Save money on a new EV with these federal and provincial rebates
Electronic vehicle (EV) sales are surging. In 2021 alone, 5.2 per cent of all new vehicles registered were zero emission vehicles (ZEV). This rate is up from 3.5 per cent in 2020 and 2.9 per cent in 2019.
You might be considering the purchase of an EV as we move toward 2035, when all new vehicles sold must be electric.
If you lease the vehicle, you can receive between $625 and $3,750 in rebates, depending on the length of the lease and model of vehicle.
These rebates will be made available to you at the point-of-sale.
Many provinces offer special incentives on top of those offered by the federal government.
No provincial rebates at present
The CleanBC GoElectric program offers rebates based on your income and the type of vehicle you purchase.
Plug-in hybrid vehicles with a range of less than 85 kilometres are eligible for a rebate of between $500 and $2,500. Battery electric and long-range hybrid vehicles are eligible for rebates of $1,000 to $4,000.
If your individual income is above $100,001, or your household income is above $165,001, you are ineligible for the rebate.