Xcel Energy Offers EV Subsidies to Colorado Drivers
Sept. 16, 2021—Xcel Energy unveiled last week a program to help accelerate Colorado's transition to electric vehicles.
Colorado Public Radio reports the Minnesota-based power company is rolling out an extensive and comprehensive plan to help lower income households purchase not just an EV but also the infrastructure needed to maintain one.
Customers enrolled in "specific government assistance programs" and making below 60 percent the state median income qualify for a $5,500 rebate on new EVs and $3,000 on used EVs. Both rebates only apply to vehicles that cost less than $50,000.
“The programs we’ve put out are so we can make driving electric cars accessible for all of our customers,” Xcel Energy Colorado President Alice Jackson said.
The program also includes a home EV charger subscription, in which customers pay a flat rate of around $13 to have the company install and maintain a high-voltage charger at the owner's home.