Overview

Alert: Funding is exhausted

Funding for the Vermont Replace Your Ride Incentive Program is exhausted. Additional funding for the program will require legislative authorization.  If approved, funds may be available again in summer 2025. Eligibility requirements may change if the program resumes. 

Learn more

About the incentive

Replace Your Ride is a program that allows Vermont residents to trade in their 10+ year-old gasoline- or diesel-fueled vehicle and receive up to $5,000 to be used toward purchasing 1) a new EV, 2) a used EV, or 3) a prepaid debit card to be used for another form of clean transportation like a bike or public transit.

This incentive can be combined with Vermont’s new or used EV incentives, and other offers available through the federal government and/or electric utilities.

Eligibility

Consumer eligibility

  • Must meet income requirements based on your adjusted gross income (AGI) reported in your most recent tax return and your tax filing status. 
  • This incentive is available to Vermont residents with a current driver's license.
  • Limited to one incentive per individual over the life of the program.
  • The vehicle must be scrapped in conjunction with the purchase of an eligible new or used vehicle at a participating dealership, or an accompanying request for a prepaid clean mobility card to be used at eligible businesses that reduce or avoid vehicle miles traveled in single occupancy automobiles.

Table 1: Incentive amounts toward eligible new EV, prepaid clean mobility card, or eligible used EV (not purchased through MileageSmart)

Tax filing statusAdjusted Gross Income (AGI) limits for enhanced and standard incentivesReplace Your Ride incentive amount*
Individual filing as single$60,000 or less$5,000
$60,001 up to $100,000$2,500
Individual filing as head of household$75,000 or less$5,000
$75,001 up to $125,000$2,500
Individual filing as qualifying widower/surviving spouse$90,000 or less$5,000
$90,001 up to $150,000$2,500
Married filing jointly$90,000 or less$5,000
$90,001 up to $150,000$2,500
Married filing separately$60,000 or less$5,000
$60,001 up to $100,000$2,500

*If replacing your vehicle with an eligible new or used EV, this incentive is issued by the dealership at the point-of-sale. If you opt for a clean mobility card, you will receive a prepaid debit card in the mail, to be used at participating businesses.

Table 2: Incentive amounts toward an eligible used EV purchased through MileageSmart

Household sizeAnnual incomeMonthly incomeReplace Your Ride incentive amount*
1$57,300.00$4,775.00$5,000
2$65,500.00$5,458.33$5,000
3$73,700.00$6,141.67$5,000
4$81,850.00$6,820.83$5,000
5$88,400.00$7,366.67$5,000
6$94,950.00$7,912.50$5,000
7$101,500.00$8,458.33$5,000
8$108,050.00$9,004.17$5,000

*If replacing your vehicle with a used, eligible EV through MileageSmart, the incentive is issued by a participating dealership at the point-of-sale. 

Scrapped vehicle eligibility

  1. The gas- or diesel-powered vehicle being scrapped is a passenger vehicle with a gross vehicle weight of 10,000 pounds or less.
  2. The vehicle is at least 10 years old.
  3. Vehicle can drive 30 feet forward and in reverse under its own power.
  4. Vehicle can start through ordinary means without assistance.
  5. Vehicle is currently titled and registered in the name of the applicant and has been for at least 12 months prior to the date of the application. The name on the registration must match the applicant’s name. A vehicle with a lienholder listed is not eligible to be scrapped.
  6. Vehicle is currently registered in the state of Vermont, and has been for at least 24 months prior to the date of application.
  7. Vehicle is up to date on all vehicle registration fees for the State of Vermont.
  8. Vehicle has passed the required annual vehicle inspection within the last 12 months before the date of application.
Scrapping partnerCityWebsitePhone
Bolduc Metal RecyclingMiddlesexwww.bolducmetalrecycling.com802-223-7917
Croteau Auto PartsOrleans 802-754-6920
Hodgdon Brothers Inc Metal RecyclingAscutneywww.facebook.com/HodgdonMetalRecycling802-674-6202
IAAColchesterwww.iaai.com/locations/645802-872-7838
New England Quality Service, Inc. dba Earth Waste & MetalCastletonearthwasteandmetal.com802-468-2323
New England Quality Service, Inc. dba Earth Waste & MetalMiddleburyearthwasteandmetal.com802-388-9866
Wright Brothers MetalNewportwww.facebook.com/wright.brothersrecycling802-274-1317

How to Redeem

Incentives are not available while funding is exhausted. Incentives were redeemed by applying them to the down payment of the vehicle when claimed at a dealership, or in the form of a prepaid debit card to use on other clean transportation purchases. 

 Questions? Reach out to the Center for Sustainable Energy at [email protected] or 1-888-807-0446,