BC Budget '22 - EV tax exemptions

Discussion in 'Hyundai Kona Electric' started by electriceddy, Feb 23, 2022.

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  1. PST exemption on the purchase of a used EV (ZEV- Zero emission vehicles) with more than 6,000 kms
    also
    increase in the luxury tax threshold from $55K to $75K:)
    Unfortunately the Clean BC $3K rebate is still once in a lifetime per individual:

    Provincial Sales Tax Act
    Exemption for Used Zero-Emission Vehicles Introduced and Passenger Vehicle
    Surtax Threshold for Zero-Emission Vehicles Increased
    Effective February 23, 2022, used zero-emission vehicles are exempt from provincial sales
    tax. The exemption applies to sales of all used zero-emission vehicles from motor dealers,
    as well as private sales of used zero-emission vehicles that have been driven for at least
    6,000 kilometres. The exemption applies for five years to encourage consumers to adopt
    zero-emission vehicles and is scheduled to end on February 22, 2027.
    Additionally, effective February 23, 2022, the passenger vehicle surtax threshold for
    zero-emission vehicles is increased to $75,000 from $55,000. This measure reflects that
    the capital cost of zero-emission vehicles is greater than the cost of comparable internal
    combustion engine models. The increased surtax threshold for zero-emission vehicles
    applies for five years to encourage consumers to adopt zero-emission vehicles and is
    scheduled to end on February 22, 2027.
     
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