Connecticut Starts $3,000 Electric Vehicle Rebate Program
While some states are currently scaling back rebate and incentive programs in the US, Connecticut is just getting started.
Announced on Tuesday by Governor Dannel P. Malloy, buyers of electric vehicles are eligible for up to $3,000 in rebate incentives.
“This rebate puts money right back in people’s pockets and makes the cost of purchasing or leasing an electric vehicle competitive with the price of a conventional car. Putting more Connecticut drivers behind the wheel of an EV is what it will take to drive down harmful carbon emissions linked to climate change, reduce conventional pollutants that threaten our air quality and public health, and help motorists reduce the cost of owning and operating a car.” – Governor Malloy
Funding is still somewhat limited at this point, as initial funds have been made available to the state as a result of an agreement that allowed for the merger of Northeast Utilities and NSTAR in the amount of $1 million dollars.
The rebates are administered through EVConnecticut’s CHEAPR program (Connecticut Hydrogen and Electric Automobile Purchase Rebate Program).
And unlike the federal program, the Connecticut program works on a fixed sliding scale (not $ per kWh), assigning rebates of $3,000 for those EVs (BEV/FCEV/PHEV) with 18 kWh of battery capacity or greater – which interestingly, is just below the new threshold of the 2016 Chevrolet Volt. Rebates of $1,500 and $750 are also available for shorter distance cars.
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 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.
CT residents also continue to enjoy a $38 for a 2-yr registration for electric vehilces, instead of the $80 for a conventional gas vehicle!
According to R.L. Polk and Company, there are 2,754 EVs currently registered in Connecticut. CT is also part 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.
“Electric vehicle incentive programs are extremely effective. Our dealerships have been selling electric vehicles for many years. We know this new rebate will help get more consumers to decide to make this investment in a new car and the environment,” Jim Fleming, President of the Connecticut Automotive Retailers Association, said. “We want to thank Governor Malloy and Commissioner Klee for having the foresight to secure the funding for this program and continuing to strengthen the electric vehicle market.”
A list of eligible vehicles and program specifics can be found here. (Hat tip to Brian/Buggdog!)