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Signs of Life for CHEAPR

CHEAPR rebates through August 2022

Rebates Increase Due to Higher MSRP Cap CHEAPR rebates rose to 115 in August, and July was restated to 92, up from 57 in June and the low point for this year in February of … Read more

Tesla Still Driving EV Adoption

Line Chart of EV Registration Trend in CT

Registered EVs by Make The pace of new EV model introductions has dramatically increased over the past year, but it is still Tesla that is driving the largest share of adoption. In other words, Tesla … Read more

CHEAPR July 2022 Update

CHEAPR Rebates by Month Through July 2022

New CHEAPR, Though Still A Slow Pace of Rebates There were 57 CHEAPR rebates awarded in July, the first month where the higher MSRP cap, now $50,000, was in effect. This was the same number … Read more

CHEAPR June Wrap – The New Program Awaits

CHEAPR Rebates by month through June, 2022

“Old CHEAPR” Quietly Ends – How Fast Will The New Program Ramp? June was a slow rebate month by any measure with just 57 rebates, of which 41 were PHEV. These numbers continue recent trends … Read more

EV Registrations Up 19% in First Half of 2022

Trend of Registered EVs in CT thru July 2022

25,444 Registered EVs The new number is the result of 5,441 EVs added to the rolls from January through June (and turnover of 1,379 EVs). This represents virtually the same pace relative to the 5,407 … Read more

CHEAPR May 2022

CHEAPR Rebates Thru May 2022

$50K MSRP Cap Effective July 1 The first of the changes to the incentive program has been implemented as of July 1, namely an increase in the $42,000 MSRP cap to $50,000. This is still … Read more

CHEAPR Update April 2022

CHEAPR Rebates Through April 2022

Treading Water – Awaiting New Program Implementation The data for April have been posted, a low number of 51 rebates. We are in a holding pattern at this point as we await the particulars of … Read more

CHEAPR – Update and SB-4 Passes Senate

CHEAPR Rebates by Month Through March 2022

Modest Increase in March Rebates The CHEAPR rebate count was up modestly to 96 rebates, 64 of them PHEVs. The big gorilla was the Toyota RAV4 Prime, continuing its run as by far and away … Read more

Feb CHEAPR Roundup

CHEAPR Rebates by Month Thru Feb 2022

Low Rebate Levels Continue There were 50 total rebates awarded in February 2022. January was restated from 40 to 52. There were no LMI (income limited) rebates as far as we can discern. These rebates … Read more