Vermont EV Tax Credit Calculator 2026
Vermont is a New England leader in per-capita EV adoption and clean energy policy. Discover exactly how much you can save on an electric vehicle in Vermont — now that the federal credit has expired, here's exactly what Vermont's own incentives are worth.
✓ Last verified: August 18, 2026 — federal and state program status checked against IRS.gov and official state sources.
Vermont's state EV rebate program ended as of July 2026 — no purchase-time state or federal credit currently applies
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Vermont EV Incentives: Full Breakdown for 2026
Annual registration fee: Vermont charges EV owners an extra $89/year on top of standard registration, meant to replace the gas tax revenue EVs don't pay. This is a recurring annual cost, not one-time — worth weighing against any purchase rebate over your ownership period.
Registration fee source: Tax Foundation, "Electric Vehicle Tax Treatment by State, 2026" (published Aug 2026, data as of July 2026).
Vermont's MileEVmore program (formerly administered by the Vermont Clean Energy Development Fund, offering up to $2,000 for new EVs and up to $5,000 for income-qualified buyers) ended as of July 2026. With that program closed and the federal credit expired since October 2025, there is currently no purchase-time EV incentive available in Vermont at either level.
Vermont EV buyers currently have no federal or state purchase-time credit available — just the standard federal loan interest deduction (if financing) and any local utility rebates.
Federal EV Tax Credit: What Vermont Buyers Need to Know (Expired Oct 2025)
The federal EV tax credit under the Inflation Reduction Act (§30D) expired for vehicles acquired after September 30, 2025. It no longer applies to Vermont buyers purchasing in 2026, with one narrow exception (see below). Here's what the federal credit used to offer, and what still applies to you as a Vermont resident:
- New EV credit (expired): Was up to $7,500 for qualifying new battery electric vehicles bought before Oct 1, 2025.
- Used EV credit (expired): Was up to $4,000 for qualifying used EVs bought before Oct 1, 2025 from a licensed dealer, if the sale price was under $25,000.
- Income limits (new EV): $150,000 single / $225,000 head of household / $300,000 married filing jointly.
- Income limits (used EV): $75,000 single / $112,500 head of household / $150,000 married filing jointly.
- MSRP caps: $55,000 for sedans and wagons; $80,000 for SUVs, crossovers, vans, and trucks.
- Point-of-sale transfer: Since Jan 1, 2024, you can apply the credit as an instant dealer discount rather than waiting until tax filing.
Additional Vermont EV Programs & Utility Incentives
Green Mountain Power offers a $400 rebate for Level 2 EV charger installation and time-of-use rates for EV owners.
Always check with your local electric utility, as additional rebates for home EV charging equipment can add hundreds more in savings on top of vehicle incentives.
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