Vermont State Tax Incentives for Purchasing a Used EV
Vermont offers several incentives and rebates for purchasing a used electric vehicle (EV). These programs aim to encourage the adoption of EVs and reduce the environmental impact of transportation. Here is a comprehensive list of state tax incentives and other rebates available in Vermont, including programs from utilities and other organizations.
1. State of Vermont EV Incentives
Vermont currently does not offer direct state tax incentives for purchasing a used EV. However, the state promotes various programs that reduce the cost of EVs and encourage green transportation.
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2. Drive Electric Vermont Incentives
Drive Electric Vermont provides support and information on available EV incentives. The program offers occasional rebates for new and used EV purchases, depending on available funding. Check their website for the most up-to-date information on rebates.
3. Vermont Utility Rebates
Many Vermont utilities provide rebates for purchasing a used EV. These programs are aimed at lowering the cost of EV ownership:
Green Mountain Power: Offers a rebate of up to $1,500 for purchasing a used EV.
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Burlington Electric Department: Offers rebates of up to $1,200 for a used EV.
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Washington Electric Co-op: Offers a $1,200 rebate for used EVs.
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4. Low-Income EV Incentives
Vermont offers enhanced incentives for low- to moderate-income households purchasing a used EV. Depending on income eligibility, additional rebates may be available through programs such as the MileageSmart program, which offers rebates up to 25% off the cost of a used EV for eligible residents.
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5. Charging Infrastructure Rebates
Vermont utilities and programs like Drive Electric Vermont offer incentives for installing home EV chargers. Although not directly related to purchasing a used EV, these rebates can help reduce the overall cost of EV ownership.
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By taking advantage of these incentives and rebates, Vermont residents can significantly reduce the cost of purchasing and owning a used EV. Be sure to check with your local utility and the Drive Electric Vermont program for any additional incentives.
