US Edition'EVs Are Here to Stay': Colorado to Increase Electric Vehicle Incentives After Federal Ones Expire
Colorado raises state rebates to $9,000 for new and $6,000 for used electric vehicles to offset the federal tax credit loss and boost EV adoption.
- On Nov. 3, the Colorado Energy Office will raise new EV rebates to $9,000 and used EV rebates to $6,000 after the federal EV tax credit expired Sept. 30.
- Funded through the Community Access Enterprise, the program uses fees from rideshare and delivery services like DoorDash, and eligibility requires households earning under 80% of area median income to trade in older, high-emissions vehicles.
- More than 200,000 electric vehicles are registered in Colorado, and EVs accounted for a quarter of new car sales in 2025.
- Targeting lower- and moderate-income Coloradans, officials say the program boosts EV adoption, supports the 2050 greenhouse gas goal, and will run through 2032 funded by the vehicle exchange fund .
- Facing a reduced federal role, the industry is adding incentives, and Hyundai's Randy Parker said `I do believe because of the surge we saw in September, there's going to be a reset in October, maybe November. But the EV market will settle.
15 Articles
15 Articles
Colorado increases EV trade-in incentives after Trump’s repeal of federal rebate
An electric vehicle charging at a Colorado College parking lot on Sept. 27, 2021. (Julia Fennell/Colorado Newsline)A state program to incentivize electric vehicle purchases will offer more generous rebates in the absence of federal benefits repealed by President Donald Trump’s administration, Colorado officials announced Thursday. The sweeping tax and spending law passed by Trump and congressional Republicans this year canceled a federal rebate …
Colorado announces state electric vehicle tax rebate
Colorado will offer a new state electric vehicle rebate as federal tax credits for electric vehicles are expiring under the new federal tax and spending plan. Beginning Nov. 3, the Vehicle Exchange Colorado rebates will increase from $6,000 to $9,000 for a new electric vehicle purchase. Rebates will also increase from $4,000 to $6,000 for used EV purchases and leases. “The market has made it clear, EVs are here to stay. Colorado is a national le…
'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…
The Fort Morgan Times
Denver PostColorado 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 …
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