Vehicle Replacement Grant
The Vermont Agency of Transportation administers the Replace Your Ride Program which provides grants of up to $5,000 to qualified individuals for the retirement and replacement of internal combustion engine vehicles with a new or pre-owned all-electric or plug-in hybrid electric vehicle. Incentives are available in the following amounts:
|
Tax Filing Status |
Applicant Income |
Grant Amount |
|---|---|---|
|
Individual filing as single; or Married filing separately |
$60,000 or less |
$5,000 |
|
$60,001 up to $100,000 |
$2,500 |
|
|
Individual filing as head of household |
$75,000 or less |
$5,000 |
|
$75,001 up to $125,000 |
$2,500 |
|
|
Married filing jointly; or Individual filing as qualifying widower |
$90,000 or less |
$5,000 |
|
$90,001 up to $150,000 |
$2,500 |
Applicants may receive a maximum of one grant. Grants are available on a first-come, first-served basis. Additional terms and conditions apply. For more information, including application and eligibility requirements, see the Drive Electric Vermont website.
(Reference Act 55, 2021 and Act 62, 2023)
Jurisdiction: Vermont
Type: State Incentives
Enacted: Jun 3, 2021
Amended: Jun 12, 2023
Technologies: EVs, PHEVs
See all Vermont Laws and Incentives.