For Immediate Release
Washington, D.C. (May 16, 2018) – Nissan and BMW are offering Pepco customers special incentives that can save thousands of dollars on the cost of certain all-electric vehicle (EV) models. In addition to the manufacturer incentives, customers could also qualify for up to $7,500 in federal tax credits and up to $3,000 in Maryland excise tax credits. In the District of Columbia, qualified alternative fuel vehicles are exempt from the excise tax imposed on an original certificate of title.
This offering is yet another of Pepco's efforts to provide new and innovative services and options for customers across the company's Prince George's and Montgomery Counties, Maryland and District of Columbia service area.
"Electric vehicles are a great alternative to help reduce carbon emissions and promote clean air and water quality goals in addition to being cheaper to operate and maintain than gas-powered vehicles," said Donna Cooper, Pepco region president. "These rebates and incentives provide Pepco customers a great opportunity to make the switch and gain the benefits of driving electric."
Nissan is offering Pepco customers a $3,000 rebate off the Manufacturer's Suggested Retail Price (MSRP) on the 2018 LEAF. This offer is available from Nissan North America Inc., through June 30, 2018, or while supplies last. To qualify for the savings, customers must bring a copy of this flyer and show their Pepco utility bill to participating Nissan dealerships.
BMW is offering Pepco customers $10,000 off the best negotiated purchase price of a new all-electric BMW i3 or BMW i3s through July 31, 2018. To redeem the offer, customers should bring their Pepco bill and a completed Pepco customer form to their local dealership.
As part of the company's efforts to advance electric vehicle technology, Pepco is at the forefront of collaborative efforts to provide customers with awareness and education of reduced electric rates, credits, rebates and other incentives to purchase and own electric vehicles.
In Maryland, Pepco partnered with its Exelon sister companies Baltimore Gas and Electric and Delmarva Power, as well as other energy companies and stakeholders, to file a proposal that would create the second largest EV charging network in the U.S. If approved, it would help energy companies meet customers' needs in the state, where, according to a recent survey released this week by the Edison Electric Institute, an overwhelming majority of residents support expanding EV charging infrastructure.
Customers can learn more about these EV incentives here.
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About Pepco: Pepco, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 842,000 electric delivery customers in Maryland and the District of Columbia.