Aren’t electric vehicles expensive?
EVs come in different models at different price points, just like gas cars.
With so many EVs on the market, there’s one at every price point. Plus, there’s a
federal incentive of $2,500 to $5,000 when you buy or lease a new EV that retails
for $45,000 or less. Higher-priced models are also eligible, and the incentives are
applied right at point of sale.
The $5,000 incentive applies to battery-powered, fuel cell and long-range Plug-in
Hybrid Electric Vehicles, and the $2,500 incentive applies to shorter-range plug-in
models. And there are over 35 different models of EVs and Plug-in Hybrids available
to choose from. Consult Transport Canada to learn more.