Featured Canada updates iZEV federal incentive

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Sarge, Apr 26, 2022.

  1. Sarge

    Sarge Senior Member

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    As part of the new federal budget, Canada has extended/adjusted the federal Incentive for Zero Emissions Vehicles. The amount have not changed ($5,000 for EVs, and $2,500 for PHEV with lesser EV capability), however the rules of how they qualify have changed a bit.

    In summary, now they will measure based on All Electric Range (>50km) rather than battery size (>15kWh) as it was previously, to determine whether the vehicle is entitled to the full or partial incentive. As a result, this upgraded the incentive for a couple existing PHEV SUVs. As always, provincial incentives layer on top of this, if available.

    https://tc.canada.ca/en/road-transportation/innovative-technologies/zero-emission-vehicles/list-eligible-vehicles-under-izev-program

    Some potential good news could be that although the current Prius Prime is rated in Canada for 40km and only gets the lesser rebate, IF Toyota does squeeze an ~11KWh battery into the next PP (to match Kia, etc), then it *may* creep over the 50km range line in the sand, and qualify for the larger incentive… One can hope… ;)(y)
     
    Tideland Prius and Louis19 like this.
  2. Louis19

    Louis19 Member

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    Hummmm, don't quite follow iZEV philosophy in establishing rules for PHEV qualifying rules. I believe they should use the carbon dioxide emission (g/km) to establish the incentives.
    as for the provinces , increasing the speed limit or contemplating an increase ,again contributes to increase carbon dioxide...go figure
    In the province I live in , well they will reduce the incentives for PhEV going from $4000 to $2500 on elegible models.
    two steps forward....one step backward.
     
    #2 Louis19, Apr 27, 2022
    Last edited: Apr 27, 2022
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