New Electric Vehicle Incentive
- Currently unavailable
- Technology
- All-electric vehicles, Plug-in hybrid vehicles (New)
- Customer
- Residential
- Customer Eligibility
- Income-qualified
- Receive
- $1,500 to $5,000
Overview
Alert: Funding exhausted
Funding for the Vermont New Plug-in Electric Vehicle (PEV) Incentive Program is exhausted and applications are not being accepted. Future funding is uncertain and will require legislative authorization. Due to state budget cycles, the earliest that funds could become available is mid-2025. Eligibility requirements may change if the program resumes. EVs purchased before then will not be retroactively eligible for a state incentive.
About the incentive
Vermonters can receive up to $5,000 for the purchase or lease of a new EV or plug-in hybrid with a base MSRP of $52,500 or less. The exact incentive amount will vary depending on household income level and the type of vehicle.
This incentive is administered by the Center for Sustainable Energy (CSE) on behalf of the State of Vermont Agency of Transportation (VTrans).
Eligibility
Consumer eligibility and incentive amounts
- Must meet income requirements based on the tax filing status and adjusted gross income (AGI) reported in your most recent tax return. See the table below for details.
- Incentives are available to Vermont residents with a current Vermont driver’s license.
- There is a limit of one incentive per individual per lifetime.
Tax filing status | Adjusted Gross Income (AGI) limits for enhanced and standard incentives | State incentive amount | |
---|---|---|---|
Plug-in hybrid electric vehicle | All-electric vehicle | ||
Individual filing as single | $60,000 or less | $3,000 | $5,000 |
$60,001 up to $100,000 | $1,500 | $2,500 | |
Individual filing as head of household | $75,000 or less | $3,000 | $5,000 |
$75,001 up to $125,000 | $1,500 | $2,500 | |
Individual filing as qualifying widower/surviving spouse | $90,000 or less | $3,000 | $5,000 |
$90,001 up to $150,000 | $1,500 | $2,500 | |
Married filing jointly | $90,000 or less | $3,000 | $5,000 |
$90,001 up to $150,000 | $1,500 | $2,500 | |
Married filing separately | $60,000 or less | $3,000 | $5,000 |
$60,001 up to $100,000 | $1,500 | $2,500 |
Vehicle eligibility
- State incentives are available for purchases or leases of new eligible plug-in hybrid or all-electric vehicles with a base MSRP of $52,500 or less. Vehicle MSRP exemptions are available for individuals with disabilities that require special registration plates or placards as defined in 23 V.S.A §304a.
- Vehicle must be registered within the State of Vermont.
- The incentive program applies for personal vehicles only. It is not available for vehicles intended for resale.
- Leases must be for a term of 24 months (two years) or longer.
- Plug-in hybrids must have an electric range of at least 30 miles to qualify.
How to Redeem
Incentives are not currently available while funding is exhausted. Incentives were redeemed at the point-of-purchase at participating dealerships or as a post-purchase mail-in rebate through CSE.
Questions? Reach out to the Center for Sustainable Energy at [email protected] or 1-888-807-0446,
- Additional Resources
- Frequently Asked Questions
- New Electric Vehicle Incentive Program Guidelines
- Funding Dashboard