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State reports surge in EV incentives; programs ran short of funds and low‑income targeting rose
Summary
Patrick Farti of AOT updated the Senate Transportation committee on electric vehicle incentive programs, saying the state ran out of funds for some incentives in October after rapid uptake, with a shift toward leasing and stronger targeting of lower‑income households.
Patrick Farti of the Agency of Transportation briefed the Senate Transportation committee on the status of Vermont’s electric‑vehicle incentive programs and said rapid uptake exhausted some program funds in October.
Farti said the state has modeled vehicle targets for meeting the Global Warming Solutions Act and that incentives are an important component of increasing battery‑electric and plug‑in hybrid registrations. “We did run out of funds in October,” Farti said, describing a sharp increase in redemptions last summer and early fall that exceeded earlier projections.
Why it matters: the availability and design of incentives affects consumer choices, dealer offers and how quickly lower‑income households gain access to electric vehicles and e‑bikes.
Farti summarized the suite of programs authorized by statute and session law: incentives for new plug‑in electric vehicles (PEVs), MileageSmart, Replace Your Ride, an e‑bike…
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