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
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
Photo: Chevrolet Equinox Changes to BEV incentive and Rebate+ (income-limited) Incentives BEV incentive to be reduced for the second time this year, to $1000 Changes to this program are forthcoming on August 15, 2025. These … Read more
Further $500 Reduction on Hold As far back as last year, when DEEP reduced the standard purchase incentive for a BEV from $2250 to $1500 (which took effect on January 1 of this year), the … Read more
Record Year for Rebates But The Program May Be Charting a Change of Course The CT EV purchase incentive program awarded 6541 incentives in 2024. The chart at the top shows the monthly trend. Below … Read more
Post by Barry Kresch Way back in 2015, The New York Times published a story entitled, “A Car Dealers Won’t Sell: It’s Electric.” 2015 is a long time ago in EV years, but are we … Read more
New Rebate Schedule, Effective January 1, 2025. Standard Rebates Battery Electric Vehicle (BEV) – $1500 Plug-in Hybrid (PHEV) – $750 Income-Limited Rebate (Rebate+) BEV New – $4500 BEV Used – $5000 PHEV New – $1125 … Read more
Program Changes for 2025 Have Been Announced Rebates have been running hot for this program for the past couple of years as can be seen in the graph. It has gotten to the point that … Read more
post by Barry Kresch CT Roundtable for Climate and Jobs Panel The CT Roundtable for Climate and Jobs recently hosted a virtual event entitled “Transportation Infrastructure and Electric Vehicles in Connecticut.” I was one of … Read more
CHEAPR Program Running Hot The program has been setting records in terms of rebates awarded with each new month. January 2024 was a new high point with 708 rebates as seen in the chart at … Read more