Saturday, February 24, 2024

An overview of the new federal electric vehicle inventive program.

The Canadian federal electric vehicle incentive program or was approved in the 2019 Government of Canada budget. It was announced in March 2019 and went into effect on May 1, 2019.

The program offers a rebate of up to $5,000 on the purchase of an electric vehicle or plug-in hybrid vehicle with a battery capacity of more than 15.0 kWh. The rebate also applies when a vehicle is leased on a 48-month term. 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. A rebate of up to $2,500 is available on vehicles with a battery capacity that’s inferior to 15 kWh.

To qualify, an electric vehicle must have a base model price of less than $45,000. More expensive versions of the same model can qualify so long as they don’t exceed $55,000.

The program can be combined with Provincial EV incentive programs from the Government of Quebec and the Government of British Columbia. Only new electric vehicles that have never been plated before are eligible. That means pre-owned models don’t qualify.

Buyers won’t have to do anything specific to get the rebate which is applied by the dealership at the point of sale.

Recent Federal EV Incentive News

2019 Jaguar I-Pace
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2019 Tesla Model 3
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Electric vehicles eligible for the Canada IZEV program
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...
2019 Hyundai Kona EV
The Hyundai Kona EV had a major pricing problem that's now solved. Starting at $45,595, the Hyundai Kona EV was 595 $ over the government of Canada's $45,000 limit for a recently announced $5,000 incentive on electric vehicles starting May 1. With the new Kia Niro EV starting at $44,995, Hyundai...