Under the Replace Your Ride program, incentives of $3,000 are available on a first-come, first-served basis to income-eligible Vermont residents who retire a working, high-polluting vehicle that is at least ten years old and switch to a new or used plug-in electric vehicle.
The program uses the same income eligibility requirements as Vermont’s Incentive Program for New Plug-in Electric Vehicles and MileageSmart, the state’s used vehicle incentive program. In this first phase, applicants for Replace Your Ride will be eligible to stack the $3,000 incentive with one of the existing (new or used) plug-in electric vehicle incentives. Information on these programs is available at Drive Electric Vermont’s website (https://www.driveelectricvt.com/incentives/vermont-state-incentives)
The second phase of the program is set to begin November 2. At this time, participants will be able to choose alternatives to personal car ownership. Eligible applicants can receive a card loaded with a $3,000 voucher to use on eligible clean transportation expenses at participating electric bike shops or for shared mobility options.
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