Interested in an Electric Vehicle? Colorado Can Help.
Thinking about buying or leasing an electric vehicle (EV)? The State of Colorado offers support to help you purchase or lease a new or used electric vehicle through statewide programs.
Why Electric Vehicles Matter in Colorado
Vehicles are a major source of air pollution in Colorado.
Each year, millions of metric tons of dangerous greenhouse gases pollute the state. This puts public health at risk and contributes to the hazardous effects of climate change. The need to reduce greenhouse gas emissions to protect both people and the environment is increasingly clear.
Benefits of Switching to an Electric Vehicle
You can be part of the solution to reduce greenhouse gas emissions — and save money at the same time.
Benefits of switching to an electric vehicle include:
- 60–68% lower lifetime emissions compared to similarly sized gas-powered vehicles
- Charging costs far less than filling up a gas tank
- Much lower maintenance costs than gas-powered vehicles
- Battery warranty coverage of at least 8 years or 100,000 miles
- Federal and state EV tax credits
- State and utility EV rebates
Vehicle Exchange Colorado (VXC)
The Vehicle Exchange Colorado (VXC) program is a statewide rebate program that encourages income-qualified Coloradans to recycle and replace old or high-emitting vehicles with electric vehicles.
In addition to the VXC rebate, eligible Coloradans may also take advantage of:
- State income tax credit
- Federal income tax credit
- Utility electric vehicle rebates
Who Qualifies? Income Eligibility Requirements
To participate, you must meet one or more of these criteria:
- Your household income is below 80% of Area Median Income (AMI)
- OR you are currently enrolled in a financial assistance program
Vehicle Eligibility Requirements (Old or High-Emitting Vehicle)
Your current vehicle must meet the following requirements:
- Title is in your name only and has no lien (no outstanding loan)
- Vehicle is currently registered under your name with the Colorado DMV
- Vehicle is operational
- Vehicle is gasoline- or diesel-powered
- Vehicle is at least 12 years old (example: model year 2011 or older for a 2023 application) OR has failed an emissions test in Colorado
See the VXC website for additional eligibility information. Terms and conditions are subject to change.
The Savings Add Up
On top of thousands of dollars in rebates and tax credits for qualifying buyers, EV owners can often save hundreds of dollars per year on fuel and maintenance costs by switching to an electric car.
Want to Learn More About Electric Vehicles?
Check out EV CO at https://evco.colorado.gov/ — an electric vehicle education initiative from the State of Colorado. Colorado is ready for electric vehicles. If you are too, let EV CO be your guide!
Learn More About Vehicle Exchange Colorado
To learn more about VXC, visit:
https://energyoffice.colorado.gov/vehicle-exchange-colorado
