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Vermont EV Incentive

Vermont incentive

 

  • Burlington Electric Department eligible customers are able to receive a rebate of $2,300 on the purchase or lease of a new electric vehicle (EV) or $2,000 toward a plug-in hybrid vehicle (PHEV).
  • Burlington Electric Department eligible customers are able to receive a rebate of $1,300 rebate for the purchase of a pre-owned EV or PHEV, with an additional $200 available for moderate income customers. Eligible vehicles must have a manufacturer’s suggested retail price less than or equal to $60,000.
  • Green Mountain Power provides residential and business customers rebates of $2,200 for the purchase of a new EV, $1,000 for the purchase of a new PHEV, $1,500 for the purchase of a used EV, $750 for the purchase of a used PHEV and $500 for the purchase of an electric motorcycle. Customers with qualifying low and moderate household incomes are eligible for an additional $1,000 rebate. EVs must have an MSRP that is less than or equal to $70,000.
  • Stowe Electric Department offers customers rebates for the purchase or lease of EVs. The purchase or lease of new EVs and PHEVs are eligible for a $750 rebate. Stowe Electric also offers a $300 rebate for the purchase of pre-owned EVs and PHEVs. Income-qualifying customers are eligible for an additional $300 rebate for either vehicle.
  • Vermont Electric Co-op offers a $500 bill credit to members who purchase a new or pre-owned EV and a $250 bill credit to members who purchase a new or pre-owned PEV. Members who lease an EV are eligible for an annual bill credit of $100 for each year of the lease, and members who lease an PHEV are eligible for an annual bill credit of $50 for each year of the lease. Income qualified members receive an additional $250 VEC incentive.
  • Vermont Public Power Supply Authority member customers are eligible for rebates of up to $1,250 on the purchase of a new EV and up to $500 on the purchase of a new PHEV. VPPSA also offers rebates of $500 for the purchase of a pre-owned EV and $250 for the purchase of a pre-owned PHEV. Low-income customers may receive an additional $400 rebate for a new EV or PHEV.