Financing

Grants available: Learn more about the State of Vermont's electric vehicle grant program at this link. Round 1 applications are due November 30, 2018.

Energize your business: the benefits of offering Electric Vehicle charging

Download the Financing Program One-Pager

Customer Loyalty

  • Electric car drivers seek out retailers with charging stations.
  • EV customers spend 2 times as much time at retailers than average customers.
  • EV drivers are 43% more likely to return weekly to retail locations with chargers.

RETURN ON INVESTMENT

  • A charging station can provide revenue with the ability to collect fees for use.
  • Some charging stations offer built-in advertising space.
  • Adding EVs to your corporate fleet can reduce your transportation expenses.

Employee Satisfaction

  • Employees save money on gas when they can charge at work.
  • Reduce the environmental impact of commuting for employees.

Financing Available!

The Vermont State Infrastructure Bank administered by the Vermont Economic Development Authority (VEDA) is offering loans to qualified buyers.

Terms

10% down
1% interest rate
Repayment period based on equipment life, typically up to 10 years

Photo of an electric vehicle charging station

Contact

VEDA logo Vermont Economic Development Authority
Website (Charging Station Loan Page)
802.828.5627
58 East State Street, Suite 5
Montpelier, Vermont 05602


Learn More about Electric Cars and Charging

Financing is available through Vermont Economic Development Authority to qualified business, non-profit and public sector customers in Vermont. Financing is subject to credit approval and execution of standard documentation.