The Half-Hearted Incentive in the OBBB It is old news by now that the federal legislation did away with the purchase incentives for EVs as of October 1, but standing sheepishly in its place is … 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
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
The chart at the top of the post shows the number of rebates and amount of funds awarded monthly through August 2024. The reason for the dip in August is that there is only partial-month … 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
Above chart is the monthly rebate trend through November 29, 2023. Recent months tend to get restated higher in subsequent updates. LMI Program Focus The CHEAPR program has always had a focus on making an … Read more