Automakers temporarily offer EV rebates after federal incentive ends early
Global News
General Motors, Nissan and Hyundai are among the companies that say they will match the $5,000 rebate on new electric vehicles sold during January.
Multiple Canadian automakers say they will temporarily offer their own rebates on certain electric vehicles sold this month after the federal government incentive program funding ended early.
The federal government said earlier this month the funding had run out for its $5,000 rebates, which were meant to encourage uptake of EVs in Canada, and is not being extended at this time. The program was originally scheduled to last until March 31.
The news threatens to affect Canada EV sales targets and comes amid rollbacks of American EV mandates and funding by U.S. President Donald Trump.
General Motors, Volkswagen, Nissan and Hyundai are among the manufacturers that say customers purchasing an EV will get a $5,000 rebate applied to their purchase price up to Jan. 31, matching Ottawa’s incentives for zero-emission vehicles (iZEV) program.
“We believe that the sudden … decision to suspend the iZEV rebate Federal program is unfair to valued customers who were in the process of purchasing an electric vehicle,” Nissan Canada said in a public statement last week.
The company said the rebate will be applied only to the Ariya SUV to ensure customers “affected by the sudden change” are still incentivized to complete their purchase.
A spokesperson for Volkswagen Canada told Global News the company began offering additional $5,000 rebates on remaining 2024 ID.4 EV models last Monday, when the federal program funding end was first reported.
General Motors Canada and Hyundai Canada also confirmed their own temporary $5,000 rebate programs in statements to Global News.
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