This week, Governor Lamont announced new incentives to Connecticut's consumer rebate program for electric vehicles (known as the Connecticut Hydrogen and Electric Automobile Purchase Rebate, or CHEAPR) to encourage a greater number of residents to buy or lease electric cars.
The program provides a cash rebate for state residents who purchase or lease an eligible electric vehicle costing up to $42,000. Below you can see some of the new incentives which have now gone into effect until December 31, 2021 (or until funding runs out):
(NOTE: "BEV" is a battery-electric vehicle; "PHEV" is a plug-in hybrid electric vehicle; and "FCEV" is a fuel cell electric vehicle.)
For new vehicles, the CHEAPR rebate is now:
- $2,250 for a new BEV (previously $1,500)
- $750 for a new PHEV (previously $500)
- $7,500 for a new FCEV (previously $5,000)
Under the Rebate+ New program, eligible purchasers or lessees may receive an additional:
- $2,000 for a new BEV
- $1,500 for a new PHEV
- $2,000 for a new FCEV
Under the Rebate+ Used program, eligible purchasers or lessees of qualified used vehicles will receive:
- $3,000 for a used BEV
- $1,125 for a used PHEV
- $7,500 for a used FCEV
For additional information on the CHEAPR program, CLICK HERE. |