Used Electric Vehicle Incentive
- Currently unavailable
- Technology
- All-electric vehicles (Used)
- Customer
- Residential
- Customer Eligibility
- Income-qualified
- Receive up to
- $5,000
Provided by: State of Vermont
Overview
Alert: Incentive funding is exhausted
Funding for the MileageSmart Used High-Efficiency Vehicle Incentive Program is exhausted. Additional funding for the program 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.
About the incentive
The Vermont used electric vehicle incentive, called the MileageSmart program, is administered by Capstone Community Action. It provides eligible Vermonters with an incentive for 25% of the purchase price of a used EV, up to $2,500. SNAP recipients can receive up to $5,000.
Eligibility
Consumer eligibility
- Offer is available to income-eligible households.
- Buyer must be a Vermont resident 18 years or older and cannot be claimed as a dependent on tax filings.
- Limited to one individual over the life of the program.
- Buyer must maintain ownership of the vehicle for a minimum of 12 months.
Vehicle eligibility
- This incentive applies for plug-in hybrid and all-electric vehicles with an efficiency of 40 miles per gallon or higher.
- If you are financing the vehicle, the interest rate must be 12% or lower.
- Incentive must be applied at the time of sale; it cannot be applied retroactively.
How to Redeem
Incentives are not available while funding is exhausted. Learn more at https://www.MileageSmartVT.org.