Are There Any Connecticut EV Incentives?

Are you interested in upgrading your Darien commute with an all-new BMW i4 electric sports coupe or BMW iX EV Sports Activity Vehicle®? If so you’ll want to know about the available Connecticut EV incentives. From Connecticut EV tax credits to EV rebates, federal, state, and community incentives make electric vehicles and charging stations more affordable than ever. Take a moment to learn more, and then apply for financing with BMW of Greenwich and contact us to reserve your Solterra before supplies run out!

Connecticut EV Tax Credits & Incentives

In place of a Connecticut EV tax credit in 2022, the state has a program that offers substantial rebates on your electric vehicle purchase. Along with the Connecticut EV incentives, there are federal tax credits and local community rebates for the purchase or lease of an EV and the purchase and installation of an at-home EV charging station. Check out the available incentives, rebates, and tax credits below:

• Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR): While not a Connecticut EV tax credit per se, this program offers incentives of up to $7,500 for Connecticut residents who purchase or lease an eligible battery-electric, plug-in hybrid electric, or fuel cell electric vehicle (EV).
• Federal EV Tax Credit: All electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle. In addition, Congress retroactively extended the alternative vehicle refueling equipment tax credit through December 31, 2020. Consumers could be eligible for up to a 30% federal tax credit for the cost of the EVSE and installation. For more information about the tax credit please see the US Dept. of Energy website.
• Norwich Public Utilities (NPU): Electric customers are eligible for up to a $1,500 rebate for the purchase or lease of a new or used all-electric (EV) or plug-in hybrid electric vehicle (PHEV), and up to a $4,000 rebate for the purchase and installation of EV charging equipment. NPU rebates are in addition to available federal, state, and manufacturers’ rebates and incentives

Along with the available Connecticut EV incentives, the state Public Utilities Regulatory Authority (PURA) has established a nine-year program to support the installation of electric vehicle charging infrastructure across the state, focusing on equity and inclusion. This includes the installation of a home EV charger. Electric vehicle owners from White Plains to Darien can take advantage of the following rebates and incentives:

• Networked Level 2 Charger: Rebate up to $500 on your purchase, plus another $500 rebate if you require a wiring upgrade to 240 volts.
• Non-Networked Level 2 Charger: One-time enrollment incentive of $100.

Note that electric vehicles include battery electric vehicles (BEVs), plug-in electric vehicles (PHEVs), and fuel-cell electric vehicles (FCEVs).

Learn More About Connecticut EV Incentives & the New BMW EV Models Today at BMW of Greenwich!

Whether you decide on the BMX i4 or BMW iX, the Connecticut EV incentive and tax credits are a terrific perk. These eco-friendly vehicles deliver superior performance while helping to reduce your carbon footprint. BMW has gone the extra mile by recently announcing that it will switch to low-carbon steel in order to reduce CO2 emissions in its supplier network. Its goal is to use low-carbon steel to meet over 40% of demand at its European plants by 2030, which will reduce CO2 emissions by up to 400,000 tons per year. If you have questions or would like more information about new and future BMW EV models, please feel free to contact us.