EVs will save you money in the long run, but did you know there are financial incentives available from the very start of your EV journey? From rebates on the purchase of an EV and loan rebates to tax write-offs and rebates on chargers, find out which incentives you or your business could qualify for below.
Residential
Federal EV Incentive – Up to $5,000
The iZEV Program has officially paused. For more information visit The Government of Canada’s Questions and Answers.
The Incentives for Zero-Emission Vehicles (iZEV) Program provides point-of-sale incentives if you buy or lease a new eligible EV.
For more information and eligibility requirements, please visit iZEV Program.
Eco-Friendly Vehicle Loan Rebate – Up to $1,500
The Newfoundland and Labrador Credit Union (NLCU) offers an Eco-Friendly Vehicle Loan Rebate. If you’re purchasing a hybrid or electric vehicle five years old or newer, you may qualify for a rebate of 2.5%, or if you have a chequing account and a direct deposit with NLCU, you may qualify for a 3% rebate. Rebates are provided to a maximum of $1,500.
For more information and eligibility requirements, please visit Eco-Friendly Vehicle Loan Rebate.
Business
Federal EV Incentives
- The Incentives for Zero-Emission Vehicles (iZEV) Program has officially paused. For more information visit The Government of Canada’s provides point-of-sale incentives if a business purchases or leases an eligible EV.
- Alternately, a tax write-off is available for EVs to support business adoption. Businesses that take advantage of the federal incentive through the iZEV Program will not be able to take advantage of the tax write-off for EVs.
For more information on the tax write-off for EVs, businesses and self-employed individuals may contact the Canada Revenue Agency at 1-800-959-5525 or visit the Government of Canada’s website: Canada – Zero Emission Vehicles.
- The Incentives for Medium- and Heavy-duty Zero-Emission Vehicles (iMHZEV) Program provides point-of-sale incentives for Canadian organizations and businesses who buy or lease an eligible MHZEV.The iMHZEV incentives are determined based on the vehicle class of the base trim. There are eight levels of incentives up to $200,000 per vehicle.For more information and eligibility requirements, please visit iMHZEV Program.









