Anatomy of a Utility EV Incentive Program

What is happening? Vermont Electric Co-op  has a list of EV credits that include:

• a bill credit of $250 for purchases (new or used) and $50/year for leases; for all-electric vehicles, a bill credit of $500 for purchases (new or used) and $100/year for leases
• For home Level II chargers, $250 (with additional $50 incentive if members allow VEC to communicate with the charger); and for publicly-available charging stations, $500 per connection
• https://www.driveelectricvt.com/incentives

Why is this important? Vermont’s list includes other items like heat pumps too, an issue crucial for Vermont, less crucial for Southern California

How will this be important? EV incentives come in multiple layers. (1) government: federal, state and local (2) utility incentives (3) manufacturer incentives

Vermont Biz | VEC energy transformation incentives continue for 2022