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Feds to pause electric vehicle incentives

Woman charges an electric vehicle. Photo by: Pexels/Gustavo Fring

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The federal government’s successful incentive program for zero-emissions vehicle purchases is running out of money and not slated for renewal, much to the dismay of environmental and industry groups. 

The federal government’s decision not to top up the rebate program with additional funding jeopardizes Canada’s target for 20 per cent of vehicle sales to be zero-emissions vehicles (ZEVs) by 2026, warned Electric Mobility Canada in a press release.

“Canadians who want to make the switch to electric mobility are left with very little time to take advantage of the incentive, which is the exact opposite of a predictable and sustainable program for consumers and industry,” said Daniel Breton, President and CEO of Electric Mobility Canada.

The up-front cost to purchase an EV is typically higher than a comparable gas-powered vehicle. The federal rebate program aimed to alleviate some of this sticker shock and encourage people to make the switch from gas to electric by bringing down the purchase price of electric vehicles, which save owners money in the long run thanks to cheaper charging and lower maintenance costs.

Electric Mobility Canada, Environmental Defence and Clean Energy Canada quickly called on the current government — or a future government — to continue the ZEV rebate program.

The funding program provides rebates of up to $5,000 for battery-electric, plug-in hybrid and hydrogen vehicle purchases and leases. The program was scheduled to pause at the end of March, but the money could run dry before then.

Since the program started up in 2019, it has provided rebates for over 546,000 vehicles, according to Transport Canada. As of Jan. 10, 2024, $71,817,104 remained, enough to provide rebates for approximately 16,000 ZEVs, according to Electric Mobility Canada.

This popular, climate-fighting program didn’t have to end, Environmental Defence’s clean transportation program manager Nate Wallace lamented in a press release. In the third quarter of 2024, 16.7 per cent of new vehicles registered in Canada were zero-emissions vehicles, according to S&P Global. That number was only 3.1 per cent back in 2019, according to Transport Canada.

“The federal government has long known that due to rapidly growing electric vehicle sales, funding for the iZEV program was going to run out early in 2025,” Wallace said. 

“Canadians who want to make the switch to electric mobility are left with very little time to take advantage of the incentive, which is the exact opposite of a predictable and sustainable program for consumers and industry,” said Daniel Breton.

“There was an opportunity in Finance Minister Chrystia Freeland’s recent Fall Economic Statement to include stopgap funding to top up the program and prevent this from occurring.” 

The lack of federal rebates mean Canadians will have to pay more up front to switch from gas to electric, Wallace said.

Canadian EV drivers save about $30,000 to $40,000 over the course of the vehicle's life compared to driving a gas car according to a Clean Energy Canada analysis published Oct. 16 2024. This translates to savings of $3,000 to $4,000 per year, or, can be visualized as EV drivers paying the equivalent of $0.40 per litre of gas to charge their cars over the vehicles’ lifetime. 

“The appeal to Canadians was undeniable,” Joanna Kyriazis, director of public affairs at Clean Energy Canada, said in a press release. Rebate claims hit an all-time high in the third quarter of 2024 but with the lapse of the rebate program and new tariffs restricting imports of cheaper EVs from China, Canadians could be facing higher initial costs, Kyriazis warned.

In the last four years Canada has attracted over $46 billion in investments across the EV battery supply chain, according to a June report by the Parliamentary Budget Officer. This is paired with an estimated $52.5 billion in federal and provincial support for projects like Stellantis-LGES and Volkswagen’s electric battery plants.

“Pulling the rug out from under the incentive program represents a short sighted approach — we are making it harder for Canadians to buy the very cars they are invested in making,” Kyriazis said, adding this is an unnecessary barrier for Canada’s “still vulnerable” EV industry.

Natasha Bulowski / Local Journalism Initiative / Canada’s National Observer

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