How much is the incentive?
The MileageSmart Incentive is worth 25% of the initial price of the vehicle (excluding taxes and registration fees), up to $5,000.
The remaining cost of the car can be paid with a trade-in, cash, financed, or a combination of all three.
Incentives cannot be applied on retroactive purchases
Incentives must be applied at the point of sale
Incentives are limited to one per individual over the life of the program
Participants must obtain ownership of the high efficiency vehicle for a minimum of 12 months (1 year) from the time the vehicle was sold
Do you receive 3Squares/SNAP benefits?
If you receive 3Squares/SNAP benefits, the MileageSmart incentive is worth $5,000 off the initial sale price of an eligible vehicle (excluding taxes and registration fees).
Example Price - $12,000
Mileage Smart incentive - $3,000.
Cost to you - $9,000
Monthly payment (5yr loan):
$160-$180
Example Price - $16,000
Mileage Smart incentive - $4,000.
Cost to you - $12,000
Monthly payment (5yr loan):
$220-$240
Example Price - $24,000
Mileage Smart incentive - $5,000.
Cost to you - $19,000
Monthly payment (5yr loan):
$350-$380
Vermont Electric Utility Incentives
Depending on your utility service area, you may be eligible for a utility incentive. If you do not receive an electric bill from a utility for your household, you can use this map to determine your utility provider.
Burlington Electric Department
BED is offering customers a $1,300 rebate on a used all-electric vehicle or plug-in hybrid electric vehicle. An additional $200 is available for low to moderate income customers. BED also offers a $700 rebate for single-family homeowners installing level 2 EV charging equipment and a discounted off-peak EV charging rate. Multifamily charging rebates for apartments and condos are also available.
Green Mountain Power
GMP is offering customers a $1,500 incentive on a used all-electric vehicle or $750 on a plug-in hybrid electric vehicle. An additional $1,000 is available for income eligible customs purchasing all-electric vehicles. GMP will also provide free at home level 2 EV charging equipment for purchasers of a new or used all-electric vehicle and discounted off-peak EV charging rates are available.
Stowe Electric Department
Stowe Electric Department is offering customers a $300 rebate on a used all-electric vehicle or plug-in hybrid electric vehicle. An additional $300 is available for low to moderate income customers.
Vermont Electric Co-op
VEC is offering customers a $500 bill credit on a used all-electric vehicle or $250 on a plug-in hybrid electric vehicle. Income eligible customers receive an additional $250 toward a used all-electric or plug-in hybrid electric vehicle.
Vermont Public Power Supply Authority
VPPSA is offering customers of qualifying municipal electric utilities a rebate of $500 on a used all-electric vehicle or $250 for a used plug-in hybrid electric vehicle.
Start Your Application
Don’t forget that aside from the 25% incentive, you’ll be investing in a high-efficiency car that gets more miles to the gallon, saving you money at the pump. Additionally, fully-electric vehicles, while sometimes higher priced up front, require less maintenance over their lifetime, resulting in even more long-term savings.
How much less is the maintenance on a hybrid car?
