Canadian Government offers $5K credit when purchasing a zero-emission vehicle
Canadians’ quality of life—and Canada’s future growth—are deeply tied to the environment. Failing to invest in a cleaner, more sustainable future threatens the things Canadians rely on for their success: an affordable cost of living, good, well-paying jobs and resilient communities.
Today, the Minister of Transport, the Honourable Marc Garneau, was in Montreal (Quebec) to highlight how investments in Budget 2019 would make it easier for Canadians to choose a zero-emission vehicle. The Honourable Catherine McKenna, Minister of Environment and Climate Change, and the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, were also in Vancouver (British Columbia) and Toronto (Ontario) respectively to highlight the new incentive program. Budget 2019 provides support to expand the network of zero-emission vehicle charging and refuelling stations, and is creating new incentives for people and businesses to purchase zero-emission vehicles.
The government proposes to invest $300 million over three years on a new federal purchase incentive for eligible zero-emission vehicles.
The purchase incentive for zero-emission vehicles will apply to eligible new vehicles that are purchased or leased on or after May 1, 2019. This incentive program is a measure announced in Budget 2019 and is subject to Parliamentary approval.
To be eligible for incentives, a vehicle must have a base-model manufacturer’s suggested retail price of less than $45,000 for passenger vehicles with six or fewer seats, and less than $55,000 for vehicles with seven or more seats. For eligible vehicles with six or fewer seats, higher priced versions (trims) are eligible as long as the final manufacturer’s suggested retail price is $55,000 or less.
Canadians who purchase or lease an eligible battery electric, hydrogen fuel cell, or longer range plug-in hybrid vehicle, will receive an incentive of $5,000. Canadians who purchase or lease a shorter-range plug-in hybrid vehicle will receive an incentive of $2,500.
For more information on the program and eligible vehicles, visit canada.ca/zero-emission-vehicles or call 1 800 O-Canada (1-800-622-6232).