Connecticut providing up to $3K cash rebate for buyers of BEVs, FCEVs, and PHEVs while funding lasts
Connecticut Governor Dannel P. Malloy announced the Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR). Under this new initiative, a cash rebate of up to $3,000 is now available for Connecticut residents, businesses, and municipalities who purchase or lease an eligible electric vehicle (EV). EVs covered by CHEAPR include battery electric (BEV), fuel cell (FCEV), and plug-in hybrid (PHEV) vehicles.
CHEAPR rebates are being offered at three levels:
The maximum $3,000 rebate is available for vehicles with a battery capacity of 18 kWh or greater of for any fuel cell electric vehicle. Vehicles in this category include the Nissan Leaf, VW e-Golf, Ford Focus Electric, BMW i3, and Mercedes Benz B class.
A $1,500 rebate is available for vehicles with a batter capacity of seven to 18 kWH. Vehicles in this category include the Chevy Volt, Ford C-Max Energi and Fusion Energi.
A $750 rebate is available for vehicles with a battery capacity of less than 7 kWH, such as the 2015 model year Toyota Prius Plug-In.
Rebates will be available until the $1 million in funding is distributed to consumers. If additional funding becomes available, the program may be extended.
Funds for the CHEAPR pilot program, which is being administered through the EVConnecticut program, come from $1 million that was made available to the state as a result of an agreement that allowed for the merger of Northeast Utilities and NSTAR. The merger of those companies, now known as Eversource Energy, was completed on 12 April 2012.
The CHEAPR program will also help Connecticut achieve the goals of the eight-state, bi-coastal Zero Emission Vehicle (ZEV) Action Plan designed to put 3.3 million zero-emission vehicles on the road by 2025.
According to R.L. Polk and Company, there are 2,754 EVs currently registered in Connecticut.
In addition to CHEAPR rebates, consumers can take advantage of a Federal Income Tax Credit to help drive down the cost of purchasing a new plug-in electric vehicle. The credit ranges from $2,500 to $7,500, based on the battery capacity of the vehicle.