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Colorado is increasing its point-of-sale electric vehicle rebates for income-qualified residents.

New EV rebates will rise to $9,000, and used EV rebates will increase to $6,000 starting Nov. 3.

The increased rebates are part of the Vehicle Exchange Colorado program, which requires trading in an older, high-emissions vehicle.

Colorado will increase its point-of-sale electric vehicle rebates for those replacing old and high-emissions vehicles beginning Nov. 3 in response to the expiration of federal EV incentives, Colorado Gov. Jared Polis announced Oct. 2.

Rebates available to Colorado residents through the state’s Vehicle Exchange Colorado program will increase from $6,000 to $9,000 on new EV purchases and leases and from $4,000 to $6,000 on used EV purchases an

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