Incentive Program for New Plug-in Electric Vehicles (PEVs)
An additional $1,000 incentive (up to $6,000 total) is now available to eligible Vermont residents purchasing or leasing a new all-electric vehicle (AEV) or plug-in hybrid electric vehicle (PHEV) to replace a flood-damaged vehicle.
Eligible customers may receive the incentive directly from a participating car dealer in the form of a reduced purchase or lease price, or they may receive a direct cash reimbursement from the state's incentive administrator, Center for Sustainable Energy. Incentives are limited to one per person per year, as determined by a minimum 12-month lapsed time from a prior state EV incentive, and to Vermont residents only.
Incentives are limited to plug-in electric vehicles (PEVs) with a base MSRP of $50,000 or less. Exceptions to the vehicle price caps are now available for those requiring an accessible vehicle. Please consult the updated list of eligible vehicles. The statewide incentive may be used in combination with additional PEV incentives offered by the state’s electric utilities and federal tax credits for greater savings.
For more information including remaining funds, eligible models, application forms, and a current list of participating auto dealerships, please visit the Drive Electric Vermont website.