Sep 16, 2020
The need for clean, sustainable energy could not have been greater. As polar ice caps melt and wildfires become commonplace, governments have put in motion plans to replace carbon based energy with cleaner solar and wind derived energy. Electric cars will play a big part in reducing our carbon emissions, but there are a couple of factors standing in the way of widespread electric vehicle (“EV”) adoption. Chief among them is cost: electric vehicles are crazy expensive to produce and unfortunately, these costs are usually passed down to the consumer, thus confining most EVs on the market to high income individuals.
In Connecticut, the board overlooking the state’s electric vehicle program has been pondering on how to tweak the program to incorporate used vehicles and attract more low-to-moderate-income buyers, something the EV space has been lacking. A proposal that’s under consideration would maintain the current point-of-sale rebates of $1,500 for new electric vehicles with a battery…
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