Since the introduction of the purchase rebate, electric vehicle sales have climbed steadily across the country, with the exception of a COVID-related dip in recent months. The rebate also applies when a vehicle is leased on a 48-month term. Rebates will be available until Program funding is depleted. For more information, visit: New Vehicle Rebate. Narrow it to “middle-income” or lower buyers, meaning people with less than $250,000 annual income. Higher trim models of qualifying base vehicles may still be eligible. The vehicle is essentially a motor vehicle designed or adapted for use on streets and highways (excluding a trolley bus or a vehicle designed or adapted to be operated only on rails) Is a plug-in hybrid with battery capacity of at least 7kWh or is fully: electric; or; powered by hydrogen. Prices of both IONIQ EV trims, the Preferred and Ultimate, fall within the $45,000 federal rebate criteria. Charge from an external source. Tesla has created a cheaper version of Canada’s most popular electric car, the Model 3, with a shorter range of 150 km and priced it at $44,999 to qualify for the rebate. See the following links: Federal iZEV Program. Starting in fiscal year 2019-20, the government will provide Transport Canada with $300 million to administer the program. Used EV Incentive The Province of Québec offers up to $4,000 off the purchase of a used electric vehicle. B.C. Canadians who purchase electric vehicles or plug-in hybrids are eligible for an incentive of $2,500 to $5,000. Fortunately, the government has stepped in with EV rebates and incentives to get us all thinking electric... Sign up for the latest news on the best cars & deals near you! By 2020 the subsidy will be zero dollars for Tesla. When the government released their yearly federal budget in March 2019, one of the key highlights of the document was a $300 million pledge to incentivize Canadians to go “green” on their next vehicle purchase. With topics like climate change and carbon tax constantly in the daily headlines, more and more drivers are starting to feel pangs of guilt, maybe even dread, when they pull up to the gas pump. Federal Point-of-Sale Rebate. A federal rebate for electric cars comes into effect in Canada on May 1. Need inspiration? The funding, spread over three years, offers buyers up to $5,000 in rebates when buying a zero-emission vehicle (ZEV). Federal rebates to encourage Canadians to buy electric cars take effect today. As of May 1, 2019, the Government of Canada provides point-of-sale incentives for fully battery electric and plug-in hybrid electric vehicles with a base model MSRP under $45,000 (or under $55,000 in the case of vehicles with 7+ seats). Even vehicles are getting in on the action. For incentives related to the purchase of an EV, visit our friends at Electric Mobility Canada. Canadian electric vehicle sales are still heavily concentrated in Quebec and British Columbia, which offer provincial rebates on top of the federal rebate. Check out the breakdown of Please consult the detailed list of eligible new vehicles to determine the exact amount of the rebate now in force for the vehicle models that interest you. Tesla’s Model 3 now qualifies for Ottawa’s electric vehicle rebate program. All battery electric vehicles are eligible for the full $7,500, whereas some plug-in hybrids with smaller batteries receive a reduced amount. The latest and greatest automotive news highlights of the last 7 days in 60 seconds...... It’s not science fiction anymore—the age of self-driving vehicles is imminent. But the plan also renewed the spotlight on commitments made in last week’s Fall Economic Statement to extend funding for electric vehicle rebates and charging infrastructure. Used electric vehicles manufactured by Kia, Mitsubishi-Motors, Mercedes-Benz and Volkswagen that are purchased from the United States do not qualify because the new car warranty does not transfer across the border. A grouping of incentives related to energy efficiency from provincial/territorial governments, major Canadian municipalities and major electric and gas utilities are offered below: Canada’s Electric Vehicle Rebate Program: Up to $5,000 in Incentives for 27 Cars (Excludes Tesla) Share & comment. The Model 3 barely qualified – Tesla had to introduce the Standard Range to Canada, price it very low, and as a result, also limited its range to only 150km (as the REALLY don’t want consumers buying it). Other incentives include a $1,250 rebate on a 12-month lease, $2,500 on a 24-month lease and $3,750 on a 36-month lease. Be purchased. It amounts to $226.4 million since 2016, which translates into 433 charging and fuelling stations built and over 800 under construction. The federal electric car tax credit is an incentive to encourage Americans to buy hybrid and electric vehicles by lowering the up-front costs of buying one. To locate a Toyota Canada Dealer with , enter a Postal Code, Province, City or Dealer Name: ... a new federal rebate took effect to encourages drivers to purchase electric vehicles. This includes fully electric, plug-in hybrid, hybrid and hydrogen fuel cell. Trims of the same Model qualify up to MSRP $55,000 before delivery centre fees. Ninety-seven per cent of electric-car sales in Canada have taken place in Quebec, B.C. Battery-electric, hydrogen fuel cell, and longer range plug-in hybrid vehicles (battery capacity is 15kWh or more) are eligible for an incentive of $5,000 Shorter range plug-in hybrid electric vehicles (battery capacity is less than 15kWh) are eligible for an incentive of $2,500 Please refer to … Best Winter Tire Deals in Canada for 2021. Isabelle Turcotte, federal policy director at the Pembina Institute, called the plans “another downpayment on a resilient, inclusive and competitive economy.”. the car in question must have a manufacturer’s suggested retail price of less than $45,000. The federal incentive program for zero-emission vehicles (ZEVs) will provide incentives of up to $5,000 for consumers who buy or lease an eligible ZEV. Share: Tweet Share. The latest funds are in addition to the CIB’s investment plan (outlined earlier this year) that has $1.5 billion earmarked to accelerate the adoption of ZEV buses and accompanying infrastructure. Canadians who purchase electric vehicles or plug-in hybrids are eligible for an incentive of $2,500 to $5,000. To be … The program provides point-of-purchase rebates on eligible passenger vehicles of up to: $3,000 for the purchase or lease of a new battery electric vehicle, hydrogen fuel cell vehicle, or longer-range plug-in hybrid electric vehicle. 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