Wednesday, November 20, 2019

13 Electric Vehicles Eligible For $5,000 Canada IZEV Program Incentive UPDATE

The government of Canada is adding a $5,000 incentive on electric vehicles starting on May 1st.

UPDATE: We have updated the list to reflect the new Tesla Model 3 Standard range which is priced at $44,999 announced on May 1. 

Starting on May 1 2019, electric vehicles will be eligible for a $5,000 rebate from the government of Canada under its new iZEV incentive program. The EV incentive program will provide Canadian consumers with an added reason to look into buying an electric vehicle.

The program is divided into two parts and covers 27 new vehicles currently on sale in Canada. There are 10 plug-in hybrid vehicles on the list which get a $2,500 rebate, and 17 electric vehicles counting versions that get $5,000. These rebates are stackable with rebates offered by provincial governments. In other words, buyers in Quebec will get an additional $8,000 over the $5k while EV buyers in British Columbia get an extra $5,000.

To qualify, vehicles need to cost less than $45,000 which means that no Tesla model is eligible and that certain models will likely review their pricing structure. Just recently Hyundai announced that they were lowering the price of the Hyundai Kona EV by $600 to be eligible for the iZEV program.

It should be noted, however, that some of the models on the following list like the Chrysler Pacifica Hybrid, Honda Clarity Plug-in Hybrid and Chevrolet Volt are not 100 percent electric and do have a gasoline engine included within their powertrain. That said, the battery powering their electric motors has a capacity that’s higher than 15-kWh (meaning more range) and they therefore qualify for the full $5,000 iZEV incentive.

Moreover, $5,000 is the maximum allowable rebate and buyers need to either purchase the vehicle or lease it for 48 months. The following rebates apply for shorter leases:

  • 12-Month Lease: $1,250
  • 24-Month Lease: $2,500
  • 36-Month Lease: $3,750

The government of Canada lists 17 eligible electric vehicles for its $5,000 rebate, but this list includes versions of the various models. We simplified the list somewhat.

And now, let’s look at the 12 electric vehicles eligible for the $5,000 iZEV incentive program in Canada. The prices shown are before rebates.

2018 and 2019 Chevrolet Bolt – $44,800

Chevrolet Bolt IZEV program
Chevrolet Bolt EV | Photo: Chevrolet

2018 and 2019 Chevrolet Volt – $40,195

2019 Chevrolet Volt IZEV program
2019 Chevrlet Volt | Photo: Chevrolet

2017, 2018 and 2019 Chrysler Pacifica – $36,995

Chrysler Pacifica IZEV program
Chrysler Pacifica | Photo: Dan Heyman

2018 Ford Focus Electric – $34,998

Ford Focus Electric IZEV Program
Ford Focus Electric | Photo: Ford

2019 Honda Clarity Plug-in Hybrid – $40,100

Honda Clarity IZEV Program
Honda Clarity | Photo: Motorillustrated.com

2019 Hyundai IONIQ Electric – $37,899

Hyundai IONIQ EV IZEV Program
Hyundai IONIQ EV | Photo: Hyundai

2019 Hyundai Kona EV – $44,999

2019 Hyundai Kona Electric IZEV Program
2019 Hyundai Kona Electric | Photo: Hyundai

2019 Kia Niro PHEV – $44,995

2019 Kia Niro EV IZEV Program
2019 Kia Niro EV | Photo: Kia

2017, 2018, 2019, 2020 Kia Soul EV – $42,595

2020 Kia Soul EV IZEV Program
2020 Kia Soul EV | Photo: Kia

2018 and 2019 Nissan LEAF – $40,698

2019 Nissan LEAF PLUS IZEV Program
2019 Nissan LEAF PLUS | Photo: Nissan

Tesla Model 3 Standard Range – $44,999

2019 Tesla Model 3
2019 Tesla Model 3 Performance | Photo: Tesla

Volkswagen e-Golf – $36,720

Volkswagen e-golf IZEV Program
Volkswagen e-Golf | Photo: Volkswagen

2018 and 2019 smart Fortwo – $29,050

smart fortwo IZEV Program
smart fortwo | Photo: smart

 

 

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Charles Jolicoeur
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

4 COMMENTS

  1. […] That’s what makes the Outlander PHEV so appealing. It does things no other SUV in this price range can do and has yet to get a direct competitor, but it also offers other features compact SUV buyers want such as a competent all-wheel drive system and decent cargo capacity. No wonder it’s selling so well month after month. And now that it’s eligible for a Government of Canada EV incentive of up to $2,500, we’re sure sales will do even better. On the other hand, the Outlander PHEV’s battery capacity is 3.0 kWh shy of making the vehicle eligible for the full $5,000 iZEV incentive. […]

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