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)