#Ioff lease only full

The dealer must submit the documentation required to be reimbursed for an incentive provided to consumers at the point-of-sale. The dealer must apply taxes and fees to the purchase or lease before applying the incentive. It will appear directly on the bill of sale or lease agreement on eligible ZEVs on, or after, the eligibility date. The incentive will be applied at the point-of-sale by the dealership. Important: Transport Canada reserves the right to remove vehicles from the eligibility list if they no longer comply with program requirements. Businesses and provincial/territorial and municipal governments operating fleets are eligible for up to 10 incentives under this Program in a calendar year. Individuals are eligible for one incentive under this Program in a calendar year. There is a limit to how many eligible ZEVs Canadians can purchase or lease under the iZEV Program. Different trim levels will usually have different prices. A vehicle model can have multiple trim levels. A “trim” is a preset package of equipment and finishes offered for a particular vehicle model (for example: base, sport, touring, etc.). As long as a vehicle (the year, make, model, and trim) appears on the list of eligible vehicles, an incentive can be provided. Vehicles are still eligible for the incentive even if delivery, freight and other fees (like vehicle colour, add-on accessories (e.g., a roof rack), options, and packages) push the actual purchase price over these set limits.

#Ioff lease only full

For example, a 48-month lease is eligible for the full incentive, while a vehicle with a 24-month lease will be eligible for half the incentive. Incentives can be applied to eligible ZEVs leased for at least 12 months, but will be prorated (adjusted) based on the length of a lease less than 48 months. Eligible ZEVs that are demonstrators (a demo vehicle that buyers can test drive) are considered new vehicles and are eligible for the incentive as long as the odometer reads less than 10,000 km. Only new ZEVs are eligible for the federal incentive (in other words, vehicles that haven't been plated before).

have at least four functioning wheels and be able to drive on a highway (in other words, not a low-speed vehicle).

be meant for use on public streets, roads, and highways and.

meet all of Canada's Motor Vehicle Safety Standards.To be eligible under the iZEV Program, a vehicle must: shorter range plug-in vehicles have an electric range under 50 km.

Shorter range plug-in hybrid electric vehicles are eligible for up to $2,500.

longer range plug-in vehicles have an electric range equal to or greater than 50 km.

Battery-electric, hydrogen fuel cell, and longer-range plug-in hybrid vehicles are eligible for up to $5,000.

higher priced trims of these vehicles, up to a maximum MSRP of $70,000, will also be eligible for purchase incentives.

a station wagon, pickup truck (light truck), sport utility vehicle (SUV), minivan, van, or special purpose vehicle, where the base model Manufacturer's Suggested Retail Price (MSRP) is less than $60,000 and.

higher priced trims of these vehicles, up to a maximum MSRP of $65,000, will also be eligible for purchase incentives.

a passenger car, where the base model Manufacturer's Suggested Retail Price (MSRP) is less than $55,000 and.

Only the vehicles listed on our website are eligible for an incentive when they're purchased or leased for at least 12 months, on or after the eligibility date.įind which vehicles are eligible for an incentive, or a vehicle's eligibility dateīefore including a car on the list of eligible vehicles, Transport Canada has reviewed an application from the automaker and has found that the vehicle meets the iZEV Program requirements. The iZEV Program offers point-of-sale incentives for consumers (subject to funding availability) who buy or lease a ZEV vehicle. The Incentives for Zero-Emission Vehicles (iZEV) Program and tax write-offs for businesses are helping to make it more affordable. We know that the higher upfront purchase cost of zero-emission vehicles (ZEVs) can make it more difficult to adopt this clean technology.