In British Columbia, EV Buyers Still Get $5,000 Rebate, Hydrogen Gets Love Too
British Columbia, Canada has basically re-approved a substantial point-of-sale rebate program for plug-in electric cars.
The program went into affect on April 1, 2015.
Eligible vehicles receives rebates of up to $6,000.
Here’s how Canada’s CBC News reported the story:
The incentive program will provide B.C. residents with up to $5,000 off the pre-tax sticker price for new battery electric, fuel-cell electric, and plug-in hybrid electric vehicles and up to $6,000 for a hydrogen fuel cell vehicle, said a release from the New Car Dealers Association of British Columbia.
The announcement expands on a rebate program that expired last year, and comes one week after Scrap-It, a non-profit society, offered British Columbians a $3,250 rebate to trade in old vehicles for electric cars.
Electric cars are becoming increasingly popular in Canada. Check out the rising number of charge events (below) for proof of electric car proliferation in B.C.
Here are the vehicles eligible for the point-of-sale rebate, and the maximum amounts:
- Battery electric vehicle: $5,000
- Hydrogen fuel cell vehicle: $6,000
- Plug-in hybrid electric vehicle/extended range electric vehicle with a minimum battery capacity greater than 15 kilowatt hours: $5,000
- Plug-in hybrid electric vehicle/extended range electric vehicle with a minimum battery capacity of less than 15kWh but greater than 4kWh: $2,500
Lessees are eligible to receive a rebate too, but the amount varies depending on the terms of the lease.
Why do hydrogen cars get the maximum rebate? The reason, as laid out in the release, is that the infrastructure is lacking and the rebate is needed to entice buyers.
The rebate program runs until March 31, 2018 or when the $10.6 million in funding runs out, whichever comes first.
Source: CBC News, hat tip Don N!