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 $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



$50,001 up to $100,000



Married filing jointly; or Individual filing as qualifying widower

$75,000 or less



$75,001 up to $125,000



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 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.