The following information is provided directly from the state of Colorado.

Vehicle Exchange Colorado (VXC) Overview

  • VXC is a state-funded program through the Community Access Enterprise (created by SB21-260).
  • A statewide point-of-sale rebate program to remove high-emitting vehicles from the road and replace them with battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Program is targeted to launch during summer 2023

Vehicle Exchange Colorado (VXC) Eligibility Requirements

  • A VXC program participant must be a resident of Colorado, income-qualified, AND have their high-emitting vehicle recycled following their BEV/PHEV purchase/lease
  • Must meet at least ONE of the following income criteria:
    • Household income below 80% of area median income (AMI)*
    • Enrollment in other income-qualified programs
  • High-emitting vehicles must meet ALL of the following criteria:
    • Vehicle must be registered under the participant’s name with the Colorado DMV for at least one (1) year
    • Vehicle title must be issued to the participant (e.g., no lien)
    • Vehicle is operational and uses gasoline/diesel as fuel
    • Vehicle is a model year 2011 or older OR fails Colorado emissions test

Vehicle Exchange Colorado (VXC) Rebates

  • Rebate amounts for VXC are still being finalized. Tentative amounts:
    • New BEV or PHEV purchase/lease: $6,000 rebate
      • Lease term must be a minimum of two years
    • Used BEV or PHEV purchase/lease: $4,000 rebate
      • Lease term must be a minimum of two years
  • Participants can receive a rebate on any new or used BEV or PHEV purchase/lease that has a maximum MSRP or purchase price of $50,000

Other Vehicle Rebate Options and Tax Credits

  • Two income-qualified EV rebate programs in CO are currently available through utility companies (no vehicle recycling is required for these rebate programs):
    • Xcel Energy EV Rebate program – $5,500 rebate for new BEV/PHEV purchase or lease; $3,000 for used BEV/PHEV purchase or lease (at least two years)
    • Black Hills Energy Ready EV program – same rebate amounts as Xcel Energy
      • The Black Hills Energy EV rebate program is for purchases only
      • Email address:
  • Available tax credits:
    • State tax credit (Colorado)*
      • $2,000 for a new BEV or PHEV LD passenger vehicle purchase
      • $1,500 for a 2-year or longer BEV or PHEV LD passenger vehicle lease
    • Federal tax credit
      • New vehicles: Up to $7,500 for the purchase of a qualifying new BEV, PHEV, or Fuel Cell Electric Vehicle (FCEV)
      • Used vehicles: Up to $4,000 for the purchase of a pre-owned BEV, PHEV, or FCEV
Vehicle Exchange Colorado (VXC)

Please contact Ed Piersa at with any questions or to be added to the VXC notification list.

For guidance, feel free to reach out to us at Peak EV Solutions.

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