Top 10 Most Incentivized EVs and PHEVs in Canada
On April 25, 2022, the Canadian government’s Incentives for Zero-Emission Vehicles Program (iZEV), which grants rebates of up to $5,000, was expanded to include the purchase of additional vehicle models popular with Canadians.
Now, a car must have a base Manufacturer’s Suggested Retail Price (MSRP) that is less than $55,000 (previously $45,000). Higher-priced versions of these vehicles, up to a maximum MSRP of $65,000 (previously $55,000), are also eligible. Furthermore, larger zero-emission vehicles such as SUVs, minivans and pick-up trucks must have a base MSRP under $60,000. More expensive versions, up to a maximum of $70,000, can also get the rebate.
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Meanwhile, the government has changed the definition of eligible plug-in hybrids to be based on electric range rather than battery capacity. This means that PHEV models with an electric range of 50 km or more are eligible for $5,000, and those under this threshold continue to be eligible for $2,500.
At the halfway point of 2022, the most incentivized car brands in Canada were Hyundai, Tesla and Toyota, in that order, according to data supplied by Transport Canada. Totals are based on the date the iZEV claim is submitted, which occurs after the vehicle has been delivered to the consumer and the incentive has been applied at the point-of-sale.
What about the most incentivized EV and PHEV models? You can check out the top 10 right here.