As electric vehicle demand plummets across the nation, Colorado officials are extending another carrot. From the Colorado Sun:
“Colorado is boosting its popular cash-for-clunkers EV buying support by nearly 60% with a $9 million fund for 2024-25, after retiring more old, dirtier cars than expected off the road during the first year.
The state exhausted $5.7 million for the first year of the fund, which helps income-qualified buyers with an extra $6,000 rebate at the cash register if they turn in an older car when buying a new EV. Turning in an old car and buying a used EV can bring an exchange rebate of up to $4,000.
Stacked with other federal, state and utility EV rebates, the extra state boost can cut the cost of some EVs by far more than half.”
Hellbound and Down 