June 9, 2016
Connecticut Green Guide

CT adds another $1M to electric-vehicle rebates

The Department of Energy and Environmental Protection said it has added $1 million to its rebate program for green vehicle and plans to soon offer a bigger incentive for fuel-cell vehicles.

The rebate program, known as CHEAPR, was launched in 2015 with funds from a settlement authorizing the merger of Eversource and NSTAR and offers rebates as large as $3,000 for purchases of battery electric, fuel cell electric, or plug-in hybrid electric cars. The largest rebates go to those who purchase the vehicles with the greatest battery capacity.

The newly added $1 million comes on the heels of an extra $2 million announced in November, which was split among consumers and government agencies, and will help sustain the program beyond July, when it was projected to run out of funds.

CHEAPR has issued or reserved $1.5 million for the purchase or lease of 626 new electric vehicles since it was founded last May.

Starting next month, DEEP will tweak the rebate levels to promote the best performing electric vehicles. The agency said rebates of up to $5,000 will go to buyers of fuel cell powered electric vehicles, while other types will continue to receive the same incentives, ranging from $750 to $3,000.

DEEP made the announced Thursday in Milford, where it presented an award to Steven Ford for selling the most electric cars of any dealer in the state. Stevens sold 56 electric vehicles since May 2015, DEEP said.

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