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Tax incentives and/or other rebates, credits, incentives or related initiaves for drivers of alternative fuel vehicles or for other uses of alternative fuel in Vermont.
An NEV is defined as an electric vehicle that is designed to operate at speeds of up to 25 miles per hour (mph); carries up to four people; has at least four wheels and a gross vehicle weight rating of less than 3,000 pounds; and conforms to the minimum safety equipment requirements as adopted in Title 49 of the U.S. Code of Federal Regulations, section 571.500. An NEV may only be used on roads with a posted speed limit of up to 35 mph. The operator of an NEV may cross a highway that has a speed limit of up to 50 mph if the crossing begins and ends on a road authorized for use by NEVs and the intersection has a traffic control signal. The State Traffic Committee or the legislative body of a municipality for town highways may prohibit NEVs from crossing specific intersections in their jurisdiction if the decision is made in the interest of public safety. (Reference Vermont Statutes Title 23, Chapter 1, Section 4, and Title 23, Chapter 13, Sections 1007a and 1043)
BED customers are eligible for a $1,200 rebate on the purchase or lease of a new qualifying all-electric vehicle on or after May 30, 2017. Qualifying plug-in hybrid electric vehicles purchased or leased on or after June 8, 2017, are eligible for a $600 rebate. Vehicles must have a manufacturer's suggested retail price (MSRP) of less than $50,000 and be registered in Burlington, VT. Rebates are available through December 31, 2018. For more information, including how to apply, see the BED Electric Vehicle Rebate website.
VEC offers a $250 bill credit to members who purchase a new or used plug-in hybrid electric vehicle (PHEV) and a $500 bill credit to members who purchase a new or used all-electric vehicle (EV). Members who lease a PHEV are eligible for an annual bill credit of $50 for each year of the lease. For members who lease an EV, an annual bill credit of $100 is available for each year of the lease. Credits are available through December 31, 2018. For more information, including how to apply, see the VEC Energy Transformation Program website.
GMP residential customers are eligible for a free Level 2 EVSE when they purchase a new all-electric vehicle (EV). Residential customers that already own an EV may rent a Level 2 EVSE station at a low monthly fee. In addition, customers may enroll in GMP's EV Unlimited Plan for unlimited EV charging during off-peak hours at a flat monthly fee. For more information about these incentives, see GMP's In-Home Level 2 EV Charger website.
Through the Vermont Diesel Emissions Reduction Grants Program, the Vermont Department of Environmental Conservation (DEC) provides funding to local, state and regional agencies or departments, businesses, institutions, and nonprofit organizations for projects focused on reducing emissions from diesel engines and vehicles. Qualifying heavy-duty vehicles include buses and Class 5-8 trucks. Projects eligible for funding are as follows: