CHEAPR Incentive Unlikely To Increase

Summary of CHEAPR changes

Cut in Standard Incentive Likely to Stay, Absent a Huge Drop Off Or Restructuring After Federal Incentive Expires Post by Barry Kresch With the CHEAPR rebate program running hot, the agency tasked with running it, … Read more

Tax Credit Tango

Kia EV 6

Newly Released IRS Rule Making Slightly Loosens Sunset Of The Federal Tax Credit The IRS, which creates all the fine-print for the incentive, issued an updated set of rules on August 21 about the incentive … Read more

DEEP Preempts CHEAPR Rebate Cut With Another Cut

Hyundai Ioniq 5, Tesla Model 3, Ford Mustang Mach-E in Rocky Hill

Demand Spike Creates Budget Concerns DEEP announced that high recent utilization rates of its CHEAPR EV purchase incentive are causing it to pre-empt its planned August 15th incentive cut with a larger cut taking effect … Read more

The Big Bill That Is Not Beautiful

EV with $$$?

Impact on EV Incentives The House passed the Senate version of the bill. Had they not done so, there would have had to have been a negotiation to reconcile them which could have been protracted. … Read more

CT EV Charging Incentives Restricted

CT General Assembly Logo

SB-4 Passed by Legislature Restricts Incentive The part of the EV charging incentive that applies to single family residences was restricted in the just concluded legislative session. It is now only available to income-limited households … Read more

A Dishonest and Disingenuous EV Tax

Frazzled Emoji

“Big, Beautiful Bill” Imposes Annual $250 Registration Fee The $250 annual registration tax is the mayonnaise on the s**t sandwich that is the reconciliation bill that recently passed the House of Representatives. And, oh yeah, … Read more