negative comment.

🙄

Used the program. Very easy to navigate. Some dealers process the rebate for you.

Did you buy new or used? And if you don't mind me asking, which vehicle did you purchase? Are happy with an EV?

You’ll have to replace the battery on the Nissan every 3-5 years for about $5000.

The owner videos I've seen on YouTube most of them have the original battery, they lose range though. I've not heard a 3-5 year replacement?

I just got a used Prius using the state incentives. Super easy — filled out the application online and was approved a few hours later. Dealer accepts the check from the state, so it’s credited directly at time of sale.

For what it’s worth, my eGolf is a 2015 that I drive everyday. Still at about 85% capacity and 100% usable.

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Was it hard to find a used Prius?

Did you buy the Prius in Vermont? I wonder if you can still use it, if you purchase out of state?

Not if you sit and wait. Found a used 2020 at the Nissan dealer in Rutland. Just keep your eyes out. The state incentive is for 25% of the vehicles value, up to $5k. You have to be below certain income requirements.

I did. Unsure on if it would work on an out of state purchase. There’s a number you can call to find out. Check out mileagesmartvt.org

Does the Nissan Leaf qualify for the new national rebates after January 1st?

That bill is so confusing to navigate. I really wanted a new Toyota Prime ( 50 mile electric range, but still gas for long range trips ). Unfortunately with Manchin's last minute additions it no longer qualifies.

In addition to incentives, VSECU (now under a new name I can’t remember) has extra low interest loans for EVs

You have to buy in-state to qualify for the EV incentives

to answer whethet a new car is within reach for you i’d need to have a fuller understanding of your financial picture.

Check out the Chevy bolt it has the best deal at the moment. We ended up getting an EV and PHEV this year. So far no negative except I wish our phev was an EV lol. If you have green mountain power they offer a free charger and if you get a Chevy they offer free install or 1000 towards it if it’s deemed custom.

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Gen 1 leafs had a battery pack that needed to be replaced around 100k miles. The newer ones seem to double that. Depending on the miles u drive a Gen 1 seems like 5 years was pretty in line with its lifespan for a typical VT driver doing 20k a year.

I was going to mention the free charger from GMP too. We got an EV too and got the free charger. For OP, here’s a cost to keep in mind, if your current electrical panel is maxed out and can’t handle the expansion of a 240 volts charger, you’ll have to pay to have a new panel installed. That happened to us. Plus, our panel was in the basement and opposite corner of the house from the garage. So, it was a long way to run the wiring. Our total install charge was $3K.

We are on our second EV and love it but it’s a possible cost to keep in mind if finances are tight for you.

Purchased new. Purchased a Chevy Bolt - heavy, heavy dealer discounts at the time sweetened the deal. I am happy with the EV. The high speed charger infrastructure is improving. We use it for local trips and commute. Longer (100 mi plus one way) requires route planning to hit the woefully inadequate NNE charging infrastructure.

Bought a new 2022 Leaf in March. I received $2500 credit at purchase from State of VT and $1500 credit at purchase from GMP. And next years tax return will get the $7500 Federal Tax Credit. So I got the Leaf for $11,500 less than MSRP.

240 volts not amps.

Thanks. I just corrected it.

My husband really likes the new Prius's coming out but they're really expensive.

Wow! Nice! The new ones look really good... Much better than the older ones .. how've you been liking it so far?

Thank you for that heads up 😊

If I'm not mistaken that tax credit only covers your actual tax liability. If you owe 2k in taxes it's only worth 2k. You don't get the remaining $5500 as a refund. Someone can chime in if I'm remembering incorrectly.

I recall reading some advisors saying if you plan to take advantage of the rebate you should change your withholding for the year and underpay your taxes to get the full amount if possible.

+1 Great info but I wanted to add some more in case it's helpful for /u/Little_Art8272

I believe electrical panel upgrades and install costs related to an EV charger get the 30% federal tax credit again now from the Inflation Reduction Act (up to $1000 max)

Also Green Mountain Power has a straight cash rebate in addition to the free charger. >Get a $1,500 rebate when you buy or lease a new all electric vehicle (AEV), or a $1,000 rebate for a new plug in hybrid (PHEV). If you’re getting a used vehicle, you can get $750.

https://greenmountainpower.com/rebates-programs/electric-vehicles/in-home-ev-charger/

Charger:
https://greenmountainpower.com/rebates-programs/electric-vehicles/ev-rebate/

GMP Discount EV charging rates:
https://greenmountainpower.com/rebates-programs/electric-vehicles/ev-charging-rates/

Lost more incentives from other electric companies too:

https://www.driveelectricvt.com/incentives

• Burlington Electric offers up to $2900
• Stowe Electric department up to $1250
• VEC $750
• etc

Another route to cover panel upgrade would be to install a heat-pump and get up to $4000 for the panel and $2500 for wiring. https://www.familyhandyman.com/article/how-to-take-advantage-of-the-incentives-in-the-inflation-reduction-act/#electric-panel-upgrade

That is correct. You don't get the credit above and beyond what your tax liability is. Changing your withholding doesn't really do anything. You will owe in taxes the same amount EOY based on your earnings. Using the tax credit to get a refund on taxes you paid but did not owe in the first place won't get you additional funds.

Okay, so what about people who rent?

The programs aren’t exclusive to home owners but you would need to talk to your landlord. Chevy does offer an evgo credit instead of the charger install stipend. There are a bunch of charging stations around Vermont and New England, but it’s definitely something to look into.