Connecticut Department of Energy and Environmental Protection Board - - PowerPoint PPT Presentation

Connecticut Department of Energy and Environmental Protection

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Board Agenda

9:00 am Chair Commissioner Dykes Call to Order Introductions Summary of January 30 Meeting and Approval of Minutes (vote) 9:15 am Overview of CT’s Used Vehicle Market in Connecticut, Brad Hoffman 9:30 am Overview of CHEAPR program design options, CSE 9:45 am Discussion of CHEAPR Program Design 10:15 am Next Steps for Board Action on Program Design Options 10:30 am Public Comments

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Board Agenda

Introductions Summary of January 30 Meeting and Approval of Minutes (vote)

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Bridge funding put in place during program transition Public Act 19-117 (94) codified at Conn. Gen. Stat. section 22a-202 directs CHEAPR be administered by the CHEAPR Board on and after January 1, 2020. The Board must authorize incentive levels and use of gap funding during program transition. Program vendor DEEP and DAS have finalized the contract for program administration, and authorized CSE to prepare program design options for the board. Program parameters and implementation guidelines Today’s meeting initiates the Board’s discussion on the parameters including new parameters for used vehicles and income eligibility thresholds.

Update From January Meeting

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EV Roadmap Recommendations

• Move expeditiously to implement the

revised CHEAPR program per Public Act 19-117.

• Achieve funding stability and develop

strategies to prevent any program interruption.

• Continue to collect and analyze CHEAPR

purchase data to implement changes that improve overall program effectiveness.

• Assess rebate parameters, including

rebate levels, bins, LMI components, MSRP, eligibility criteria, and strategy to communicate program adjustments.

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• Consider implementation options with

and without auto dealer incentive.

• Maintain and expand education,

marketing and outreach.

• Support expansion and extension of the

Federal EV Tax Credit.

• Work to develop market-based

incentives to support EV adoption through TCI, the EDCs, and the OEMs.

• Maintain FCEV rebates at current levels

through the next five years of the program along with the development of infrastructure to incent the deploy FCEVs

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EV Roadmap Recommendations

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CHEAPR’s Impact

Launched in May 2015, CHEAPR has issued over $11 million for the purchase or lease of over 6,069 electric vehicles and 53% of those have been full battery electric vehicles!

Data as of July 1, 2020

Best Selling BEVs Best Selling PHEVs

Tesla Model 3

1,513

Chevrolet Bolt

588

Nissan Leaf

412

Chevrolet Volt

888

Toyota Prius Prime

877

Honda Clarity PHEV

442

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History of CHEAPR Incentives

While EV sales have grown rapidly in the last few years, CHEAPR has been able to adjust to market conditions and ensure the program is fiscally responsible.

$2,670 $2,319 $2,088 $1,691 $1,174

Launch Bins (May 2015 - Jun 2016) Bin Change 1 (Jul 2016 - Jun 2017) Bin Change 2 (Jul 2017 - Oct 2018) Bin Change 3 (Oct 2018 - Sep 2019) Bin Change 4 (Oct 2019 - current)

CHEAPR Average Program Cost per Vehicle Rebate

(Vehicle + Dealer Incentive)

Data as of July 1, 2020

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CHEAPR Program Update

Residents from across Connecticut have purchased electric vehicles utilizing the CHEAPR incentive

Stamford 311 Fairfield 193 West Hartford 180 Norwalk 175 Westport 154 New Haven 148 Glastonbury 125 Milford 117 Danbury 113 Guilford 111

Top 10 CT Towns by Zip Code

Data as of July 1, 2020

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There are approximately 12,624 electric vehicles registered in Connecticut as of July 1, 2020

CHEAPR’s Impact

108 2344 4878 5923 7987 9289 10339 11677 12624

2000 4000 6000 8000 10000 12000 14000

Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20

Total Active EV Registrations in Connecticut

as of July 1, 2020

PHEV BEV FCEV eMC Grand Total

CHEAPR Launch

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Current Incentive Levels

Current Incentive Levels for the purchase or lease of an eligible electric vehicle are based on the EPA rated all- electric range of the vehicle:

Incentive Amount EPA All Electric Range MSRP Cap BEV $1,500 ≥ 200 miles $42,000 $500 < 200 miles $42,000 PHEV $500 Any PHEV $42,000 FCEV $5,000 Any FCEV $60,000

effective on and after October 15, 2019

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Eligible Vehicles

…must be a new Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)

• r Fuel Cell Electric Vehicle (FCEV)

…must have an MSRP under $42,000 for a BEV/PHEV or under $60,000 for a FCEV …must be highway capable

An Eligible Vehicle under CHEAPR…

Not Eligible: Aftermarket EVs and conversions, scooters, ATVs, neighborhood vehicles, electric motorcycles

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Overview of the Used Vehicle Market

• Snapshot of the national

use EV Market, Jim Fleming, CARA

• Snapshot at the

dealership level, Brad Hoffman, Hoffman Auto

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Board Agenda CSE Program Design

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Board Agenda Discussion on Program Design Proposal

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Board Agenda Next Steps