According to a media report, the state of Colorado, USA, has started a new vehicle exchange program, wherein residents will get a rebate upon agreeing to replace their old ICE-powered cars with new EVs or plug-in hybrids.<\/p>\n
Participants purchasing a new EV will get a rebate of $6000, while those opting for a used car will get $4000. However, the exchange program isn’t for everybody. As per reports, the rebate for exchanging old cars for EVs is applicable only to people who aren’t super well-off. To qualify for the rebate, people must be part of the state’s income-qualified programs or make less than 80% of their county’s median income.<\/p>\n
Another requirement is that the vehicles that are traded in should be at least 12 years old or should have failed an emissions test.<\/p>\n
Edward Piersa, Program Manager, Colorado Energy Office, stated, “This is a program that is very much designed to help recycle and replace those older high-emitting vehicles with electric vehicles.” He added, “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.”<\/p>\n