Everything You Need to Know About the Vehicle Exchange Colorado (VXC) Program!
Colorado’s vehicle exchange program makes your upgrade to an EV even more affordable. We have all your questions answered on who qualifies for the rebate and which vehicles are eligible.
What Is Colorado's Vehicle Exchange (VXC) Program?
The Vehicle Exchange Colorado (VXC) program is a new program to help income-qualified Coloradans recycle and replace their old or high-emitting vehicles with electric vehicles. The VXC rebate will partially cover the upfront cost of the EV at the time of purchase or lease from an authorized automobile dealer. VXC participants can receive a rebate of $6,000 towards a new Battery Electric Vehicle (BEV) or Plug-in Hybrid Electric Vehicle (PHEV) with a manufacturer’s suggested retail price (MSRP) or purchase price of $80,000 or less. Participants can receive $4,000 towards a used BEV or PHEV with a manufacturer’s suggested retail price (MSRP) or purchase price of $50,000 or less.
In addition to the VXC rebate, eligible Coloradans may also take advantage of the state income tax credit, the federal income tax credit, and utility electric vehicle rebates. Only one VXC rebate is allowed per tax household. Visit the VXC website to learn more about this vehicle exchange program.
Visit Vehicle Exchange Colorado
For more information about Vehicle Exchange Colorado, including where to apply for the rebate, please refer to the VXC website.
Want to Find More Ways to Save?
Visit our Save Money page to see other ways EVs can save you money, from tax credits and cheaper fueling costs to reduced maintenance and even more utility-based rebates when you install at-home charging!