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.
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.
