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EV Sales in Connecticut Plummet Without Federal Tax Credits

Published 2 weeks, 6 days ago
Description

Electric vehicle sales in Connecticut plummeted after federal tax credits ended, with a sharp drop in new and used EV sales. Despite record rebates from the states CHEAPR program, sales crashed over 80% in October. However, total registrations climbed by 20% from last year, and used EV deals are becoming competitive with gas guzzlers due to expiring leases. Gas prices have spiked, potentially nudging more drivers towards electric vehicles. Lawmakers are considering bills to make CHEAPR more accessible and used high-end models.

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