Automaker representatives, retailers and consumers are eager to see if the federal and provincial governments will use the rebranded Elevate Vancouver Autoshow to announce extensions to rebate programs that encourage drivers to buy electric vehicles .
Quebec’s rebates are up to $7,000 for new electric vehicles, and up to $5,000 for plug-in hybrids. Those who buy used EVs are eligible for rebates up to $3,500. “The federal government has said that they are non-committal to recapitalizing the federal purchase incentive – the IZEV program, which is very popular and is running out of cash.”
The federal government in its 2022 budget allotted $1.7 billion to the program and has not topped up that funding since, Kingston said.Those who make less than $80,000 per year and buy an electric-battery vehicle or a long-range hybrid are eligible for the $4,000, while those who make less than $80,000 annually and buy a plug-in hybrid with a range less than 85 kilometres are eligible for a $2,000 rebate.