Residential


NL Hydro EV Rebate Program – $2,500

Newfoundland and Labrador Hydro’s new provincial EV Rebate Program makes electric vehicles more affordable for Newfoundlanders and Labradorians. By increasing the number of EVs on our roads that are powered by clean, renewable energy, we can reduce our carbon emissions and help slow the pace of climate change in the province.

The rebate is an initiative of the Government of Newfoundland and Labrador and is administered by Hydro.

Starting September 1, 2021, $2,500 rebates are available to eligible individuals, businesses, not-for-profit organizations or municipalities in NL for:
– The purchase or lease (minimum 48 months) of a new all-electric vehicle*.
– The purchase of a pre-owned all-electric vehicle.

Rebates will be issued to qualified participants for eligible all-electric EVs purchased on or after May 31, 2021. Completed applications will be accepted from September 1, 2021 to March 15, 2022. Rebates are available on a first-come, first-serve basis or until program funding is depleted.

For more information, visit NL Hydro EV Rebate Program.

Federal Incentives – Up to $5,000

The Government of Canada can help make the upfront cost of purchasing an EV more affordable. The Zero-Emission Vehicle program provides point-of-sale incentives for consumers who purchase or lease an eligible electric vehicle.

Incentives range from $2,500 for shorter range plug-in hybrids to $5,000 for all-electric and longer-range plug-in hybrid electric vehicles.

To be eligible for an incentive, consumers have to purchase or lease:

A new vehicle with six seats or fewer, where the base model Manufacturer’s
Suggested Retail Price (MSRP) is less than $45,000

OR

A new vehicle with seven seats or greater, where the base model Manufacturer’s 
Suggested Retail Price (MSRP) is less than $55,000

More information about the Zero-Emission Vehicle program can be found on the Government of Canada’s
website: Canada – Zero Emission Vehicles.


Commercial


NL Hydro EV Rebate Program – $2,500

Newfoundland and Labrador Hydro’s new provincial EV Rebate Program is available for businesses, not-for-profit organizations or municipalities in NL as well. It makes electric vehicles more affordable for Newfoundlanders and Labradorians. By increasing the number of EVs on our roads that are powered by clean, renewable energy, we can reduce our carbon emissions and help slow the pace of climate change in the province.

The rebate is an initiative of the Government of Newfoundland and Labrador and is administered by Hydro.

Starting September 1, 2021, $2,500 rebates are available to eligible individuals, businesses, not-for-profit organizations or municipalities in NL for:
– The purchase or lease (minimum 48 months) of a new all-electric vehicle*.
– The purchase of a pre-owned all-electric vehicle.

Rebates will be issued to qualified participants for eligible all-electric EVs purchased on or after May 31, 2021. Completed applications will be accepted from September 1, 2021 to March 15, 2022. Rebates are available on a first-come, first-serve basis or until program funding is depleted.

For more information, visit NL Hydro EV Rebate Program.

Federal Incentives

Businesses are also eligible for the federal EV incentive. However, businesses that take advantage of the federal incentive, will not be able to take advantage of the tax write-off for electric vehicles.

Businesses that take advantage of the federal EV incentives will be limited to a maximum of 10 incentives in any calendar year during the Program.

For more information and a list of eligible electric vehicles, please visit Canada – Zero Emission Vehicles.

Tax Write-Off

A 100% tax write-off is available for EVs, to support business adoption. Eligible EVs include:

A motor vehicle that is a plug-in hybrid with a battery capacity of at least 7 kWh

OR

Vehicles that are fully electric or fully powered by hydrogen, including light-, medium- and
heavy-duty vehicles purchased by a business

This measure applies to eligible vehicles purchased and becoming available for use on or after March 19, 2019 and before January 1, 2024.

For more information on the tax write-off for these vehicles; 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.