Why Buy Electric with Genesis of Schaumburg?

Genesis is defined as the origin or mode of formation of something. Genesis of Schaumburg is embodying that definition with the upcoming electrified 2022 Genesis G80. As a primer for its release, we would like to present to you a few pros of owning an electric vehicle (EV).

• Electric vehicles are better for the environment
  • With the absence of a gas-powered engine, gone is the need for an exhaust system within an EV. This allows for a cleaner and quieter ride as well that promotes cleaner air emissions.
• Electricity is cheap and renewable
  • Because EV’s utilize electricity, they are naturally more sustainable and cheaper in the long-run to drive as compared to gas-powered engines. On average, EV owners pay about one-third the cost of gas-powered vehicles to run.
• Less expensive and frequent maintenance
  • Without a gas-powered engine, EVs no longer need oil changes. This, among other things, can be a regular maintenance issue and more complicated ones can persist over time. EV’s do need basic maintenance such as filters, tires and brakes, but these costs over time pale in comparison to those for gas-powered engines.
• Tax credits
  • Original owners of EVs can also receive credits on tax returns for simply owning an EV. Some car owners can get up to $7,500 in credit in some states for certain cars. State incentive programs for Electric vehicles vary in their scope and applicability. While tax incentives are most frequently mentioned, rebates, HOV access, toll reduction and sales tax exemptions are also offered. States currently offering tax incentives include California, Colorado, Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Pennsylvania, Oregon, and Washington DC – however the list is always changing. These state tax incentives currently range from $500 to $5,000. Please consult your knowledgeable financial planner or tax specialist to determine how the state and federal incentive may apply to you.

Genesis of Schaumburg is happy to answer any other questions you may have regarding EVs or the upcoming Electrified Genesis G80. To learn more about electric and plug-in hybrid vehicles, as well as about the upcoming model, click here.