The federal EV incentives may have ended on September 30th, but Colorado isn’t slowing down its commitment to clean transportation. In fact, the state has introduced and expanded several programs that make owning — and charging — an electric vehicle more affordable than ever.

At EV Plug Pros, we’re here to help you understand what these incentives mean, how they compare to the federal programs, and how you can take advantage of them before they change again.

The End of Federal EV Incentives

As of September 30, 2025, several federal EV rebate and tax credit programs expired or were phased out, including portions of the Inflation Reduction Act’s commercial EV charging incentives. These programs made it easier for businesses and homeowners to offset installation costs for EV chargers and purchase new electric vehicles.

While this created uncertainty nationwide, Colorado has stepped up to fill the gap with its own robust incentive programs — many of which are just as strong, if not stronger, than their federal counterparts.

Colorado’s New and Improved EV Incentives

Colorado has long been a leader in clean energy and sustainability, and the latest updates reinforce that commitment. Here are some key EV and charger incentives available in 2025:

State Tax Credit for Electric Vehicles

• As of 2025, Colorado provides a $3,500 tax credit for purchasing or leasing a new electric vehicle, which adjusts to $750 beginning in 2026.
• An additional $2,500 credit is available for qualifying electric trucks and larger vehicles.
• These credits are available at the time of sale, which means instant savings — no waiting until tax season.

Learn more: Colorado Department of Revenue – EV Tax Credits & EV CO info

Vehicle Exchange Colorado (VXC) Program

Beginning November 3, 2025, the Vehicle Exchange Colorado (VXC) program offers substantial point-of-sale rebates to help Colorado residents replace older, high-emission vehicles with cleaner electric alternatives.

Eligible buyers can receive:

• Up to $9,000 toward a new EV
• Up to $6,000 toward a used EV

To qualify, the dealership must be registered as a participating VXC partner, ensuring the rebate is applied instantly at the time of purchase.

Learn more here: Vehicle Exchange Colorado (VXC)

EV Charger Rebates

• Colorado residents and businesses can get rebates up to $1,000 for Level 2 home charger installations through various utility programs, including Xcel Energy’s EV Charger Rebate Program.
• Denver Climate Action Rebate Program (CARe) — Residents within the City and County of Denver may receive up to $200 toward the installation of a Level 2 charger at home through the Denver Climate Action Rebate Program (CARe). This program supports clean transportation goals and helps reduce upfront installation costs for Denver EV owners.
• Commercial properties may qualify for even higher rebates when installing multiple chargers or networked systems.

Commercial and Fleet Incentives

• Businesses in Colorado can apply for Charge Ahead Colorado & the Fleet Zero EV Charging Grant, which support fleet electrification and infrastructure.
• These incentives can cover a significant portion of the installation costs for DC Fast Chargers or Level 2 charging stations.

Learn more here: Charge Ahead Colorado EV Charging Grant