National

Feds expand electric vehicle rebate program

Darpan News Desk The Canadian Press, 22 Apr, 2022 01:16 PM

OTTAWA - More electric vehicles will be eligible for rebates as the federal government raises the maximum qualifying price starting next week.

Transport Minister Omar Alghabra says as of Monday, cars with a base price of $55,000 and maximum price with options of $65,000 can get the rebate.

The expansion of the Incentives for Zero-Emission Vehicles (iZEV) Program will help Canadians make the switch to electric vehicles by saving $5,000 on the purchase of new cars and larger vehicles. Net-Zero 2050, we are on route!🚗⚡️https://t.co/FOuRnBq4QL pic.twitter.com/MwoxRBQLin
— Omar Alghabra (@OmarAlghabra) April 22, 2022

SUVs, pickup trucks and vans with a maximum base price of $60,000 and a maximum price with options of $70,000 can also qualify.

The rebate will be $5,000 for vehicles with an electric range of at least 50 kilometres and $2,500 for those with a shorter electric range.

More cars and large vehicles will be eligible for the $5,000 under the Incentives for Zero-Emission Vehicles Program (iZEV)! pic.twitter.com/97RurdwLEN
— Omar Alghabra (@OmarAlghabra) April 22, 2022

The incentives for zero-emissions vehicle program has rebated more than 141,000 vehicles since its inception in 2019.

Last year, about one in 20 new vehicles registered was battery-electric or a plug-in hybrid and Canada is aiming to get that to one in five by the end of 2026.

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