Electric utilities and Drive Electric Vermont have offered EV incentives over the years, but so far, the State of Vermont has not advanced an EV incentive program. Legislators have debated the issue over the past several years, but nothing advanced until the recently finished session when Governor Phil Scott included an EV incentive proposal in his annual budget. Several legislative committees reviewed the proposal and made modifications, ultimately including language directing the Vermont Agency of Transportation (VTrans) to administer an incentive program in the 2019 transportation bill, also known as H529 (http://bit.ly/VT-H529.
Section 34 of this bill included at least $1.1 million in funding for electric car incentives on new purchases or leases. Eligibility will be limited to vehicles with base pricing of $40,000 or less and households with annual income below about $92,000 (officially 160% of the state median household income). Details on incentive amounts and means of delivery will be determined by VTrans in the coming months, as they hope to launch the availability of incentives in late 2019.
Also included in the transportation bill are requirements to support greater use of EVs in the State fleet and increasing the hybrids and EVs to at least 75% of new purchases and leases by July 2021. The work continues in 2019 with a $512,000 appropriation to support twelve all-electric vehicles at various locations around the state as well as the necessary charging stations.