Tax incentives and/or other incentives for drivers of electric vehicles in 05451.
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 (https://www.govinfo.gov/app/collection/cfr)[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 pre-owned plug-in hybrid electric vehicle (PHEV) and a $500 bill credit to members who purchase a new or pre-owned 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 provides residential and business customers rebates of $2,200 for the purchase of a new all-electric vehicle, $1,000 for the purchase of a new plug-in hybrid electric vehicle (PHEV), $1,500 for the purchase of a used all-electric vehicle, and $750 for the purchase of a used PHEV. Customers with qualifying low and moderate household incomes are eligible for an additional $1,000 rebate. EVs must have a manufacturer’s suggested retail price that is less than or equal to $70,000. For more information, see the GMP EV website.
BED provides low- or no-interest loans for the purchase of a new EV. Eligible customers can also apply for a rebate of $2,300 towards the purchase of a new all-electric vehicle (EV) or $2,000 towards the purchase of a plug-in hybrid electric vehicle (PHEV). An additional $600 is available for moderate income customers buying an EV or $300 for a PHEV. Vehicles must have a manufacturer’s suggested retail price that is less than or equal to $60,000. Additional terms and conditions apply. For more information, including income eligibility, see the BED Electric Vehicles website.
Burlington Electric Department (BED) offers a TOU rate to residential customers who own an EV. To qualify, customers must install a WiFi enabled EV charging station.
BED also offers a rebate of up to $900 for the purchase and installation of a qualifying Wifi enabled EV charging stations for customers that have enrolled in BED’s Residential EV Rate. Eligible applicants must have purchased an EV charging station within 60 days of the acquisition of the EV.
For more information, see the BED EV Rate website.
GMP residential customers are eligible for a free Level 2 EV charging station when they purchase a new or pre-owned plug-in electric vehicle. For more information about these incentives, see the GMP In-Home Level 2 EV Charger website.
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 |
$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 Act 55, 2019, Act 154, 2020, and Act 184, 2022)
Vermont Public Power Supply Authority (VPPSA) member customers are eligible for rebates of up to $1,000 on the purchase of a new all-electric vehicle (EV), 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 EV and $250 for the purchase of a pre-owned PHEV. Low-income customers may receive an additional $400 rebate for a new EV or PHEV.
Additional rebates are available for the purchase of an electric forklift, residential or commercial lawnmower, and other yard care equipment.
For more information visit the VPPSA Electric Vehicle Rebate website.
Stowe Electric offers customers rebates for the purchase or lease of EVs. New plug-in hybrid electric vehicles (PHEVs) are eligible for a $750 rebate, new all-electric vehicles are eligible for a rebate up to $1,000, and income-qualifying customers are eligible for an additional $250 rebate for either vehicle. Stowe Electric also offers a $300 rebate for the purchase of pre-owned EVs and PHEVs. For more information, including how to apply, see the Stowe Electric Electric Vehicles website.
An EV is defined as a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. An EV includes both a vehicle that can only be powered by an electric motor that draws electricity from a battery (all-electric vehicle) and a vehicle that can be powered by an electric motor that draws electricity from a battery and by an internal combustion engine (plug-in hybrid electric vehicle).
(Reference Vermont Statutes Title 23, Chapter 4, Section 85)
A comprehensive list of electric vehicle (EV) charging stations in or near 05451 (Essex, VT). Search and compare EV charging stations in communities across the U.S., and find a local station when you need to charge your electric car.