The Green Mountain State is taking its EV incentive plans very seriously.
, the general framework of Vermont’s $12.3 million electric adoption program is similar to the decade-old Federal program. The state will pay you $3000 to scrap your gasoline-powered car if you replace it with a new or used plug-in electric vehicle. There are a series of requirements that Vermont residents must meet before getting the cash.
The qualifying criteria shown here pertains to single folks and couples, though a broader qualification range is available for families as well.The primary requirement is an annual income bracket calculation that is capped at $50,000 of income for an individual and $75,000 for couples. Family households with five or more have a, with the qualifying income range starting at $80,179 for families of five and ending at $97,996 for families of eight.
The vehicle being scrapped must be at least 10 years old from the current model year, meaning cars from 2012 and before are currently eligible. Most cars and trucks will be eligible, given the 10,000-pound weight limit, and the vehicles will only be required to move 30 feet forward and back under their own power. The vehicle must start readily as well and have a valid inspection sticker. Sorry, no ATVs or farm equipment is eligible.
Kia’s EV6 base model will qualify for the Replace Your Ride and State EV incentive programs, potentially knocking $7000 of its $42,695 price tag.In addition to the Replace Your Ride program, EV buyers in the state of Vermont are eligible for a
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