Colorado has some of the most lucrative incentives for electric car purchases. These credits and other incentives subsidize financially-savvy Americans like Mr. Money Mustache while the rest of Americans pay the costs
Over the last couple years I've become fascinated and inspired by a cohort1 of personal finance bloggers who push frugality to the extreme. One of my favorites is Mr. Money Mustache.
Mr. Money Mustache is a treasure trove of sage advice for building net worth and reducing wasteful expenditures. His latest blog post is about his purchase of an electric car--the 2016 Nissan Leaf.
From a personal finance perspective, his case for buying the car is a slam dunk. How, you might ask, could buying a new car ever be the financially prudent thing to do? Well, when you're raking in electric car subsidies from both the state of Colorado and the federal government, the numbers actually look pretty rosy. Mr. Money Mustache, who to his credit is quite transparent, offers us the following data on the purchase:
