Info & Tips

$5000 Makes It A Little Easier to Go Green

Get an extra $5000 off EV’s and up to $2500 on Hybrids this may- available on most vehicles.

In an effort to reduce emissions and pollution on the road, the Canadian government has activated a ‘Zero Emission Initiative’ known as the IZEV program to curb the cost of hybrid and fully electric vehicles. Expect up to $5000 off certain qualifying models depending if you’re leasing or financing.

To be eligible for the Incentives for Zero-Emission Vehicles program, you have to purchase or lease:

  • a vehicle with six seats or fewer, where the base model (trim) Manufacturer’s Suggested Retail Price (MSRP) is less than $45,000;
    • higher priced versions (trims) of these vehicles, up to a maximum Manufacturer’s Suggested Retail Price (MSRP) of $55,000, will also be eligible for purchase incentives

Or

  • a vehicle with seven seats or greater, where the base model Manufacturer’s Suggested Retail Price (MSRP) is less than $55,000;
  • higher priced versions (trims) of these vehicles, up to a maximum Manufacturer’s Suggested Retail Price (MSRP) of $60,000, will also be eligible for purchase incentives;

The Tesla model 3 has recently been added to this list.

Taken from the government website:

How to receive the incentive

The purchase incentives for zero-emission vehicles will be applied at point-of-sale (i.e. at dealerships or online) directly on the bill of sale or lease agreement of eligible vehicle purchased or leased on or after May 1, 2019. Your dealership will be responsible for completing the documentation required to receive the incentive.

The federal purchase incentive for zero-emission vehicles will be applied in addition to any provincial zero-emission vehicles incentive offered.

Learn more about the vehicles that qualify here.

Check out more reviews and articles on hybrid & EV vehicles

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Nicholas Coatsworth

Nicholas has been in the automotive industry for 5+ years working directly with large dealer groups including the Humberview Group, and at the dealership level doing business development. He is the editor in chief for Conquest Cars Canada, and is passionate about helping his clients understand and master the nuances of shopping and learning about new vehicles. Whether you're looking for pointers before visiting the dealership, or general information to help you find your next car, he believes in enabling his readers with education and confidence to help find the right deals and savings for their next car.

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