Portland Electric Ways to Work
Did you know that on average, the cost to power a vehicle by electricity is half the cost per mile to power it by gasoline? And that switching to an electric vehicle can reduce your carbon footprint by up to 50%?
The popularity of electric and hybrid cars is growing and with the support of the Portland Clean Energy Community Benefits Fund, MFS has responded by transitioning our W2W program to focus on low and no emission vehicles and electric bikes.
We provide loans up to $12,000 at a below market interest rate and help participants navigate the rebates available when they purchase an electric or hybrid car.
Low and moderate income Portland residents may be eligible for up to $9000 in rebates and incentives for a fully electric vehicle and $3000 for a hybrid vehicle, and we know this can go a long way to buying a car.
In addition we offer loans for ebikes and help people find the ebike that is the best fit for them.