Canada's new EV Affordability Program

electriceddy

electriceddy

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Not sure when it is starting, but this new $5K rebate should help spice up EV sales in Canada.
It will be interesting to see how the $50K cap will reflect on the existing prices- will the manufactures that qualify lower prices on some trims?
Will it entice more free trade agreements and incentive Countries to set up manufacture plants here in Canada to allow for the elimination of the price cap?

www.pm.gc.ca

Prime Minister Carney launches new strategy to transform Canada’s auto industry

The world is changing rapidly, fundamentally reshaping trade relationships and leaving economies, businesses, and workers under a cloud of uncertainty.
www.pm.gc.ca www.pm.gc.ca
 
It's a $5k EV rebate in 2026 that slowly goes down $1k per year and the PHEV rebate will drop $500 per year. As for the $50k price cap, it's my understanding that it's the final transaction price before sales taxes, and EVs made in Canada are not subject to the $50k cap. The lower trim and Lexus PHEV $20k option package loophole is not going to work this time.

In the mean time, BYD can setup a few factories in Canada.
 
I would have preferred to see the rebate only apply to first time EV buyers, like CA is planning. That would increase the number of people owning EVs. And as we know, once you own an EV, you don't want to go back to ICE.
 
Looks like Kona EV made the EVAP eligibility list, in all trims (N-Line has been discontinued)

EVAP Vehicle List

tc.canada.ca tc.canada.ca
Starts April 2/2026:)
Also surprisingly Equinox LT AWD, Mach-e (e-AWD standard range) ,Toyota bZ FWD and of course Bolt.
Kind of funny rule requirement: "have at least 4 functioning wheels" - I guess that would leave Aptera prospective buyers high and dry.
"The dealership is responsible for having you fill out the Consumer Consent Form and Attestation Form and submitting them to Transport Canada."
"participating dealerships agree to lower the purchase or lease price of eligible EVs and apply to the EVAP for a grant on behalf of the purchaser or lessee."
 
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I see none of the Subarus made it. But the Toyota bZ did. Might be some price reductions coming.
 
The base Solterra can make it with some manufacturer rebates and dealer discounts. It's kind of dumb because you can fudge the financing and lease interest rate. Better yet, make it a subscription model and do lease only.
 
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