Plug-In Electric Vehicle (PEV) Incentive

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The Vermont Agency of Transportation provides financial incentives to low- and moderate-income residents for the purchase or lease of a new PEV with a base manufacturer’s suggested retail price of $40,000 or less, on a first-come, first-served basis. Incentives are offered in the following amounts:

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 or head of household; or Married filing separately

$50,000 or less

$3,000

$4,000

$50,001 up to $100,000

$1,500

$2,500

Married filing jointly; or Individual filing as qualifying widower

$75,000 or less

$3,000

$4,000

$75,001 up to $125,000

$1,500

$2,500

Incentives are limited to one per individual or married couple. Additional terms and conditions apply. For more information, including application and eligibility requirements, visit the Drive Electric Vermont website.

(Reference House Bill 529, 2019, House Bill 969, 2020, and House Bill 433, 2021)