Vermont § 2904 - Replace Your Ride Program

§ 2904. Replace Your Ride Program

• (a) Creation; administration. (1) There is created the Replace Your Ride Program, which shall be administered by the
  Agency of Transportation. (2) Subject to State procurement requirements, the Agency may retain a contractor or contractors
  to assist with marketing, program development, and administration of the Program. (b) Program structure. The Replace Your Ride Program shall structure incentive payments by income to help
  all Vermonters benefit from replacing lower efficient modes of transportation with
  modes of transportation that reduce greenhouse gas emissions. The Agency may apply
  a sliding scale incentive based on electric range, with larger incentives being available
  for PEVs with a longer electric range. (c) Incentive amount. The Replace Your Ride Program shall provide up to a $2,500.00 incentive for those
  who qualify under subdivision (d)(1)(A) of this section and up to a $5,000.00 incentive
  for those who qualify under subdivision (d)(1)(B) of this section, either of which
  may be in addition to any other available incentives, including through a program
  funded by the State, to individuals who qualify based on both income and the removal
  of an internal combustion vehicle. Only one incentive per individual is available
  under the Replace Your Ride Program. (d) Eligibility. Applicants must qualify through both income and the removal of an eligible vehicle
  with an internal combustion engine. (1) Income eligibility. (A) The lower incentive amount of up to $2,500.00 is available to the following, provided
  that all other eligibility requirements are met: (i) an individual domiciled in the State whose federal income tax filing status is single
  with an adjusted gross income under the laws of the United States greater than $60,000.00
  and at or below $100,000.00; (ii) an individual domiciled in the State whose federal income tax filing status is head
  of household with an adjusted gross income under the laws of the United States greater
  than $75,000.00 and at or below $125,000.00; (iii) an individual domiciled in the State whose federal income tax filing status is surviving
  spouse with an adjusted gross income under the laws of the United States greater than
  $90,000.00 and at or below $150,000.00; (iv) an individual who is part of a married couple with at least one spouse domiciled in
  the State whose federal income tax filing status is married filing jointly with an
  adjusted gross income under the laws of the United States greater than $90,000.00
  and at or below $150,000.00; or (v) an individual who is part of a married couple with at least one spouse domiciled in
  the State and at least one spouse whose federal income tax filing status is married
  filing separately with an adjusted gross income under the laws of the United States
  greater than $60,000.00 and at or below $100,000.00. (B) The higher incentive amount of up to $5,000.00 is available to the following, provided
  that all other eligibility requirements are met: (i) an individual domiciled in the State whose federal income tax filing status is single
  with an adjusted gross income under the laws of the United States at or below $60,000.00; (ii) an individual domiciled in the State whose federal income tax filing status is head
  of household with an adjusted gross income under the laws of the United States at
  or below $75,000.00; (iii) an individual domiciled in the State whose federal income tax filing status is surviving
  spouse with an adjusted gross income under the laws of the United States at or below
  $90,000.00; (iv) an individual who is part of a married couple with at least one spouse domiciled in
  the State whose federal income tax filing status is married filing jointly with an
  adjusted gross income under the laws of the United States at or below $90,000.00; (v) an individual who is part of a married couple with at least one spouse domiciled in
  the State and at least one spouse whose federal income tax filing status is married
  filing separately with an adjusted gross income under the laws of the United States
  at or below $60,000.00; or (vi) an individual who is a member of a household with an adjusted gross income that is
  at or below 80 percent of the State median income. (2) Vehicle removal. (A) In order for an individual to qualify for an incentive under the Replace Your Ride
  Program, the individual must remove an older low-efficiency vehicle from operation
  and switch to a mode of transportation that produces fewer greenhouse gas emissions.
  The entity that administers the Replace Your Ride Program, in conjunction with the
  Agency of Transportation, shall establish Program guidelines that specifically provide
  for how someone can show that the vehicle removal eligibility requirement has been,
  or will be, met. (B) For purposes of the Replace Your Ride Program: (i) An “older low-efficiency vehicle”: (I) is currently registered, and has been for two years prior to the date of application,
  with the Vermont Department of Motor Vehicles; (II) is currently titled in the name of the applicant and has been for at least one year
  prior to the date of application; (III) has a gross vehicle weight rating of 10,000 pounds or less; (IV) is at least 10 model years old; (V) has an internal combustion engine; and (VI) passed the annual inspection required under 23 V.S.A. § 1222 within the prior 18 months. (ii) Removing the older low-efficiency vehicle from operation must be done by disabling
  the vehicle’s engine from further use and fully dismantling the vehicle for either
  donation to a nonprofit organization to be used for parts or destruction. (iii) The following qualify as a switch to a mode of transportation that produces fewer
  greenhouse gas emissions: (I) purchasing or leasing a new or used PEV; (II) purchasing a new or used bicycle, electric bicycle, electric cargo bicycle, adaptive
  electric cycle, or motorcycle that is fully electric, and the necessary safety equipment;
  and (III) utilizing shared-mobility services. (e) Administrative costs. Up to 15 percent of any appropriations for the Replace Your Ride Program may be used
  for any costs associated with administering and promoting the Replace Your Ride Program. (f) Outreach and marketing. The Agency, in consultation with any retained contractors, shall ensure that there
  is sufficient outreach and marketing, including the use of translation and interpretation
  services, of the Replace Your Ride Program so that Vermonters who are eligible for
  an incentive can easily learn how to secure as many different incentives as are available
  and such costs shall be considered administrative costs for purposes of subsection
  (e) of this section. (Added 2023, No. 62, § 19, eff. July 1, 2023; amended 2023, No. 148 (Adj. Sess.), § 17, eff. July 1, 2024.)