Anatomy of a Utility’s EV Charger Grant Program

What’s happening? Xcel Energy has a EV program in Colorado that offers $5,500 rebate on a new electric car and a $3,000 rebate on a pre-owned car, with a vehicle price cap of $50,000.

Why is this important? Xcel also offers for $13.29 per month the installation and maintenance a high-voltage charger with a $500 rebate for any necessary electrical work

How will this be important? Xcel is aligning their program with Gov. Jared Polis’ goal to have 940,000 electric vehicles on the road by 2030. It all stems from a 2019 bill SB19-077 (2019- CO) that allows for rate base recovery.

CPR News | Xcel Energy Will Now Help Pay For An Electric Car — Depending On Your Income