Tax incentives and/or other incentives for drivers of electric vehicles in Ludlow.
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)
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 $52,500 or less and an electric range of at least 30 miles, on a first-come, first-served basis. Incentives are offered in the following amounts:
|
Tax Filing Status |
Adjusted Gross Income Limits for Enhanced and Standard Incentives |
State Incentive Amount |
|
|---|---|---|---|
|
Plug-in Hybrid Electric Vehicle |
All-Electric Vehicle |
||
|
Individual filing as single; or Married filing separately |
$60,000 or less |
$3,000 |
$5,000 |
|
$60,001 up to $100,000 |
$1,500 |
$2,500 |
|
|
Individual filing as head of household |
$75,000 or less |
$3,000 |
$5,000 |
|
$75,001 up to $125,000 |
$1,500 |
$2,500 |
|
|
Married filing jointly; or Individual filing as qualifying widower |
$90,000 or less |
$3,000 |
$5,000 |
|
$90,001 up to $150,000 |
$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, see the Drive Electric Vermont website.
(Reference Act 62, 2023, Act 55, 2019, Act 154, 2020, and Act 184, 2022)
The Vermont Agency of Transportation (VTrans), in consultation with other state agencies, must administer the Replace Your Ride Program (Program) to reduce greenhouse gas emissions and benefit low-income residents. Incentives will be offered on a first-come, first-served basis and limited to one per individual. VTrans must submit a written report to the legislature on the effectiveness of the Program by January 31 each year following the year the incentive was offered. For more information, see the Drive Electric Vermont website.
(Reference Act 55, 2021)
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 (EV) 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 1, Section 4)
In addition to standard vehicle registration fees, EV owners must pay an annual registration fee of $89 and a biennial registration fee of $178. Plug-in hybrid electric vehicle owners must pay an annual registration fee of $44.50 and a biennial registration fee of $89.
(Reference House Bill 868, 2024)
By July 1, 2025, the Vermont Agency of Transportation (VTrans) must begin collecting a mileage-based user fee from EV owners or lessees. The Secretary of Transportation and the Commissioner of Motor Vehicles submitted a comprehensive implementation plan to the Vermont Legislature in January 2024. For more information, see the VTrans Electric and Highly Fuel-Efficient Vehicle Road Usage Charge Study website.
(Reference Act 62, 2023)
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)
The Vermont Commissioner of Motor Vehicles must begin issuing special vehicle license plates to owners of EVs and PHEVs no later than July 1, 2026, for first responder awareness. The Vermont Department of Motor Vehicles must submit testimony to the legislature on the progress of its efforts to implement license plates for EVs and PHEVs by March 15, 2025.
(Reference Senate Bill 309, 2024)
Find all electric vehicle (EV) charging stations in and/or near Ludlow (Vermont). Search and compare local EV charging stations in Ludlow, and find a convenient location to charge your car.