The Polis Administration’s commitment to Electric Vehicles continues as they announced on October 2 that they will increase point-of-sale electric vehicle (EV) rebates through the Vehicle Exchange Colorado (VXC) program. The increases begin on November 3, 2025 with VXC rebates increasing from $6,000 to $9,000 for new EV purchases and leases, and $4,000 to $6,000 for used EV purchases and leases.
In a press release, Governor Polis explained that by strengthening the rebates, Colorado continues to be a trailblazer in electric vehicles.
“The market has made it clear, EVs are here to stay,” says Governor Polis. “Colorado is a national leader in EVs, expanding access and creating pathways for Coloradans to purchase an EV at low-cost. I encourage all Coloradans who are thinking of buying an electric vehicle or have been holding off: get out there right now.”
The Colorado Energy Office explains that its state has risen to be a leader in the EV space by making available federal tax credits and generous state incentives to purchase/lease EVs. As a result, more than 200,000 EVs have been registered in Colorado to date, and EVs make up a quarter of new vehicle sales so far in 2025.
Colorado Energy Office Executive Director Will Toor believes the rebates put the state one step closer to having 1 million EVs driving on Colorado roads in 2026.
“Transportation is a leading source of emissions in Colorado, making widespread EV adoption essential to achieve our climate goals,” says Toor. “Coloradans have made it clear that they want EVs, and with Congress revoking key incentives that save Coloradans money, we are stepping up. These increased incentives will help ensure EVs stay affordable in Colorado as we work toward nearly 1 million EVs on our roads by 2030.”
The purpose of the VXC rebate is to partially cover the upfront cost of the EV at the time of purchase or lease from an authorized automobile dealer.
If you’re looking for more information on the program, you can apply on the VXC webpage.
