'EVs Are Here to Stay': Colorado to Increase Electric Vehicle Incentives After Federal Ones Expire

Colorado boosts electric vehicle rebates after federal incentives expire

Coloradans’ window to receive thousands of dollars in federal tax breaks for purchasing electric vehicles has closed. But they’ll soon have the opportunity to tap into larger state-level benefits starting next month.  Colorado is boosting rebates through the state’s Vehicle Exchange Colorado Program for new and used electric vehicles by thousands of dollars starting on Nov. 3, according to an announcement on Thursday from Gov. Jared Polis’ offic…

'EVs are here to stay': Colorado to increase electric vehicle incentives after federal ones expire

DENVER (KDVR) — The U.S. government on Tuesday ended federal tax credits for electric vehicle purchases, but potential buyers in Colorado soon won't take as much of a hit on incentives offered to them. The state's Vehicle Exchange Colorado already offers point-of-sale electric vehicle rebates for buyers, and come Nov. 3, the rebate amount will increase by thousands of dollars. Local EV demand hot ahead of federal rebate deadline The Colora…

Colorado expands EV rebate program in wake of federal cuts to tax credits

Colorado is increasing the amount of money offered through the state’s electric vehicle rebate program in November as a response to President Donald Trump’s elimination of federal tax credits for the same purchases. The Colorado Energy Office announced Thursday morning that the state rebate for new EV purchases will increase to $9,000 from $6,000, and the rebate for used EV purchases will increase to $6,000 from $4,000. The increased rebates beg…

Colorado steps into federal gap with boosted cash-for-clunkers EV incentives

Colorado clean energy officials are boosting their cash-for-clunkers offer to $9,000 for turning in an old gasoline car and buying a new EV, up from the previous $6,000, in order to bolster sales after a lucrative federal subsidy ended Tuesday.  The federal EV tax credit of $7,500, taken off at the point of sales, was a victim of the summer’s Big Beautiful Bill Act by Congress, and state and local officials and car dealers worried the cut would …

Colorado announces new electric vehicle rebates in response to federal tax credits expiring

The State of Colorado is announcing a new electric vehicle rebate within two days of federal tax credits expiring under the new federal tax and spending plan.