Passenger Vehicle Incentives
Here’s the deal:
B.C. drivers can take advantage of federal and provincial incentives to support the purchase of electric vehicles.
- Federal iZEV incentive, up to $5,000. New vehicles only. Point of sale, so you don’t need to apply.
- Provincial Go Electric Passenger Vehicle Rebate, up to $4,000. New vehicles only. Rebates are based on your income and require pre-approval through the Go Electric website.
- Plus, electric vehicles benefit from a higher luxury surcharge tax threshold (additional tax is applied on vehicles priced at $75,000 instead of $55,000) and used EVs are exempt from PST.
- These incentives can be combined for big savings!
Federal iZEV program
As of May 1, 2019, the Government of Canada provides point-of-sale incentives for qualifying fully battery-electric and plug-in hybrid electric vehicles. Higher trim models of qualifying base vehicles may still be eligible.
The iZEV program is managed by Transport Canada, and offers up to $5,000 off the purchase price of a qualifying new battery electric vehicle, $2,500-$5,000 on a plug-in hybrid (depending on range), and up to $5,000 for a hydrogen fuel cell vehicle.iZEV incentive
Provincial Go Electric Passenger Vehicle Rebate
The Go Electric Passenger Vehicle Rebate offers up to $4,000 off the purchase price of a qualifying new battery electric, up to $2,000 for a plug-in hybrid electric vehicle, and up to $4,000 for a hydrogen fuel cell vehicle. Maximum rebate amounts are based on income and require pre-approval through an application.
Eligible vehicles are listed on the program site. This incentive can be combined with the iZEVrebate.Go Electric Passenger Vehicle Rebate
Electric vehicle tax exemptions
In addition to the rebates for purchasing electric vehicles, please be aware that:
- The luxury surcharge tax is applied to EVs priced at or above $75,000. For other vehicles, it kicks in at $55,000. Therefore, most EVs will not have the higher tax rate applied.
- Used EVs are PST exempt.
- These changes were announced with the BC Budget 2022.