If considering purchase of a used EV is on your plate and live in BC, you may want to act fast...ie before May 1, 2025.
The exemption was set to end May 1 2027 but has been fast tracked to end May 1,2025, quietly released in the new provincial budget on Tuesday.
PST exemption for used zero-emission vehicles
If you purchase, lease or are gifted a used ZEV before May 1, 2025, you are exempt from paying PST. Qualifying used ZEVs include:
Used Zero-Emission Vehicles (ZEVs) Effective February 23, 2022, to April 30, 2025, you are exempt from PST on the purchase or lease of qualifying used ZEVs. PST will apply to purchases and leases of used ZEVs after April 30, 2025. For leases of used ZEVs entered into before May 1, 2025, any lease payments which become due after April 30, 2025, are not eligible for the exemption:
For purchases, a ZEV is “used” if it was previously purchased at a retail sale for any purpose other than for leasing the ZEV to another person. For leases, a ZEV is “used” if it was previously leased by a person other than the current lessee or was previously purchased at a retail sale by a person other than the lessor.
The exemption was set to end May 1 2027 but has been fast tracked to end May 1,2025, quietly released in the new provincial budget on Tuesday.
PST exemption for used zero-emission vehicles
If you purchase, lease or are gifted a used ZEV before May 1, 2025, you are exempt from paying PST. Qualifying used ZEVs include:
- Fully electric vehicles
- Plug-in hybrids
- Hydrogen-powered vehicles
Used Zero-Emission Vehicles (ZEVs) Effective February 23, 2022, to April 30, 2025, you are exempt from PST on the purchase or lease of qualifying used ZEVs. PST will apply to purchases and leases of used ZEVs after April 30, 2025. For leases of used ZEVs entered into before May 1, 2025, any lease payments which become due after April 30, 2025, are not eligible for the exemption:
For purchases, a ZEV is “used” if it was previously purchased at a retail sale for any purpose other than for leasing the ZEV to another person. For leases, a ZEV is “used” if it was previously leased by a person other than the current lessee or was previously purchased at a retail sale by a person other than the lessor.