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Purchasing Incentives

Lower your costs when purchasing or leasing a ZEV
 

What's the big deal? Greater affordability!

Incentives help to drive down your cost when buying or leasing a ZEV.  Financial incentives may come in the form of additional tax credits, vehicle or charging infrastructure rebates or vouchers, vehicle registration fee reductions, and low-interest finance loans.

CHEAPR (Connecticut Hydrogen and Electric Automobile Purchase Rebate)

The CHEAPR program is administered by the Department of Energy and Environmental Protection. CHEAPR provides an on-the-hood cash rebate for residents, businesses, and municipalities that purchase or lease a battery electric vehicle (BEV), a fuel cell electric vehicle (FCEV), or a plug-in hybrid vehicle (PHEV). FCEVs receive the largest rebate of $5,000, while BEVs and PHEVs receive incentives on a sliding scale based on battery capacity and vehicle technology. 

EPA Rated Electric RangeIncentive Amount
Any fuel cell electric vehicle$5,000
BEV: 200 miles or greater$2,000
BEV: 120-199 miles$1,500
PHEV: 45 miles or greater$1,000
BEV: Less than 120 miles
PHEV: Less than 45 miles
$500

More than 35 vehicles of different types are currently on the eligible vehicle list for CHEAPR. This list continues to grow as manufacturers release new models. For more details about the CHEAPR program, visit EVConnecticut.

Department of Motor Vehicles incentives

At the Department of Motor Vehicles, ZEVs are eligible for a reduced registration fee and are not subject to certain fees typically levied on gasoline-fueled vehicles.

Reduced Vehicle Registration Fee

EVs are eligible for a reduced vehicle registration fee of $38. (Non-EVs are typically charged a vehicle registration fee of $80.)

EV Emissions Inspection Exemption

Vehicles powered exclusively by electricity are exempt from Connecticut's motor vehicle emissions inspection requirement. (Vehicles subject to an emissions test are assessed a $20 fee.)

Emissions Exemption Fee

For their first four model years from manufacture, new vehicles are exempt from having to report for an emissions test. When any vehicle that is four or less model years old is registered for the first time in Connecticut, the owner must pay a $40 emissions exemption fee. However, because vehicles powered exclusively by electricity produce no tailpipe emissions, they are exempt from the emission inspection requirement and the $40 emissions exemption fee.

Municipal electric utility incentives

If you are a customer of Groton Utilities or Bozrah Light & Power, Groton Utilities offers a $2,000 rebate for the purchase of an EV and a $1,000 rebate for the lease of an EVs. This offer is limited to the first 20 EVs in each category. Eligible customers can also apply for an additional $600 rebate toward an approved Level 2 charging station. Visit Groton Utilities' Electric Vehicle Rebate Program webpage for more information.

Auto manufacturer incentives

Auto manufacturers and dealerships may offer incentives for vehicle purchases in Connecticut under certain conditions for qualification. Below are the offers we are aware of:

Nissan rebates (offer extended to September 30, 2019)

Nissan has partnered with the Connecticut Green Bank to offer a $5,000 rebate off the MSRP on a new 2019 Nissan Leaf or a $2,500 rebate off the MSRP on a new 2019 Nissan Leaf Plus. These rebates can be combined with applicable federal and state incentives. We encourage you to review complete offer details at Connecticut Green Bank's EV website before visiting a participating Nissan dealership in Connecticut.

Fleet rebates

Is your organization or small business interested in switching to an electric fleet? Below is a quick sample of auto manufacturers know to offer competitive EV fleet pruchase programs. We highly recommend that your organization or small business contact auto manufacturers directly to check whether they currently offer a fleet-based incentive. 

Ford  |  General Motors  |  Nissan  

Federal EV Tax Credit

Your purchase or lease of a new ZEV may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the battery capacity used to power the ZEV. To find the specific amount of tax credit for each ZEV model you are considering, visit FuelEconomy.gov’s website:

Tax Credits for Electric Vehicles and Tax Credits for Plug-in Hybrids

To claim this federal tax credit, you must fill out the following IRS form:

IRS Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit

Financing Loan Programs

At this time, we know of no financing loan programs being offered by banks, credit unions, or other financial institutions that particularly focus on or involve ZEV purchases or leases.

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