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Canada's federal EV rebate pausing / ending soon!

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3K views 20 replies 8 participants last post by  Andre YUL  
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#1 ·
On January 10th, Transport Canada issued a press release announcing a Pause of the Incentives for Zero-Emission Vehicles Program.

It was scheduled to run until the end of March 2025 or until they ran out of funds. The program has been popular and will run out of money soon.

According to Electric Mobility Canada, there are only enough funds remaining for about 16,000 vehicles. That may last only a few weeks.

I don't know if the iZEV program will resume in April. Does Parliement need to pass a budget for it to be funded? Parliement is prorogued now and there will a new Liberal leader soon. Will the minority government be able to get support of an opposition party to pass a new budget before the election? After the election, if the Conservatives form the government, will there still be an iZEV program?

If you're deciding between a car in the dealer's inventory that's not your ideal color or a car that will arrive later, the car in inventory may be the less expensive choice because of the federal iZEV ($5,000) pause. You may have very little time to act. It's even more dramatic in Quebec, where the provincial incentive, recently reduced to $4,000, is also running out of money and will be paused as of February 1st.
 
Discussion starter · #5 ·
Thanks @Danny Scott , for the FAQ. The answer to question 6 is especially interesting:

"If your dealership successfully submitted your eligibility assessment application and it was pre-approved, you will receive the incentive despite the Program pause, provided the new vehicle you are buying or leasing is on the Program’s eligible vehicles list."

The Quebec program requires registration of the vehicle. The federal apparently not. If you've ordered a vehicle, ask your dealer about the approval of your eligibility assessment application.
 
Discussion starter · #10 ·
Boumy said:
I'm currently at the dealership. I'm sitting in front of the finance officer. The application for the federal rebate is declined. The funds are depleted.
It's a massive disappointment to say the least.
Click to expand...
That's unfortunate and somewhat odd. The press release was 2 days ago and Electric Mobility Canada reported that funds for about 16,000 vehicles remained.

It's either a mistake or, since Friday, dealers with pending orders rushed to get thousands of approvals and used up all the remaining iZEV subsidies in 72 hours!
 
Discussion starter · #17 ·
Few people would argue that EV subsidies should exist forever. They are intended to nudge consumers to bridge a temporary until EVs drop in price and until the charging infrastructure improves. In Europe, Opel/Vauxhaul EVs have reached price parity with ICE models, but that's an exception, probably prompted by EV mandates.

I think the Quebec government has the right idea, but the wrong timing. They should have begun gradually reducing EV subsidies in perhaps 4 or 5 years instead of 2025.
 
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