Vehicle Exchange Colorado (VXC) Program
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.
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How It Works
Vehicle Exchange Colorado
Please carefully read the Terms and Conditions for full details about program rules and eligibility.
View Participant Terms & Conditions
Confirm eligibility.
Check income and old or high-emitting vehicle eligibility requirements for a rebate. See Eligible Applicants and Eligible Vehicles sections below.
Gather application materials.
You will need to provide your name, contact information, driver license, proof of income-qualification, proof of current Colorado address, and old or high-emitting vehicle information. See Eligible Applicants and Eligible Vehicles sections below for more information about acceptable documentation.
Get application approval.
We will reach out to you if there are any issues with your application that need to be fixed.
Trade-in your old or high-emitting vehicle at a participating automobile dealer
for a point-of-sale rebate on a qualifying EV purchase or lease.
For assistance with your VXC application or any questions about the program, please contact the program’s customer service team:
Phone: 833-933-9602
Email: vxc@aptim.com
Note: Program procedures, requirements, and point-of-sale rebate levels are subject to change or cancellation without notice and are subject to available program funds.
Eligible Applicants
Note: Only one VXC rebate is allowed per tax household.
In order to qualify for the VXC program, a participant must:
- Live in Colorado
- Be 18 years old or older
- Be eligible to purchase or lease a vehicle in Colorado
- Own an eligible old or high-emitting vehicle (see the Eligible Vehicles section below)
Meet at least one of the following income requirements:
- Household income below 80% of the area median income in the county where the resident lives
View 80% AMI chart
OR Enrollment in any one of the following financial assistance programs:
- Colorado Affordable Residential Energy (CARE) Program
- Colorado’s Weather Assistance Program (WAP)
- Medicaid
- Regional Transportation District (RTD) LiVE
- Section 8 voucher holder
- Social Security Disability Insurance (SSDI)
- Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)
- State of Colorado Low-Income-Energy Assistance Program (LEAP)
- Supplemental Nutrition Assistance Program (SNAP)
- Supplemental Security Income (SSI)
Acceptable Proof of Income and Address Documentation
Income
If not enrolled in an income-qualified program, applicants can prove income with the first page of either your 2022 or 2023 Federal tax form 1040 (Line 9 - Total Income is used). Alternatively, pay stubs can be provided to prove income (at least four consecutive weeks of pay stubs which must all be fewer than six months old).
Address
Acceptable proof of address documents must be dated within one year of the application and include the following:
- Current and valid Colorado Driver License or ID
- Computer-generated bill (utility, credit card, doctor, hospital, etc.)
- Printed bank statement
- Pre-printed pay stub (from a period within the last three months)
- First-class mail (from a government agency or court)
- Current homeowners, renter's, or motor vehicle insurance policy
- Mortgage, lease, or rental contract
- Transcript or report card from an accredited school
- Motor vehicle registration
- USPS Change of Address Form CNL107
- DD Form 214
Eligible Vehicles
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 2012 or older for a 2024 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 Department 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): $6,000
- Used electric vehicle (BEV or PHEV): $4,000
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.
The State allows VXC participants to combine the VXC program rebate with state and federal tax credits 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.
Participating Automobile Dealers
Rebate recipients can only redeem a VXC rebate to purchase or lease an EV from an authorized automobile dealer. The vehicle must be purchased or leased after you have been approved for a VXC rebate. Rebates are not retroactive to past purchases or leases.
List of Participating Automobile Dealers
Map of Participating Dealers
If you are interested in participating in the VXC program as an authorized automobile dealer, please fill out the Vehicle Exchange Colorado pre-registration form for automobile dealers. Additional VXC registration information for automobile dealers can be found at the link below:
Registration Information for Automobile Dealers
Please carefully read the Terms and Conditions for full details about program rules and eligibility.
View Dealer Terms & Conditions
Additional Resources
For more information, please refer to the Vehicle Exchange Colorado – FAQ.
VXC – Frequently Asked Questions
Additional incentives available for Coloradans looking to purchase or lease an electric vehicle, include:
- State and federal EV tax credits
- Utility rebates – some utility providers offer rebates to consumers to offset the cost of electric vehicles, and to install home EV Chargers. Reach out to your utility provider to learn more.
If you are interested in learning more about the benefits, costs, and types of electric vehicles, visit the EV CO website.
