On April 17th, Transport Canada released an update to the 2019 Federal Budget and its incentive program for 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 will apply to eligible new vehicles that are purchased or lease on or after May 1, 2019. To be eligible for incentives, a vehicle must have a base-model manufacturer’s suggested retail price of less than $45k for passenger vehicles with six or fewer seats, and less than $55k 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 $55k 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 $5k. Canadians who purchase or lease a shorter-range plug-in hybrid vehicle will receive an incentive of $2.5k.
For more information on the program and eligible vehicles, visit Canada.ca/zero-emission-vehicles or call 1-800-622-6232. For a complete list of eligible vehicles click here.