EVcharts

Category: Rebate

  • Canada publishes list of approved cars eligible for $5,000 Rebate

    Canada publishes list of approved cars eligible for $5,000 Rebate

    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
    • Hyundai Kona EV (updated Feb 18th, 2026)
    • Kia Niro EV (updated Feb 18th, 2026)
    • Kia EV4 (updated Feb 18th, 2026)
    • Nissan Leaf (updated Feb 18th, 2026)
    • Subaru Uncharted (updated Feb 19th, 2026)
    • Volkswagen ID.4 (updated Feb 20th, 2026)
    • Kia EV6 (updated Feb 20th, 2026)

    PHEVs ($2,500 Rebate):

    • Chrysler Pacifica
    • Ford Escape
    • Toyota Prius Prime
    • Mitsubishi Outlander PHEV (updated Feb 18th, 2026)
    • Kia Niro PHEV (updated Feb 18th, 2026)
    • Kia Sorento PHEV (updated Feb 18th, 2026)
    • Kia Sportage PHEV(updated Feb 18th, 2026)

    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.

  • iZEV: Canada’s $5,000 EV Rebate Program Paused

    iZEV: Canada’s $5,000 EV Rebate Program Paused

    As of January 12, 2025, the iZEV incentive program has run out of funds. The Government of Canada has posted the following update on its website:

    The Incentives for Zero-Emission Vehicles (iZEV) Program funds have been fully committed. Consequently, the iZEV Program has now officially paused. We encourage you to visit our Frequently Asked Questions as they have been updated with regards to the Program’s pause. For additional questions, please write to [email protected].

    According to the updated FAQ, the program officially paused on January 12, 2025:

    The iZEV Program officially paused on January 12, 2025, as the allocated funds were fully committed.

    All authorized dealers and sellers enrolled in the Program have been formally notified of the Program’s pause.

    While the government refers to this as a “pause,” they have provided no details about when—or if—the program might restart:

    How long is the Program pause expected to last?

    Any updates to the Program will be posted on the Transport Canada website, and all authorized dealers and sellers enrolled in the Program will be notified.

    The Uncertain Future of the iZEV Program

    The Canadian Parliament is currently prorogued, making it unlikely that iZEV program funding will be replenished before Parliament resumes. Parliament is expected to reconvene on March 24, 2025. However, until a new federal budget is passed, funding for the program remains uncertain.

    Adding to the complexity, 2025 is an election year in Canada, which could further influence the government’s ability to allocate funds for iZEV.

    Impact on EV Sales in Canada

    In the short term, the pause is expected to negatively affect both EV affordability and sales in Canada. Electric vehicle sales experienced significant growth in 2024, fueled by the introduction of new EV models like the Chevrolet Equinox EV. However, with the suspension of the $5,000 rebate, the momentum in EV adoption may slow.

    Hopefully, this pause does not become permanent. For EV adoption to continue growing, support both from government incentives and the increasing availability of affordable models is needed.

  • $5,000 Canadian EV (iZEV) rebate is running out

    $5,000 Canadian EV (iZEV) rebate is running out

    The Government of Canada has announced that the iZEV rebate will be paused before the scheduled March 31, 2025, end date. The funds allocated to the EV rebate are expected to run out earlier due to high demand.

    The program has been a significant success, with the rebate being applied to 546,000 EV sales. Canada achieved a 14.2% market share for new ZEV sales in the first three quarters of 2024, a substantial increase from 3.1% in 2019.

    With the Canadian Parliament currently prorogued, it is unlikely that the iZEV fund will receive additional funding before it is depleted. The future of this program remains uncertain, and this will unfortunately impact EV sales in Canada.

    If you want to take advantage of the $5,000 rebate, you should consider purchasing a new EV soon.