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Federal Tax Credits for Pre-owned Plug-in Electric and Fuel Cell Vehicles

Pre-owned all-electric, plug-in hybrid, and fuel cell electric cars purchased on or after January 1, 2023, may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000.

The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.

For more information, please visit the following links:

 

CHEAPR has EVolved!

Effective March 29, 2023, the CHEAPR program is evolving to a point-of-sale (POS) rebate for CHEAPR Standard, Rebate+ New, and Rebate+ Used! You will now be able to receive your CHEAPR Rebate+ Used incentive at the dealer.

 

Note: Rebate+ Used will be both a point-of-sale (receive at dealership) and a post-purchase rebate going forward.

 

 

Eligible Used Vehicle Incentive Amounts

Rebate+ Used qualifying individuals1 are eligible to receive a rebate for the purchase or lease of a used eligible vehicle from a Connecticut franchised used automobile dealer or original equipment manufacturer (i.e. Tesla). For more information, visit the Rebate+ page.

Battery Electric Vehicles (BEVs)

A BEV is a vehicle that obtains all its power from energy stored in rechargeable battery packs. BEVs use electric motors and do not use an internal combustion engine.

MSRP Cap: $50,000 (When Vehicle Was New)
Rebate+ Used Incentive: $3,000

 

Plug-In Hybrid Electric Vehicles (PHEVs)

A PHEV is a vehicle that can be driven solely on electricity, powered by its internal rechargeable battery but also includes an internal combustion engine or electric generator powered by gasoline to extend the range of the vehicle.
MSRP Cap: $50,000 (When Vehicle Was New)
Rebate+ Used Incentive: $1,125

Fuel Cell Electric Vehicles (FCEVs)

A FCEV is a vehicle that is fueled with hydrogen but emits no pollutants, only water and heat. A fuel cell located in the car converts hydrogen to electricity which powers the electric motor to drive the vehicle.
MSRP Cap: $50,000 (When Vehicle Was New)
Rebate+ Used Incentive: $7,500
 

Eligible Used Vehicles

If you believe a vehicle should be included on this list, please Contact Us and let us know. If you cannot view this list, please try a different browser or download the used eligible vehicle list.

Chevrolet
Bolt
2017-2021

EV Range

238 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Chevrolet
Volt
2015-2019

EV Range / Total Range

53 Miles / 420 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Chrysler
Pacifica PHEV
2017-2021

EV Range / Total Range

33 Miles / 570 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Fiat
500e
2015-2019

EV Range

84 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Ford
Escape PHEV
2020

EV Range / Total Range

37 Miles / 530 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Ford
Fusion Energi
2015-2020

EV Range / Total Range

26 Miles / 610 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Honda
Clarity Fuel Cell
2017-2021

EV Range

366 Miles

CHEAPR Rebate+ Used:

$7,500

Total Savings:

$7,500

Honda
Clarity PHEV
2018-2021

EV Range / Total Range

47 Miles / 340 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Hyundai
Ioniq Electric
2017-2021

EV Range

124 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Hyundai
Ioniq PHEV
2018-2021

EV Range / Total Range

29 Miles / 630 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Hyundai
Kona
2019-2021

EV Range

258 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Hyundai
Nexo
2019-2021

EV Range

354 Miles

CHEAPR Rebate+ Used:

$7,500

Total Savings:

$7,500

Hyundai
Sonata PHEV
2016-2019

EV Range / Total Range

27 Miles / 590 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Kia
Soul Electric
2015-2019

EV Range

111 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Kia
Niro Electric
2019-2020

EV Range

239 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Kia
Niro PHEV
2018-2020

EV Range / Total Range

26 Miles / 560 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Kia
Optima PHEV
2017-2020

EV Range / Total Range

29 Miles / 610 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Mini Cooper
Countryman PHEV
2018-2020

EV Range / Total Range

12 Miles / 270 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Mini Cooper
Hardtop Electric
2020-2021

EV Range

110 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Mitsubishi
Outlander PHEV
2018-2021

EV Range / Total Range

22 Miles / 310 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Nissan
Leaf, 40kWh
2018-2021

EV Range

151 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Nissan
Leaf S Plus, 62kWh
2019-2021

EV Range

226 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Nissan
Leaf SV/SL Plus, 62kWh
2019-2021

EV Range

215 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Subaru
Crosstrek PHEV
2019-2021

EV Range / Total Range

17 Miles / 480 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Tesla
Model 3 Std. Range
2017-2021

EV Range

220 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Tesla
Model 3 Std. Range Plus
2017-2021

EV Range

263 Miles

CHEAPR Rebate+ Used:2

$3,000

Total Savings:

$3,000

Tesla
Model Y Std. Range
2017-2021

EV Range

244 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

Toyota
Mirai
2016-2021

EV Range

312 Miles

CHEAPR Rebate+ Used:

$7,500.

Total Savings:

$7,500.

Toyota
Prius Prime
2017-2021

EV Range / Total Range

25 Miles / 640 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Toyota
Rav4 Prime
2020-2021

EV Range / Total Range

42 Miles / 600 Miles

CHEAPR Rebate+ Used:

$1,125

Total Savings:

$1,125

Volkswagen
e-Golf
2015-2019

EV Range

250 Miles

CHEAPR Rebate+ Used:

$3,000

Total Savings:

$3,000

 

Notes:

Data on this page is compiled from fueleconomy.gov and manufacturers' data and is for general informational purposes only. Data for vehicles labeled "coming soon" are estimates based on early reports and are not to be viewed as official. All prices, technical data points and features and figures may vary based on model year and trim level. Please visit the specific manufacturer websites or ask your dealer for the latest information about each vehicle.

EV Range is the approximate distance that can be traveled on a fully charged battery using electricity only. Range can vary greatly depending on driving and environmental conditions.

Total Range is the approximate total electric and gas range of the vehicle. Range can vary greatly depending on driving and environmental conditions.

Efficiency represents the number of miles the vehicle can travel using a quantity of fuel with the same energy content as a gallon of gasoline. This allows a reasonable comparison between vehicles using different fuels. For example, you can use MPGe to compare an electric vehicle with a gasoline vehicle; even though electricity used is obviously not measured in actual gallons.

1 Rebate+ qualifying individuals must meet one of these criteria:

The CHEAPR program is able to process rebate applications from individual consumers who purchase or lease an eligible vehicle directly from an original equipment manufacturer (OEM) that does not have licensed franchised new automobile dealers in Connecticut (e.g., Tesla). However, when such vehicles are authorized for sale or lease within Connecticut, applicants will be required to purchase or lease such vehicles from retail locations located within the state in order to be eligible for the CHEAPR program.

 

Content last updated April 6, 2023