Transport Canada Completes Electric Vehicle Rebate Program with $ 73 Million in Fall Update

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Transport Canada is completing its electric vehicle rebate program so that there is enough money to cover demand until the program is retooled in the spring.

This week’s fall economic statement provides an additional $ 73 million for the Zero Emission Vehicle Incentives program, bringing the total budgeted since 2019 to nearly $ 660 million.

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The first $ 300 million budgeted for 2019 was recovered in less than 20 months, with 72,000 Canadians getting between $ 2,500 and $ 5,000 off the price of a new plug-in hybrid or battery-only electric vehicle.

A year ago the government added an additional $ 287 million, and all but $ 48 million had been announced by the end of October, which at the current rate would not last even two more months.

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Transport Minister Omar Alghabra is working to reorganize the program in time for the spring budget to accommodate the used electric vehicles and more expensive SUVs and vans expected to hit the market next year.

The Liberals have pledged to spend an additional $ 1.5 billion on refunds over the next four years.

© 2021 The Canadian Press


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