Electric Vehicles (EVs) are on the rise here in Northern Colorado. As your local electric co-op, we want to provide you, our members, with information you can trust whether you’re considering switching to an EV or just curious about them.
In terms of numbers, there are over 36,000 EVs on the roads in Colo., or just under 4% of total cars, with nearly 1,800 EVs in our service territory alone. While EVs make up only a small percentage of the total automotive market today, that number is expected to increase. The fact is undeniable that consumer preferences are shifting.
What's right for me?
From all-electric vehicles to plug-in hybrid electric vehicles, consumers have a wide variety of types, brands, models, and options to fit their lifestyle or budget. For more information on the differences, visit www.pvrea.coop/ev.
We recently sat down with Poudre Valley REA member, Don Morris, to discuss his Tesla Model Y purchase back in October of 2020 to find out his feelings after the first six months of owning his EV.
An Economic Decision
With an average MSRP of a Model Y starting at $39,990, Don emphasized the financial hurdles in EV adoption. “They are more expensive upfront,” Don said. “I’m not going to say that everyone should do it. If it’s not economical, it won’t happen.”
However according to a study for the Colorado Energy Office, the average lifetime savings of an EV over an internal combustion engine vehicle will be more than $3,000. Most notably, these findings highlight the impacts of decreasing prices combined with increasing effects for first and second owners of EVs.
“You buy one that is one or two years old and let someone else take that depreciation,” Don recommended. “And when you buy a new vehicle, I think by 2025 you’re going to find the price has come down, and the charge ease has gone up, and the range went up.”
Another potential hurdle of EV adoption is the worry about the lack of charging infrastructure, especially throughout rural areas. This hesitation is known as ‘Range Anxiety’.
But here at Poudre Valley REA, we’re working hard with various community partners and members to increase the charging infrastructure throughout our service area. Plus we offer charger rebates for both private and public use!
One feature that helps to ease range anxiety is Tesla’s onboard computer. It calculates where and for how long you’ll need to stop to charge.
“I’ve had it up to Casper (Wyo.) several times and other places,” Don said. “At first I was worried. Would I be able to find places to charge it? There were fears of that. But after a few times on the road, you find out that it’s fine. You put in a destination, it maps it out, it figures where you’re going to have to stop for charging, it tells you how long you’re going to be there. And it links you right up to the stall and then back to the route. And then off you go!”
Don said he had done his research prior to purchasing his vehicle. He recommends watching YouTube videos posted by other EV owners to get an appreciation for the features and expectations.
He commented on safety features available through the Tesla app such as remote locking and location tracking. He remarked on the surprising amount of storage. And
the climate settings helped warm his car and clear his windshield this winter before he stepped foot inside.
And speaking of, he said it was quite capable in our Colorado winters. The dual-motors and low center of gravity combined for excellent handling conditions. The only problem he noted was the 6.5-inch ground clearance while traversing deep snow, which would happen to any similar cross-over SUV.
At the end of our time together, Don said, “It was a wise move for getting an EV, and it should be cheaper over the lifetime of the car.”
When asked why he decided to go all-electric in the first place, Don said, “I see climate change as real and that we’ve got to do something about it. So, I see a moral perspective to it.” Don concluded that, “This is a way for you to do your part.” As we continue on our path to meeting our 80 by 30 goal, more and more Poudre Valley REA electricity used to power Don’s car will come from renewable sources of generation.
We’d like to thank Don for sharing his story with us to help other members who might be considering adopting one of these vehicles.
So for other Poudre Valley REA members, we recommend taking a look at the pros and cons of owning an electric vehicle. Check out the resources available to you on our website. Then call us to talk to one of our Energy Resource Experts about how best to make the transition if you’re interested.
We have rebates for chargers available to our members. As well as different rate options for those who charge during off-peak times. We also have a reward program for EV owners interested in helping optimize the power grid for the future of EV driving and charging.
EV Charger Rebates
We have rebates for Level 2 chargers for private and public use. Level 3 chargers are evaluated on a case-by-case basis. Contact us to see if your charger qualifies!
Join to help optimize the grid for EV adoption and keep charging costs low. Plus you’ll be eligible to earn $100 for installing and activating your device!
SIGN UP: Registration is easy, after acceptance we'll ship a connected car device to you for installation.
CONNECT: Installation after receiving your connected car device takes a few minutes and you're ready to go.
TRACK YOUR STATS: Start logging your driving and charging after plugging in. View your stats in your personal SCR portal.
GET REWARDED: You're all set! Start earning rewards and track stats for driving and charging your EV.
For more information, please visit www.pvrea.coop/ev or call us at 1.800.432.1012