How long will it take the Peugeot e-308 to pay for itself?
Cash
Lease
Peugeot e-308
Purchase Price
$
ICE Vehicle
Purchase Price
$
Peugeot e-308
Down Payment
$
Monthly Payment
$
ICE Vehicle
Down Payment
$
Monthly Payment
$
$
How long until the Peugeot e-308 breaks even?
EV Return on Investment (ROI)
$K
$K
$K
$0
−$K
−$K
−$K
EV ROI
Y0
EV ROI
Y1
EV ROI
Y2
EV ROI
Y3
EV ROI
Y4
EV ROI
Y5
Year
EV
ICE
EV ROI
0
1
2
3
4
5
The Peugeot e-308 will pay for itself right away. will pay for itself in years. won’t pay for itself in 5 years. It costs lessmore upfront (after accounting for in EV incentives), and saves about in fuel each year. Monthly lease payments are lowerhigher for the EV compared to the ICE car. Your net cost savings in five years will reach approximately . remain negative.
These estimates are based on current conditions and don't include things like gas and electricity prices changing, or car maintenance and insurance costs.
Save More with EV Incentives
Explore rebates, tax credits, grants and other benefits
Federal Incentives
Federal EV Charger Tax Credit
Category: Tax BenefitsIndividuals in low-income communities and non-urban areas who purchase qualified residential EV charger after January 1, 2023, may receive a tax credit of up to $1,000.
In order to qualify, individuals need to be located in low-income community census tracts or non-urban census tracts as defined in IRS Notice 2024-20.
Federal Tax Credit for Pre-Owned Electric Vehicles
Category: Tax BenefitsPre-owned all-electric vehicles purchased in 2023 or after may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The vehicle must be purchased from a dealer, have a sale price of $25,000 or less, and must have a model year two years prior to the current calendar year.
Category: Tax BenefitsAll-electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The availability of the credit will depend on several factors: Vehicle's MSRP, Final assembly location, Battery component and/or critical minerals sourcing, Taxpayer’s modified adjusted gross income (AGI).
Discussion
No registration required.