Vermont Cheddar: Get $200 for a New E-Bike
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Vermont Cheddar: Get $200 for a New E-Bike

vermont bicycle tour - e-bike incentives

With the passage of House bill H.433 (Act 55), Vermont has officially become the first US state to launch an e-bike incentive program to make the e-mobility transition even easier.

The New England dairy state has authorized up to $50,000 in one-time-use monies from its Transportation Fund to provide up to 250 $200 rebates specifically for the purchase of electric bicycles (“e-bikes“) in fiscal year 2022, giving e-curious commuters fully two-hundred more reasons to consider getting a new e-bike.

As good as that news is, there’s a lot more great stuff in Vermont’s Act 55 for the e-mobility revolution. The state’s Agency of Transportation is working with a California-based nonprofit called Center for Sustainable Energy (“CSE”) to develop a number of state-level incentives to help make the transition to electric vehicles easier for everyone in the state.

These incentives include up to $3 million in income-based rebates for the lease or purchase of new plug-in hybrid (PHEVs) or battery-electric vehicles (BEVs). The short version is that individuals making less than $50,000 would be eligible for $4,000 from the state of VT, in addition to any Federal or local utility-based incentives that might be available.

You can check out the official breakdown, below …

 

Tax Filing Status

Adjusted Gross Income (AGI) Limits for Enhanced and Standard Incentives

State Incentive Amount

Plug-in Hybrid Electric Vehicle

All-Electric Vehicle

Individual filing as single or head of household; or Married filing separately

$50,000 or less

$3,000

$4,000

$50,001 up to $100,000

$1,500

$2,500

Married filing jointly; or Individual filing as qualifying widower

$75,000 or less

$3,000

$4,000

$75,001 up to $125,000

$1,500

$2,500

 

… then let us know what you think of Vermont’s move to beef up electric vehicle incentives in the comments section at the bottom of the page. Better yet, tell us which e-bike you’d most like to spend that money on— if you’re not sure, come out to one of the five Electrify Expo events happening this summer to try them all out!

 

SOURCE | IMAGES: STATE OF VT, VERMONT BIKE TOURS.

FTC: We use income earning auto affiliate links. Learn more.

AUTHOR: 

EV INSIDER

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