The Electric Vehicle Affordability Program (EVAP) launches on February 16, 2026, and the list of new cars eligible to receive either a $5,000 (fully electric cars) or $2,500 (plug-in hybrids) rebate has been made public.
EVs ($5,000 Rebate):
- Chevrolet Bolt
- Chevrolet Equinox EV
- Dodge Charger
- Fiat 500e
- Ford Mustang Mach-E
- Hyundai Kona EV
- Toyota bZ
PHEVs ($2,500 Rebate):
- Chrysler Pacifica
- Ford Escape
- Toyota Prius Prime
The Canadian government will continue to update the list. It is important to note that not all cars on the above list will qualify. The rebate is trim-dependent, and the Final Transaction Price must be under $50,000.
Exception: Vehicles manufactured in Canada (like the Dodge Charger and Chrysler Pacifica) are exempt from the price cap.
“Final Transaction Price“ is defined as including the following:
- Base price of the vehicle trim (inclusive of incentives or discounts offered by vehicle manufacturers or dealerships)
- Optional features, add-ons, and packages
- Accessories included at delivery
- Manufacturer or dealership fees
It is also interesting to note that the Nissan LEAF, which has an MSRP of $44,998, does not currently make the list. Neither does the Tesla Model Y, which starts at $49,990.
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