BURLINGTON -- For those in the market for a new car this summer, now is the time to go electric. Drive Electric Vermont is offering an instant $500 off the purchase or lease of a new plug-in vehicle. There are 75 incentives available to Vermonters starting today, so it pays to act fast!
"With gas prices on the rise, it's getting harder and harder for Vermonters to afford their daily commute. Electric vehicles are a cost effective, sustainable solution," said Dave Roberts, Coordinator of Drive Electric Vermont. "These incentives will promote local businesses and help get costly gas guzzlers off our roads -- while making progress towards Drive Electric Vermont's primary goal: Helping Vermonters experience all the benefits of going electric for their next new car purchase."
Prospective car buyers who want to access a $500 incentive should visit one of the participating dealerships listed below and talk to a sales specialist about electric vehicle options. There are eight different models on the market in Vermont right now, in a wide range of prices and options. Buyers who select an eligible plug-in will receive an instant $500 price reduction at the point of purchase.
Participating dealerships each will have up to 7 incentive vouchers available:
Brattleboro Ford in Brattleboro, VT
Burlington Mitsubishi in South Burlington, VT
Freedom Nissan in South Burlington, VT
Hand Chevrolet in Manchester, VT
Heritage Ford in South Burlington, VT
Heritage Toyota in South Burlington, VT
Lamoille Valley Ford in Hardwick, VT
Shearer Chevrolet in South Burlington, VT
The Automaster in Shelburne, VT
Twin State Ford in St. Johnsbury, VT
White River Toyota in White River Junction, VT
"We are excited to partner with Drive Electric Vermont and local dealerships to promote plug-in vehicles this summer," said Marilyn Miller of the Vermont Vehicle and Automotive Distributors Association. "With a growing interest in electric cars, a $500 discount to buyers, and a busy sales season ahead, we're looking forward to seeing the number of electric cars on Vermont roads continue to grow."
The benefits of driving an electric vehicle have already convinced many Vermonters to invest in the high-tech transportation option. As of April 2014 over 630 plug-in passenger cars had been registered in the State -- a 240 percent increase from the 263 registered at the end of April 2013. It is less expensive to own a plug-in car than many gas-powered cars. With low maintenance costs, fueling equivalent to about $1 per gallon of gasoline, and a federal tax credit of up to $7,500, going electric is a smart investment.
The majority of plug-in cars registered in Vermont are plug-in hybrids which run on both gasoline and electricity, so there is little concern about range limitations. Charging is easily accomplished by plugging into a standard home outlet, upgrading to a dedicated home charging unit or visiting one of the many workplace and public charging locations across Vermont.
Funding for the Drive Electric Vermont incentive pilot was provided by a grant from the public benefit, non-profit corporation VLITE. Visit www.driveelectricvt.com to learn more about electric vehicles in Vermont, including a map of public charging stations.
Drive Electric Vermont is a project of the Vermont Energy Investment Corporation in partnership with the State of Vermont, industry representatives, and a broad array of stakeholders advancing electric vehicle technology.