Vermont Electric Vehicle Incentives

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Drivers in Vermont who purchase new, eligible electric or plug-in hybrid electric vehicles can save up to $4,000 with the state’s incentive program
Petroleum is the main source of energy for transportation, accounting for a whopping 90% of transportation energy consumption. Even worse, the transportation sector generates the largest share of greenhouse gas emissions.
To curb these numbers, many states offer incentives—like rebates—when drivers choose electric vehicles.
Since these offers vary by state, the car insurance comparison and broker app Jerry has made a guide to Vermont electric vehicle incentives.

How much you save with the Vermont electric vehicle incentive

Vermont has allocated funding for electric vehicle incentives, saving you up to $5,000 on the purchase of an electric or plug-in hybrid electric vehicle while funds remain. Vermont energy companies also offer specific rebates or bill credits, so you could save even more by registering with your energy provider.
Electric CompanyIncentives
Green Mountain Power (GMP)Rebates include $1500, $1000, $750, plus an additional $1000; GMP also offers a free level 2 charger.
Burlington Electric Department (BED)Low or no-interest loan up to $1200 and a $400 rebate.
Vermont Public Power Supply Authority (VPPSA)$1000 rebate for a new BEV or $500 for a PHEV, plus an additional $400 rebate.
Stow ElectricRebates of $1000, $750, $400, $300, and $250.
Vermont Electric Co-op (VEC)Offers two $250 bills of credit, a $500 bill of credit, and an annual bill of credit of $50 or $100.

How to get the Vermont electric vehicle incentive

To apply for the state rebate, you must be a resident of Vermont and meet certain vehicle and income eligibility requirements. The state may also request that incentive recipients participate in research efforts to improve the program.
You can claim the incentive through participating dealerships or by claiming it directly.
If you choose to claim the incentive directly, you’ll have to get pre-approved before purchasing the vehicle, then complete the incentive application form.
Here’s how to claim your incentive with each electric company:
Electric CompanyProcessRequirements
GMPPurchase a new BEV to get a $1500 rebate, a new PHEV for $1000, a used EV for $750, and a new or used EV for level 2 charger.Must be a residential customer and meet their low- and moderate-income household threshold for the additional $1000 rebate.
BEDTo get the rebate, you must enroll in their EV TOU rate. To get the $1200 loan, you must buy a new EV.Must be a customer.
VPPSAMust purchase or lease a new BEV or PHEV.Must be a customer and fall into their income qualification for the extra $400 rebate.
Stow ElectricYou must buy a new BEV for the $1000, a PHEV for the $750, a used BEV for $400, and a used PHEV for the $300 rebate.Must be a customer for the rebates and an income-qualifying customer for the additional $250 rebate.
Vermont Electric Co-op (VEC)For the first $250 bill of credit, you need to purchase a new or used PHEV. For the second $250 bill of credit, you need to purchase a level 2 charger. For the $500 bill, you need to buy a new or used BEV. For the $50 annual bill credit, you need to lease a PHEV. And for the $100 bill credit, you need to lease a BEV.You must be a member.

How to find cheap car insurance for your electric vehicle

When it’s time to insure your electric or plug-in hybrid electric vehicle, be sure to get Jerry first! Jerry is the easiest and most effective way to find a car insurance policy customized just for you.
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