Washington Examiner

Colorado pays residents $6,000 to swap gas cars.

Colorado Launches Vehicle Exchange Program with ⁤Up to​ $6,000 Incentive

Coloradans ⁢now have the opportunity to receive a generous incentive of up to $6,000 by participating in the⁤ state’s exciting​ new Vehicle Exchange Colorado program. ⁢This ‍initiative, launched ⁤on Thursday, aims to encourage residents to trade in their‌ old‍ gas-powered vehicles for more environmentally friendly options.

Participants in Vehicle Exchange Colorado have two⁣ enticing options to choose​ from. They can either receive a⁣ payment of $6,000 to​ put towards the ⁤acquisition or lease⁤ of a ‌brand new ⁢electric vehicle⁤ or plug-in hybrid. ‌Alternatively,​ they can opt for a $4,000 incentive towards the purchase of a used vehicle.

Eligibility‌ Requirements and‌ Benefits

To qualify for the‌ program, gas-⁤ or diesel-powered vehicles being‍ exchanged must be at least 12 years old or fail to pass an ⁤emissions test. Additionally, Vehicle Exchange Colorado⁤ is exclusively available ⁤to residents who meet income-qualifications or have an income that is ‍at ‍or below 80% of their area’s median income.

“In part due to cost,⁤ many low- to moderate-income‍ people in Colorado have ⁤not ‍had access to electric ‌vehicles. This program will help bridge that gap,” explained Colorado​ Energy Office‍ Program Manager Edward Piersa.

Increasing ‍Access to Electric Vehicles

Vehicle Exchange Colorado​ aims to address the disparity⁤ in​ electric vehicle ‌ownership ⁤among different income⁣ brackets. According to a report, over 80% of the 12,000 ⁢homes‍ that received a ⁣state EV tax ⁣credit from 2017 to 2020 ⁣had an annual income of over $100,000. By offering substantial incentives, the program hopes to ⁣make electric ‌vehicles ⁣more accessible to a wider range of ⁢Coloradans.

Currently, at⁤ least 70 dealerships ‍are ⁤pre-registered with ⁤Vehicle Exchange⁢ Colorado, making it easier for participants to find‍ the perfect electric⁣ or plug-in hybrid vehicle.

Don’t‌ miss out on ‍this incredible ⁤opportunity‌ to upgrade ⁣your ‍vehicle and contribute ⁢to a greener future. Click⁢ here ⁣to learn more about Vehicle Exchange Colorado and ⁤how you can take‍ advantage of ‌this⁢ exciting ⁤program.



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