Starting Nov. 3, rebates will increase from $6,000 to $9,000 for new EV purchases and leases and $4,000 to $6,000 for used EV purchases and leases
Denver—The Polis Administration announced Thursday an increase in point-of-sale electric vehicle (EV) rebates through the Vehicle Exchange Colorado (VXC) program as federal EV incentives expired on Sept. 30.
Starting Nov. 3, VXC rebates will increase from $6,000 to $9,000 for new EV purchases and leases and $4,000 to $6,000 for used EV purchases and leases.
“The market has made it clear, EVs are here to stay. Colorado is a national leader in EVs, expanding access and creating pathways for Coloradans to purchase an EV at low-cost. I encourage all Coloradans who are thinking of buying an electric vehicle or have been holding off: get out there right now,” said Governor Polis.
Colorado has more than 200,000 EVs registered in the state to date and EVs make up a quarter of new vehicle sales so far in 2025. The VXC program is a key initiative enabling income-qualified Coloradans to access EVs. Since the program launched in summer 2023, more than 2,600 Coloradans have traded in a qualified old or high-emitting vehicle to purchase or lease an EV.
VXC rebates are available for income-qualified Coloradans exchanging a qualified old or high-emitting vehicle to purchase or lease an EV, which includes both battery electric and plug-in hybrid electric vehicles. The Community Access Enterprise has approved $25.6 million in funding to support this program over the first three years, with additional ongoing funding expected until June 30, 2032.
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