All you need to know about the new iZEV Incentive Program
The iZEV incentive program announced this week by the Government of Canada is designed to encourage the adoption of electric vehicles by consumers across Canada.
The iVEZ program will take effect on May 1st and will offer up to $ 2,500 rebate on plug-in hybrid vehicles with a 15-kWh battery or less, and up to $ 5,000 on 100% electric vehicles and plug-in hybrid vehicles whose battery capacity is more than 15 kWh.
This means that at Volkswagen, the 100% electric Volkswagen e-golf with 200 kilometers of range will be entitled to the full $ 5,000 discount. In other words, it’s never been a better time to find out if an electric car is right for you.
The benefits of the electric car have been known for a long time and more and more consumers are starting to pay attention. Offering more and more range, an electric vehicle can cut our dependence on gasoline while maintaining the range and freedom that a car provides.
The Government of Canada's new iZEV program combined with provincial programs should encourage more and more consumers to switch to electric vehicles.
Canada's $ 5,000 rebate applies when we buy an electric vehicle or lease it for 48 months. Leasing on 12 months, 24 months and 36 months result in discounts of $ 1,750, $ 2,500 and $ 3,750 respectively.
The moment has never been better to switch to electrification. Come meet us today at Fifth Avenue Volkswagen to learn more about electric vehicles and the Government of Canada's incentive program. We are waiting for you.