Tax Incentives & Benefits
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State Benefits for Connecticut
Hydrogen and Plug-In Electric Vehicle (PEV) Rebate
The Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR) offers rebates for the incremental cost of the purchase or lease of a hydrogen fuel cell electric vehicle (FCEV), all-electric vehicle (EV), or plug-in hybrid electric vehicle (PHEV). The manufacturer suggested retail price for eligible vehicles may not exceed $60,000 for FCEV models and $42,000 for EV and PHEV models. Rebates are offered based on battery range in the following amounts:
or more information, see the Connecticut Department of Energy and Environmental Protection EV Connecticut website.
(Reference House Bill 7424, 2019)
DISCLAIMER
See afdc.energy.gov for information on state incentives. You are encouraged to visit your state program's website for the most up-to-date information on availability and redemption requirements for state incentives. State incentives are outside of the control of Volvo Cars and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for state incentives.
The Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR) offers rebates for the incremental cost of the purchase or lease of a hydrogen fuel cell electric vehicle (FCEV), all-electric vehicle (EV), or plug-in hybrid electric vehicle (PHEV). The manufacturer suggested retail price for eligible vehicles may not exceed $60,000 for FCEV models and $42,000 for EV and PHEV models. Rebates are offered based on battery range in the following amounts:
| Vehicle Type | Rebate Amount | Required Battery Range |
| PHEV | $500 | Any PHEV |
| EV | $1,500 | 200 miles or greater |
| EV | $500 | Less than 200 miles |
| FCEV | $5,000 | Any FCEV |
or more information, see the Connecticut Department of Energy and Environmental Protection EV Connecticut website.
(Reference House Bill 7424, 2019)
DISCLAIMER
See afdc.energy.gov for information on state incentives. You are encouraged to visit your state program's website for the most up-to-date information on availability and redemption requirements for state incentives. State incentives are outside of the control of Volvo Cars and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for state incentives.
Federal Incentives
You may qualify for a federal tax credit of up to $7,500 on the purchase of qualifying vehicles. Your eligibility for income tax credits depends on your personal tax situation. For further details, visit the Internal Revenue Service's page on Plug-In Electric Drive Vehicle Credit (IRC 30D) and refer to IRS Form 8936. Government incentives are outside of Volvo Cars's control and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.
State Incentives
Your state may also offer additional benefits for the purchase of qualifying vehicles. Visit the U.S. Department of Energy's website and your state program's website for the most up-to-date information on availability and redemption requirements. Government incentives are outside of Volvo Cars' control and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.
Taxes, title, registration and destination charges are extra and not included in the price. Pricing is indicative and subject to change. Vehicle shown may be equipped with optional equipment at an additional cost.
You may qualify for a federal tax credit of up to $7,500 on the purchase of qualifying vehicles. Your eligibility for income tax credits depends on your personal tax situation. For further details, visit the Internal Revenue Service's page on Plug-In Electric Drive Vehicle Credit (IRC 30D) and refer to IRS Form 8936. Government incentives are outside of Volvo Cars's control and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.
State Incentives
Your state may also offer additional benefits for the purchase of qualifying vehicles. Visit the U.S. Department of Energy's website and your state program's website for the most up-to-date information on availability and redemption requirements. Government incentives are outside of Volvo Cars' control and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.
Taxes, title, registration and destination charges are extra and not included in the price. Pricing is indicative and subject to change. Vehicle shown may be equipped with optional equipment at an additional cost.
Volvo Cars reserves the right to make changes to any information at any time, e.g. to final prices, taxes, fees, etc. Please refer to the Terms & Conditions for more detailed information.
 Federal Incentives 1 Fully Electric Federal tax credits for the purchase of a fully electric vehicle are available in every state. Learn More Up to $7,500 Federal Tax Credit | Federal Incentives 1 Fully Electric Federal tax credits for the purchase of a plug-in hybrid vehicle are available in every state. Learn More Up to $5,419 Federal Tax Credit |
1You may qualify for a federal tax credit of up to $7,500 on the purchase of a qualifying all-electric vehicle or up to $5,419 on the purchase of a qualifying plug-in hybrid vehicle. Your eligibility for income tax credits depends on your personal tax situation. For further details, visit the Internal Revenue Service's page on Plug-In Electric Drive Vehicle Credit (IRC 30D) and refer to IRS Form 8936. Government incentives are outside of the control of Volvo Cars and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.
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