The Federal Government announced updates to the ZEV program.
The Incentives for Zero-Emission Vehicles Program has already helped Canadians purchase or lease over 141,000 new zero-emission vehicles since 2019. Starting April 25, 2022, the program will be expanded to include the purchase of additional vehicle models popular with Canadians, such as minivans, light-duty pickup trucks, and SUVs.
To be eligible:
- A car must have a base model Manufacturer’s Suggested Retail Price that is less than $55,000. Higher priced versions of these vehicles, up to a maximum Manufacturer’s Suggested Retail Price of $65,000, are also eligible.
- Larger zero-emission vehicles (e.g., sports utility vehicles, minivans and pick-up trucks) must have a base model Manufacturer’s Suggested Retail Price under $60,000. Higher priced versions of these vehicles, up to a maximum of $70,000, are also eligible.
To accelerate the manufacturing and adoption of cleaner cars, the Government of Canada will also put in place a sales mandate so at least 20 per cent of new passenger vehicles sold in Canada will be zero-emission vehicles by 2026, and at least 60 per cent by 2030, on the road to 100 per cent by 2035.
Invest $1.7 billion to continue the Incentives for Zero-Emission Vehicles Program until March 2025
- In 2021, new zero-emission passenger vehicle sales reached 5.6 per cent market share according to IHS Markit, up from 3.8 per cent in 2020 and 3.1 per cent in 2019.
See our original post on the incentives.
Click here to see which (PH)EVs qualify.