Canada looks to retool EV rebate program to include more expensive SUVs, pickups
OTTAWA — The federal government wants to overhaul the rebate program for electric vehicles so that it more closely aligns with the kinds of cars Canadians want to buy, says Transport Minister Omar Alghabra.
The Liberals promised in their election platform to spend another $1.5 billion over the next four years on the Incentives for Zero-Emission Vehicles (iZEV) program, which is one part of a big push to get more electric vehicles on the roads as Canada strives to reach net zero by 2050.
The current program has been immensely popular, but Alghabra is looking at improvements.
Right now, the program restricts the rebates to new vehicles with a maximum base price of $45,000, and a maximum price for models with upgraded features of $55,000.