You Can Get $6,000 Off A New EV In Vermont If Your Gas Car Was Flood-Damaged

You Can Get $6,000 Off A New EV In Vermont If Your Gas Car Was Flood-Damaged

Vermont’s Agency of Transportation (AOT) has updated its incentive programs to include flood-damaged vehicles after Hurricane Beryl hit the state hard at the beginning of the month.

As a result, Vermonters looking to replace their totaled gasoline- or diesel-powered vehicles with an all-electric or plug-in hybrid vehicle—either brand new or used—can benefit from up to $6,000 in state incentives which can be piled on top of other state stimuli and the federal tax credit for potential savings of up to $18,500.

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Incentive upgrade

Even before this year’s floods, Vermonters had some solid incentive packages if they wanted to switch to an EV. Now, the state has expanded those incentives to include flood-damaged vehicles.

The so-called Replace Your Ride Program that offers up to $5,000 for swapping a gas- or diesel-powered car with a used EV has been modified to include flood-damaged vehicles regardless of age or whether they can be driven or not. If you’re going for a new or leased EV, the state will add $1,000 to the tally, bringing the total up to $6,000 for Vermont residents who want to replace their flood-damaged cars.

Another state program, MileageSmart, which was designed to offer up to 25% of a vehicle’s price as an incentive to switch to a high-efficiency used vehicle, will now automatically offer $5,000 to Vermonters who want to replace a flood-damaged car with a more environmentally friendly used vehicle regardless of the sticker price. Per the state’s guidelines, a high-efficiency vehicle must have an efficiency rating of 40 miles per gallon or higher, including hybrids, plug-in hybrids and all-electric cars.

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“Me and my team are doing everything we can to give immediate relief to Vermonters as we continue to assess and respond to the needs,” said Governor Phil Scott. “This program will help those whose vehicles were flooded upgrade to a new vehicle that’s better for the environment.”

Participants can stack these programs with other state incentives for up to $11,000 off the price of a new EV and up to $10,000 off the price of a used EV, according to Drive Electric Vermont. Furthermore, the state programs can also be bundled with the $7,500 federal tax credit, potentially bringing in savings of up to $18,500 for buying or leasing a new EV in Vermont.

Vermont is leading the way in incentivizing residents to switch to electric vehicles (EVs) by offering a generous discount of $6,000 for those who own gas cars that were damaged in floods. This initiative is part of the state’s effort to not only promote the adoption of cleaner transportation options but also to help those who have been affected by natural disasters.

In recent years, Vermont has witnessed an increase in severe weather events, including floods that have damaged numerous gas-powered vehicles. As a response to this, the state has introduced a program that aims to encourage affected individuals to make the switch to EVs. The $6,000 discount is a significant incentive that makes the transition to an electric vehicle more affordable for those who may have otherwise been hesitant to make the switch.

The benefits of driving an electric vehicle are numerous. EVs produce zero emissions, helping to reduce air pollution and combat climate change. They are also more energy-efficient and cost-effective to operate in the long run. With advancements in technology, EVs are becoming increasingly accessible and practical for everyday use.

By offering a substantial discount to those whose gas cars were damaged in floods, Vermont is not only helping affected individuals move on from the aftermath of natural disasters, but also promoting sustainable transportation practices. This initiative aligns with the state’s commitment to reducing greenhouse gas emissions and transitioning towards a cleaner and more sustainable energy future.

To qualify for the $6,000 discount, individuals must provide proof that their gas car was damaged in a flood and is no longer operable. This incentive is available for a limited time and is subject to availability. Interested individuals are encouraged to reach out to their local Department of Motor Vehicles or visit the state’s official website for more information on how to apply for the discount.

In conclusion, Vermont’s initiative to offer a $6,000 discount on new EVs for those with flood-damaged gas cars is a commendable effort to promote sustainable transportation practices and assist residents in transitioning to cleaner vehicles. This incentive not only benefits the environment but also provides a practical solution for those who have been affected by natural disasters. It is initiatives like these that demonstrate the state’s commitment to addressing climate change and creating a greener future for all.