Canada’s new (ish) EV rebate has now formally launched underneath a brand new identify and revised construction.
Named the Electrical Automobile Affordability Program (EVAP), it replaces the earlier federal rebate program (iZEV), which ran out of cash final yr.
As anticipated, this program affords comparable charges to these of its predecessor; as much as $5,000 for battery-electric (BEV) and hydrogen gas cell autos, and as much as $2,500 for plug-in hybrid electrical autos (PHEVs) on each purchases and leases.
As anticipated, the Authorities of Canada notes that the inducement quantity will lower steadily over time as this system progresses.
EV eligibility for this system
As anticipated, there’s a worth eligibility much like that of the earlier iZEV program.
This time round, EVAP makes use of what’s known as the “ultimate transaction worth” over MSRP, and defines it because the “negotiated buy worth between the client and the dealership.”
The ultimate transaction worth additionally consists of the bottom worth and trim, elective packages, paint, upgrades, equipment (roof racks, mats, dashcams, and so on.), and seller admin charges. Nonetheless, gadgets comparable to prolonged warranties, winter tires, chargers, financing prices, taxes, and rebates don’t depend towards the restrict.
To qualify for this system, the bought or leased automobile will need to have a ultimate transaction worth of $50,000 or much less. Nonetheless, there isn’t any ultimate transaction worth cap on Canadian-made EVs.
There are additionally totally different limits for various patrons:
- People can obtain one EVAP credit score over the five-year program.
- Organizations and companies can obtain as much as 10 EVAP incentives over the five-year program, and organizations/companies owned by the identical folks (excluding publicly traded corporations) will likely be handled as a single group, moderately than a division or division.
- Not-for-profit organizations, together with charities, additionally obtain 10 EVAP incentives.
- Provincial, territorial, and municipal governments with fleets also can obtain as much as 10 EVAP incentives.
- Automotive-sharing corporations (rental automotive companies, and so on.) accredited by Transport Canada can obtain as much as 50 EVAP incentives over the calendar yr.
The Authorities of Canada additionally notes that Transport Canada will likely be carefully monitoring how the incentives are used.
Furthermore, folks or companies that don’t meet eligibility guidelines, obtain extra incentives than allowed (both throughout this system or in a single yr), or give false/deceptive data, should pay again the dealership that gave them the inducement. Dealerships also can take steps to get better the cash.
Automobiles that qualify for EVAP
Under is an inventory of autos which can be eligible for EVAP incentives.
Battery-electric autos eligible for as much as $5,000 (2026 until indicated in any other case)
- Chevrolet Bolt (LT, RS)
- Chevrolet Equinox EV (LT, LT AWD)
- Ford Mach E (Choose RWD Customary Vary, Choose eAWD Customary Vary)
- Hyundai Kona EV (Most popular, Most popular w/ Development, Most popular w/Final)
- Fiat 500e (NEW – Pop, Icona,) (USED – Purple, La Prima, Giorgio Armani)
- Dodge Charger (R/T, Scat Pack)
- Toyota bZ (XLE FWD)
- Kia EV4 (LIGHT, WIND, WIND PREMIUM, GT-LINE)
- Kia Niro EV (WIND, WIND+)
- Nissan Leaf (S+, SV+)
- Subaru Uncharted (FWD, FWD LR, Sport)
- 2025 Dodge Charger (R/T, Scat Pack)
- 2025 Kia EV6 (LIGHT rwd)
- 2025 Kia Niro EV (WIND, WIND+)
- 2025 Volkswagen ID.4 (Base)
- 2024 Kia Niro EV (WIND, WIND+)
Plug-in hybrid autos eligible for as much as $2,500 (2024, 2025, and 2026 fashions)
- Ford Escape
- Chrysler Pacifica (Choose, one centesimal, Restricted, Pinnacle)
- Toyota Prius Plug-in Hybrid (SE, XSE, Nightshade, XSE Premium)
- Kia Niro PHEV (LX, EX, EX Premium),
- Kia Sorento PHEV (LX, EX, EX Premium)
- Mitsubishi Outlander PHEV (ES)
The complete checklist of autos might be discovered right here.
Whereas this system formally launches on Apr. 1, 2026, purchases comprised of Feb. 16, 2026, onward are eligible for rebates, which will likely be issued when the seller portal opens on Mar. 31, 2026.
Header picture credit score: Hyundai
Supply: Transportation Canada
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