Vehicle Exchange Colorado Program

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Colorado's vehicle exchange program makes your upgrade to an EV more affordable. The Vehicle Exchange Colorado (VXC) program helps income-qualified Coloradans recycle and replace their old or high-emitting vehicles with electric vehicles (EVs). The VXC rebate partially covers the upfront cost of the EV at the time of purchase or lease from an authorized automobile dealer.

We encourage income-qualified Coloradans who own eligible old or high-emitting vehicles to apply for this rebate.

Old or high-emitting vehicles that are eligible to trade-in for an EV rebate must meet the

following requirements:

● Operational gasoline- or diesel-powered vehicle

● Model year is 12 years or older (e.g., model year 2014 or older for a 2026 application) or vehicle fails a Colorado emissions test

● Vehicle is currently titled in Colorado and the applicant name matches the name on the title. Vehicle title is solely issued to VXC applicant (see the DMV Titles - FAQs page if you have a vehicle title with more than one owner listed)

● Vehicle title does not have a lien (e.g., there is no outstanding loan for the vehicle)

● Vehicle is currently registered with the Colorado Division of Motor Vehicles under the applicant's name

● Title is a clear title, bonded title, reconstructed title, affidavit title, rebuilt title, water damage title, or odometer rollback title. It cannot be a salvage title, junk title, or dismantled title.

Note: electric vehicles, hybrid vehicles, motorcycles, recreational vehicles (RVs), campers, and boats are not eligible to exchange through VXC at this time.

Applicants who receive a VXC rebate may use it to purchase or lease a new or used:

● Battery Electric Vehicle (BEV), or fully electric vehicle, which is powered completely by a battery.

● Plug-in Hybrid Electric Vehicle (PHEV), which is powered by a battery, with an average range of 20-50 miles, and a traditional gas tank and engine. Eligible Coloradans can receive the following rebate amounts for a qualified electric vehicle purchase or lease (note: a lease term must be a minimum of two years):

● New electric vehicle (BEV or PHEV): $9,000

● Used electric vehicle (BEV or PHEV): $6,000

Note: These VXC rebate amounts for eligible electric vehicles are effective November 3, 2025. These new rebate amounts are NOT retroactive; and are NOT post-sale rebates.

New vehicles must have a manufacturer's suggested retail price (MSRP) of $80,000 or less (see page 3 of the Innovative Motor Vehicle Tax Credit guidance); and used vehicles must have a final negotiated price of $50,000 or less (note: the final negotiated price does not include destination charges or optional items added by the dealer, or taxes and fees).

The title for the EV must include the VXC participant. VXC rebate recipients may take out a loan (with or without a cosigner) to finance the vehicle purchase. Note: The VXC participant must be listed as the primary purchaser or lessee. The State allows VXC participants to combine the VXC program rebate with the state tax credit and other EV rebates. However, other EV rebate programs may not allow participants to combine their rebate with a VXC rebate or other EV incentive (e.g., tax credits). We recommend that participants reach out directly to these other EV rebate programs to find out whether they allow participants to combine their rebate with the VXC rebate and other EV incentives for the same vehicle purchase or lease. After applying all other available rebates, tax credits, or other discounts, the VXC rebate may not exceed the remaining purchase or lease price of the vehicle.