Electric Vehicle (EV) Incentive
The Vermont Agency of Transportation provides financial incentives to low- and moderate-income residents for the purchase or lease of a new EV with a base manufacturer’s suggested retail price of $52,500 or less and an electric range of at least 30 miles, on a first-come, first-served basis. Incentives are offered in the following amounts:
|
Tax Filing Status |
Adjusted Gross Income Limits for Enhanced and Standard Incentives |
State Incentive Amount |
|
|---|---|---|---|
|
Plug-in Hybrid Electric Vehicle |
All-Electric Vehicle |
||
|
Individual filing as single; or Married filing separately |
$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 |
|
|
Married filing jointly; or Individual filing as qualifying widower |
$90,000 or less |
$3,000 |
$5,000 |
|
$90,001 up to $150,000 |
$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, see the Drive Electric Vermont website.
(Reference Act 62, 2023, Act 55, 2019, Act 154, 2020, and Act 184, 2022)
Jurisdiction: Vermont
Type: State Incentives
Enacted: Jun 14, 2019
Amended: Jun 3, 2021
Technologies: EVs, PHEVs
See all Vermont Laws and Incentives.