparison shopping, which Jerry takes care of by submitting the necessary information to dozens of great providers simultaneously. Then it provides you with a comprehensive cross-analysis of the best policies those providers have to offer. Just take your pick, and then Jerry finishes the job by finalizing paperwork, canceling your old policy, and handling everything in between.
Why wait to start saving on your car insurance when you can be saving hundreds in minutes with Jerry?
“Jerry
is an amazing app. Thanks to it, I saved a lot of money for my Tesla Model 3’s insurance. I’m so glad I downloaded the app!” —Erza S.
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