"Colorado's Electric Vehicle Cash-for-Clunkers Program: Get $6K for Your Old Gas-Guzzler"
Colorado is launching an electric vehicle (EV) cash-for-clunkers program, offering $6,000 in rebates to the first few hundred people who trade in their older fossil-fuel powered cars for a new or used EV. The program aims to promote equity in the electrification revolution, reduce emissions, and increase EV adoption. Participants must meet income qualifications, purchase a qualifying EV, and turn in a fully owned, older car. The $6,000 rebate can be applied at the point of purchase, and it can be stacked with other EV rebates and tax credits. The program is open-ended but limited to the initial $1.8 million budget.