Karma Revero GT

TBD

AFTER INCENTIVES

$134,800

MSRP

$144,800

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ESTIMATED INCENTIVES

$10,000

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Loan Payment

$2,566 / month

Down Payment

$15,675

10% of MSRP plus tax

ESTIMATED INCENTIVES

$10,000

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Lease Payment

$1,810 / month

FIRST LEASE PAYMENT

$17,484

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Incentives For Lease

$10,000

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TYPE

Sedan

Minimum Seats

4

FUEL TYPE

PHEV

ELECTRIC RANGE

61 miles

Total Range

330 miles

TIME TO CHARGE - LEVEL 2

~ 4 hr 40 min

BATTERY SIZE

28 kWh

CO2 EMISSIONS REDUCTION

10,009 lbs/yr

Trees Planted

209

Gasoline Saved

692 gal/yr

For more details including charts & calculations, please view this page on a desktop.

TBD
TBD
TBD
TBD

Compare the Karma Revero GT to a similar gas vehicle, the Mercedes-Benz S560 Convertible

20,000 miles

60%

5 Years

$3.16


Assumptions

Results have been updated as of 12/23/2020, 9:19:31 PM.

Cost to Fill Up Monthly

The Karma Revero GT is $110 cheaper to fill up monthly


VehiclesElectricityGasolineTotal
Karma Revero GT$72$81$153
Mercedes-Benz S560 Convertible$0$263$263

Cost of Ownership

The Karma Revero GT is $13,954 cheaper to own over 5 Years



DescriptionKarma Revero GTMercedes-Benz S560 Convertible
Vehicle$111,709$116,834
Maintenance$6,818$9,308
Insurance$14,078$13,799
Electricity$4,320$0
Gasoline$4,862$15,800
Total$141,787$155,742


We selected the Mercedes-Benz S560 Convertible based on its proximity to the Karma Revero GT based on brand, size, and price.

Up to $10,000 in tax credits and rebates are potentially available
for the Karma Revero GT

Tax Credit

$7,500

Federal Tax Credit


Tax credit for the purchase of a new plug-in electric drive motor vehicle. Credit amount depends on the car's battery capacity.

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit


Customers who purchase qualified residential fueling equipment before December 31, 2020, may receive a tax credit of up to $1,000.

Rebate

$1,500

California Clean Fuel Reward


A point-of-sale reward available to all California residents who purchase or lease of an eligible new Battery Electric (BEV) or Plug-in Hybrid (PHEV) vehicle at participating retailers.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption


Electric vehicles may use HOV lanes regardless of the number of occupants in the vehicle.

Financing

California Clean Vehicle Assistance Program Beneficial State Foundation


Beneficial State Bank has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program.

Rebate

$1,000

SCE Clean Fuel Reward Program


SCE offers a $1,000 rebate to buyers of new or used electric vehicles. (may not be combined with the California Clean Fuel Reward point-of-sale rebate). Applications must be submitted by December 31, 2020.

Special EV Rate

SCE TOU-D-PRIME


Southern California Edison (SCE) offers a special rate to customers for electricity used to charge PEVs called TOU-D-PRIME. This Time-Of-Use (TOU) rate plan has the same periods as our TOU-D-4-9PM rate plan option but offers the lowest off-peak rates of all TOU rate plans to optimize savings while charging your vehicle.

Rebate

Up to $500

South Coast AQMD Resident EV Charging Incentive Pilot Program


Incentive of $250 for the cost of hardware for eligible Level 2 residential chargers. Chargers not listed on the online application may be considered for the program. An additional incentive of up to $250 will be available for low income residents. Eligible vehicles must be on the Clean Vehicle Rebate Project (CVRP) eligibility list. This rebate can only be stacked with other programs towards the cost of installation.

Charging Stations

Public stations
Installed by business or government
Other Types of Stations
Private stations