Canada’s Incentives for Zero-Emission Vehicles (iZEV) is officially over after months of being on the chopping block.
Transport Canada, the department responsible for the iZEV, confirmed last week that the federal incentive, which offered consumers $5,000 towards BEVs and PHEVs, has now ended, after months of telling the general public that the EV incentive was only paused.
iZEV ran into trouble early in the year, as the program’s funding had only C$71 million left by January, and it went dry just three days later. It was put on pause shortly after, with Environment Minister Julie Dabrusin saying that the government is working on a new EV incentive.
As AutoNews pointed out, the iZEV program contributed roughly $2.6 billion towards the approximately 560,000 EVs sold since the program’s debut in 2019.
As mentioned earlier, members of parliament have stated that work is underway to revive the EV incentive; however, the future of incentives for electric vehicles remains uncertain. This is also considering that there is a growing pushback towards the government’s 2035 internal combustion engine ban, alongside the potential introduction of more affordable Chinese EVs.
Transport Canada spokesperson Hicham Ayoun said to AutoNews that “no new decisions” had been made regarding a potential successor program.
Source: AutoNews Via: Yahoo News
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