The Connecticut Hydrogen and Electric Automobile Purchase Rebate program, known as CHEAPR, has just received a new round of funding that should keep this consumer friendly program sustainable through most of 2017. This pilot program has provided up to $3,000 as an incentive for Connecticut consumers to purchase or lease a new plug-in electric vehicle (up to $5,000 for a fuel cell electric vehicle).
Just as previous funding was used up, a new round of approximately $2 million dollars has been pooled together from a variety of sources for this program. Partners in the CT CHEAPR program include the Connecticut department of Energy and Environment, Eversource, the Center for Sustainable Energy, and the Connecticut Automotive Retailers Association. EVConnecticut is a partnership between the Connecticut Department of Energy and Environmental Protection and the Connecticut Department of Transportation.
To date, the CT CHEAPR rebate program has saved Connecticut consumers over $2.4 million on the purchase of efficient, environmentally friendly and sustainable plug-in Electric Vehicles.
Currently, there are over 20 automobile models qualifying for the CT CHEAPR rebate incentive, including the most popular plug-in EV, the Chevrolet Volt, which is eligible for the maximum $3,000 EV Rebate. Also included is the soon to be introduced 2017 Chevrolet Bolt EV, a 238 mile range plug-in Electric that will shatter previous cost perceptions for an EV with that type of range. The Bolt EV will come to market starting at $37,495, and after an available $7,500 Federal EV Tax Credit and the $3,000 CT CHEAPR Rebate, Connecticut residents will have the opportunity to purchase a new Chevy Bolt EV for as little as $26,995.
For more information on the benefits of driving electric, please contact one of the EV experts at Karl Chevrolet. Our sales and service consultants will be happy to answer any and all of your EV questions. Visit Karl Chevrolet online or CLICK HERE for hours and directions.