iZEV Incentives Program Expanded to Include More – and More Expensive – Zero-Emission Vehicles
It was expected and the news came this Friday: The Canadian government announced adjustments to its iZEV incentives program for electric vehicles, and chief among them is the raising of the price ceiling that qualifies new EVs for a discount.
The result is that more electric vehicles will be eligible for discounts under the program - though this is conditional on something that is out of the government's control. We'll come back to that.
The discount amount remains $5,000, by the way.
From $45,000 to $55,000
During the announcement, Transportation Minister Omar Alghabra confirmed that as of next Monday, April 25th, electric vehicles with a base price of $55,000, and priced at a maximum cost of $65,000 with options, will be eligible for the discount.
That’s up from the current $45,000 and $55,000 limits.
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