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Tax incentives and/or other incentives for drivers of electric vehicles in VT.
An NEV is defined as an electric vehicle that is designed to operate at speeds of up to 25 miles per hour (mph); carries up to four people; has at least four wheels and a gross vehicle weight rating of less than 3,000 pounds; and conforms to the minimum safety equipment requirements as adopted in Title 49 of the U.S. Code of Federal Regulations, section 571.500. An NEV may only be used on roads with a posted speed limit of up to 35 mph. The operator of an NEV may cross a highway that has a speed limit of up to 50 mph if the crossing begins and ends on a road authorized for use by NEVs and the intersection has a traffic control signal. The State Traffic Committee or the legislative body of a municipality for town highways may prohibit NEVs from crossing specific intersections in their jurisdiction if the decision is made in the interest of public safety. (Reference Vermont Statutes Title 23, Chapter 1, Section 4, and Title 23, Chapter 13, Sections 1007a and 1043)
VEC offers a $250 bill credit to members who purchase a new or used plug-in hybrid electric vehicle (PHEV) and a $500 bill credit to members who purchase a new or used all-electric vehicle (EV). Members who lease a PHEV are eligible for an annual bill credit of $50 for each year of the lease, and members who lease an EV are eligible for an annual bill credit of $100 for each year of the lease. For more information, including how to apply, see the VEC Energy Transformation Program website.
GMP residential customers are eligible for a free Level 2 EVSE when they purchase a new all-electric vehicle. For more information about these incentives, see GMP's In-Home Level 2 EV Charger website.
GMP provides rebates of $1,500 for the purchase of new all-electric vehicles, $1,000 for the purchase of new plug-in hybrid electric vehicles, and $750 for the purchase of used PEVs. Customers with qualifying low and moderate household incomes are eligible for an additional $1,000 rebate. Vehicles must have a manufacturer's suggested retail price that is less than or equal to $60,000. For more information, see the GMP EV Rebate website.
BED provides low- or no-interest loans for the purchase of a new PEV. Eligible customers can also apply for a rebate of up to $2,400 towards the purchase of a new PEV or $800 for the purchase of a used PEV. For more information, see the BED Electric Vehicles website.
Burlington Electric Department (BED) offers a per kilowatt-hour discount for residential customers to charge PEVs during off-peak times. To qualify, customers must install a WiFi enabled electric vehicle supply equipment (EVSE).
BED also offers a rebate of $400 for the purchase and installation of a qualifying Wifi enabled EVSE for customers that have enrolled in BED’s Residential EV Rate. Eligible applicants must have purchased EVSE within 60 days of the acquisition of the EV.
For more information, see the BED EV Rate website.
The Vermont Agency of Transportation provides financial incentives to low- and moderate-income residents for the purchase or lease of a new PEV on a first-come, first-served basis. Incentives are available according to the following schedule:
|Vehicle Type||Incentive for $96,122 Household Income or Less||Incentive for Lower Income Households|
|Plug-in Hybrid Electric Vehicle||$1,500||$4,000|
Lower-income households are defined as those eligible for weatherization services through the U.S. Department of Energy. For more information, including application and eligibility requirements, visit the Drive Electric Vermont website.
(Reference House Bill 529, 2019)
VPPSA member customers are eligible for rebates of up to $1,000 on the purchase of a new BEV, and up to $500 on the purchase of a new plug-in hybrid electric vehicle (PHEV). VPPSA also offers rebates of $500 for the purchase of a pre-owned BEV and $250 for the purchase of a pre-owned PHEV. Low-income customers may receive an additional $400 rebate for a new BEV or PHEV. For more information visit the VPPSA Electric Vehicle Rebate website.
Stowe Electric offers customers rebates for the purchase or lease of PEVs. New plug-in hybrid electric vehicles (PHEVs) are eligible for a $750 rebate, new all-electric vehicles (EVs) are eligible for a $1,000 rebate, and income-qualifying customers are eligible for an additional $250 rebate for either vehicle. Stowe Electric also offers a $400 rebate for the purchase of used EVs and a $300 rebate for the purchase of used PHEVs. For more information, including how to apply, see the Stowe Electric Rebate Programs website.