Want to pay $1 per gallon for gas? There’s a way, but it might not be what you think.

New electric rates approved by Vermont regulators allow owners of electric vehicles to charge their batteries for the equivalent of paying about $1 per gallon of gas, according to Green Mountain Power.

The new off-peak EV rates are more than 20 percent less than traditional residential power rates. When you sign up for Rate 72, as the new offer is known, Green Mountain Power alerts you to energy peaks. The peaks usually last a few hours and usually start around 5 p.m. or 6 p.m. There are generally five to seven peaks per month.

As long as you don’t charge during those peaks, you’ll pay $0.133 per kilowatt hour to charge your EV, which works out to about $1.03 per gallon of gas. If you choose to charge during a peak, you’ll pay $0.168 per kilowatt hour.

Green Mountain Power also announced a discount of more than $2,500 for customers who buy or lease a Chevy Bolt at Alderman’s Chevrolet in Rutland. When combined with rebates from Green Mountain Power and General Motors, as well as the state of Vermont, the Bolt could be discounted by as much as $20,000, according to Green Mountain Power.

Mark Alderman of Alderman’s Chevrolet said in a statement his dealership has brought in “extra Bolts” in anticipation of “a lot of interest from customers.”

To learn more about Green Mountain Power’s EV offers, go to: https://greenmountainpower.com/rebates-programs/electric vehicles/

Contact Dan D’Ambrosio at 660-1841 or [email protected] Follow him on Twitter @DanDambrosioVT. This coverage is only possible with support from our readers. Sign up today for a digital subscription. 

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