Vehicle Exchange Colorado (VXC) EV Rebate
New EVs must have MSRP <= $80,000. Used EVs must have final negotiated price <= $50,000. Lease terms must be at least 2 years. The VXC rebate cannot exceed the remaining purchase or lease price of the vehicle after applying other incentives. Rebate amounts updated Nov 3, 2025.
The Vehicle Exchange Colorado (VXC) program offers massive point-of-sale rebates for low-income residents who trade in their old gas clunker for an electric vehicle. Income-qualified buyers receive $9,000 for a new EV or $6,000 for a used EV when trading in a 12+ year old or emissions-failing vehicle.
Guidance
The Vehicle Exchange Colorado (VXC) program provides a $6,000 to $9,000 point-of-sale rebate to income-qualified residents who trade in an older or emissions-failing gas vehicle for an electric vehicle (EV). Buyers must get pre-approved before purchasing at a participating dealership.
Homeowner Tasks
- Apply for program pre-approval and verify income qualification
You must prove your household income is at or below 80% Area Median Income (AMI) or that you are enrolled in an eligible state assistance program before buying.
- Select a participating Vehicle Exchange Colorado (VXC) dealership
The rebate is only available as a point-of-sale discount at approved, participating dealerships.
- Trade in an eligible gas-powered vehicle
Your trade-in must be gas-powered and either 12 or more years old OR currently failing emissions tests.
- Purchase a qualifying new or used electric vehicle
Select a new EV for a $9,000 rebate or a used EV for a $6,000 rebate.
Contractor Tasks
- Verify the buyer's VXC program pre-approval
Ensure the buyer has been officially pre-approved by the program administrator before proceeding with the sale.
- Confirm the trade-in vehicle meets program criteria
Verify the trade-in is a gas-powered vehicle that is 12+ years old or failing emissions.
- Apply the rebate as a point-of-sale discount
Deduct $9,000 for a new EV purchase or $6,000 for a used EV purchase directly from the purchase price.
- Submit the transaction documentation to APTIM
Complete the required program paperwork to get reimbursed for the point-of-sale discount.
Qualification
- Income-qualified
Must be income-qualified (<80% AMI) or enrolled in eligible state assistance programs.
- Pre-approval required
- Contractor enrollment required
Participating automobile dealers must be authorized by the Colorado Energy Office and attend a virtual orientation annually.
- Fuel switching required
Trade-in vehicle must be an operational gasoline or diesel-powered vehicle that is either 12+ years old OR fails a Colorado emissions test. The vehicle must have a clear title in the applicant's name with no liens. Salvage, junk, or dismantled titles are not eligible.
Not required: energy star certified equipment · ahri matched pair · has income-qualified portion · permit required
Important Dates
- Program runs:
- November 3, 2025
Budget & Availability
- May 12, 2026Effective date of current structure noted as November 3, 2025 in structured data. Funding is active.
How to Submit
Applications are administered by APTIM. Buyers must get pre-approved and verify their income/assistance enrollment prior to purchasing. The rebate is applied as a point-of-sale discount at participating dealerships.