New Electric Fleet Vehicle Incentive Program Now Open and Accepting Applications
Vermont businesses, municipalities, and nonprofit organizations seeking cleaner transportation options may now apply for the Electrify Your Fleet incentive program to support the transition to plug-in electric fleet vehicles.
Applicants may receive up to $2,500 for each internal combustion engine vehicle replaced or avoided (maximum of 20 incentives allowed per fleet). Awards may be applied toward the purchase or lease of new plug-in electric vehicles (PEVs), electric bicycles, electric cargo bicycles, adaptive electric bicycles, electric motorcycles, or electric snowmobiles.
Applications will be reviewed on a first-come, first-served basis. A total of $500,000 is available, with $200,000 of that amount available to applicants from or serving historically underserved communities. All applicants must demonstrate how the purchase or lease of each new electric vehicle reduces greenhouse gas emissions from their fleet.
Awardees are encouraged to utilize this funding in combination with any local utility rebates and the recently authorized federal tax credit for Commercial Clean Vehicles, which together could reduce the upfront cost of each eligible vehicle by as much as $10,000 for businesses and tax-exempt organizations.
Consultations are available to assist applicants with questions about electric fleet and charging options.