Federal Tax Incentives for New or Used All-Electric, Plug-in Hybrid Vehicles and Fuel Cell Vehicles
All-electric, plug-in hybrid, and fuel cell electric cars purchased in 2023 or after may be eligible for a federal income tax credit of up to $7,500 or $4,000 for a new or used eligible EV respectively. The availability of the credit will depend on several factors, including the vehicle's MSRP, its final assembly location, and your modified adjusted gross income (AGI).
Eligible New Vehicles
CHEAPR Standard incentives of up to $7,500 are available to Connecticut residents who purchase or lease a new eligible vehicle from a licensed Connecticut new automobile dealer or original equipment manufacturer (i.e. Tesla). Rebate+ New qualifying individuals1 are eligible to receive a Standard and an additional rebate (Rebate+ New) at the time of purchase. In addition, some vehicles may qualify the purchaser eligible for a federal income tax credit of up to $7,500.
Eligible New Vehicles List
To determine if a vehicle is eligible for a CHEAPR rebate, please refer to the official CHEAPR new eligible vehicle list document. Information displayed in the vehicle cards below is for informational purposes only and may not reflect the most up-to date listing of new eligible vehicles.
If you believe a vehicle should be included on this list, please Contact Us and let us know.
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...therefore burning no gasoline.
MSRP Cap: $50,000
Standard Rebate: $2,250
Rebate+ New Incentive: $2,000
Mini Cooper
Hardtop Electric
CHEAPR Std. Rebate
CHEAPR Rebate+ New1
$2,250
$2,000
Savings Up To:
$4,250
Nissan
Leaf S Plus, 62kWh
CHEAPR Std. Rebate
CHEAPR Rebate+ New1
$2,250
$2,000
Savings Up To:
$4,250
Nissan
Leaf SV/SL Plus, 62kWh
CHEAPR Std. Rebate
CHEAPR Rebate+ New1
$2,250
$2,000
Savings Up To:
$4,250
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
Standard Rebate: $750
Rebate+ New Incentive: $1,500
Mini Cooper
Countryman PHEV
CHEAPR Std. Rebate
CHEAPR Rebate+ New1
$750
$1,500
Savings Up To:
$2,250
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
Standard Rebate: $7,500
Rebate+ New Incentive: $2,000
Notes:
Data on this page is compiled from fueleconomy.gov and manufacturers' data and is for general informational purposes only. 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.
1 Rebate+ qualifying individuals must meet one of these criteria:
- Reside in an Environmental Justice (EJ) Community or Distressed Municipality
- Participate in a qualifying state or federal income qualifying program
- Have income less than 300% of the Federal Poverty Level (FPL)
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.
If you have any questions please view the Frequently Asked Questions or Contact Us for additional information.
Content last updated February 14, 2024
