Since its discovery, electrochromism, known as the modulation of optical properties under an applied voltage, has attracted strong interest from the scientific community and has proved to be of significant utility in various applications. Although vanadium dioxide (VO2) has been a candidate for extensive research for its thermochromic properties, its intrinsic electrochromism has scarcely been reported so far. In this study, multi-electrochromism is described for VO2 thick films. Indeed, a VO2 opaque film, doctor bladed from homemade monoclinic VO2 powder, shows a pronounced color modulation from orange to green and blue associated with an amorphization-recrystallization phenomenon upon cycling in a lithium-based electrolyte. The strong memory effect allows us to follow the coloration mechanism by combining various ex situ and in situ characterizations addressing both structural and electronic aspects. Upon cycling, the multichromism of VO2 finds its origin in the transformation of VO2 into orange V2O5 upon oxidation, while in reduction, the blue lithiated state illustrates a mixed vanadium oxidation state.