Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- All
- Industry Impact
- Tax Revenue
- Registrations
- New Purchases
- Activity at Ports
- Fueling
- Consumers
- Automaker Facilities
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State Facts
Autos Drive Vermont Forward
Industry Impact
15K
15 Thousand total auto jobs in Vermont
3.60%
3.60% depend on the auto industry for jobs
$969.15M
Total Labor Income Annually
$3.15B
Total Car Sales in 2022
35.2K
Total New Cars Sold in 2022
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022.
Tax Revenue
$216.6M
total state tax revenue
5.28%
% of state tax revenue
$100.85M
new vehicle sales taxes
$610.06M
used vehicle sales taxes
$21.45M
sales tax on auto parts and services
$199.56M
vehicle use taxes (including gas taxes), licenses and fees
$2.06M
corporate profits tax
$26.23M
federal income taxes
Registrations
554.9K
Registered
By Body Style
- Cars 154,610 (27.86%)
- UVs 232,319 (41.86%)
- Pickups 137,454 (24.77%)
- Vans/Minivans 22,979 (4.14%)
By Powertrain
- ICE / Hybrid 546,410 (98.46%)
- Electric 4,613 (0.83%)
- Plug-In Hybrid 3,926 (0.71%)
- Fuel Cell 0 (0%)
The Vermont average age of vehicles is 10.0 years; The national average is 12.2.
Figures compiled by Powerbase Associates with data provided by S&P Global Mobility as of December 31, 2022.
New Purchases
35.2K
Vehicles Sold
By Body Style
- Cars 3,908 (11.11%)
- UVs 20,617 (58.6%)
- Pickups 9,840 (27.97%)
- Vans/Minivans 817 (2.32%)
By Powertrain
- ICE / Hybrid 32,718 (93%)
- Electric 1,545 (4.39%)
- Plug-In Hybrid 919 (2.61%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- 311.75M 311.75 Million Total Exports
- 1.1B 1.1 Billion Total Imports
Economic Activity from 2022
- 20.36M 20.36 Million Total Exports
- 135.3M 135.3 Million Total Imports
Compiled by Powerbase Associates with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2022 - December 31, 2022.
Fueling
- Gasoline Stations 566
- EV Level 2 Charging Ports 647
- EV Level 2 Charging Stations 266
- EV DC Fast Charging Ports 48
- EV DC Fast Charging Stations 36
Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling data as of January 1, 2023.
Consumers
$72.4K
Median Household Income
72.70%
Owner Occupied Housing
27.30%
Rental Occupied Housing
92.40%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (67.17%)
- Carpool to Work (7.35%)
- Take Public Transportation (0.52%)
- Work From Home (19.59%)
- Other (5.37%)
Housing Type
- Single Family Home (67.30%)
- 1-Unit (4.60%)
- 2-4 Units (10.30%)
- 5-9 Units (5.20%)
- 10-19 Units (2.20%)
- 20+ Units (4.80%)
- Mobile / RV / Boat (5.60%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.