Under the new iZEV Program, the Government of Canada is offering rebates of up to $5,000 for the purchase or lease of qualifying zero emission vehicles (ZEVs). The rebate is applied directly to the sticker price at the dealership at the time of purchase or lease.
There are two levels of incentive:
- up to $5,000 for battery electric, longer-range plug-in hybrid vehicles (PHEVs) or hydrogen fuel vehicles; and
- up to $2,500 for shorter range PHEVs.
There are two categories of qualifying vehicles:
- vehicles with six seats or fewer, where the base model (trim) Manufacturer’s Suggested Retail Price (MSRP) is less than $45,000. Higher priced trims, up to a maximum MSRP of $55,000, are also be eligible for purchase incentives; or
- vehicles with seven seats or greater, where the base model MSRP is less than $55,000. Higher priced trims of these vehicles, up to a maximum MSRP of $60,000, are also be eligible for purchase incentives.
You will still be eligible for the incentive even if delivery, freight and other fees, such as vehicle colour and add-on accessories, push the actual purchase price over these set limits.
For more information and to view a list of qualifying vehicles, visit the iZEV Program website.