Participating Dealer Agreement for New PEVs and Replace Your Ride Offering Point-of-Sale or -Lease IncentivesMarch 26th, 2024
FiledMarch 26th, 2024This agreement defines the terms under which the Center for Sustainable Energy (CSE), as program implementers for the State of Vermont’s New Plug-In Electric Vehicle (PEV) Incentive Program and Replace Your Ride (RYR) Incentive Program, will reimburse an automobile dealer signing this agreement (Dealer) for eligible consumer purchases or leases of eligible all-electric and plug-in hybrid electric vehicles, and for the scrapping of all eligible Internal Combustion Engine (ICE) vehicles. These incentive programs are known as the “State New PEV Incentive Program” or “New PEV Program” and “State of Vermont Replace Your Ride Program” or “RYR Program” respectively.