Electric car incentives and rebates in Saskatchewan
Electric car incentives and rebates in Saskatchewan
Posted on May 13, 2024
Electric Car Incentives and Rebates in Saskatchewan
If you’re on the fence about making the transition to an electric vehicle, perhaps the Chevrolet Blazer EV, other plug-in hybrid EVs, or a hydrogen car, multiple incentive programs have been created to assist you with this process. Federal, provincial or municipal levels of government control the rebates. The iZEV Program is a Canadian federal rebate program for electric and plug-in hybrid vehicles. Scroll down for all the details of electric car incentives in Saskatchewan.
The Purpose
The Canadian government’s important long-term goal is to reduce greenhouse gas emissions across the country. In order to achieve this, incentive programmes were introduced to motivate citizens to buy zero-emission vehicles.
The Requirements
If a ZEV meets specific requirements, the owner will be eligible for tax incentives. An electric or plug-in hybrid passenger vehicle must have a base model MSRP of under $55,000 or a more expensive version of $65,000 or less. Vehicles such as trucks, station wagons, sports vehicles, vans, or specialty cars must have a base model MSRP of under $60,000 or a more expensive version of $70,000 or less. Hybrid-electric vehicles aren’t eligible for the incentives.
Refer to Transport Canada’s EV rebate database to determine if your vehicle is eligible. The Chevrolet Blazer is eligible for federal tax incentives.
The Incentives
There are two types of incentives on offer. $5,000 can be claimed for all battery electric vehicles, hydrogen fuel cell vehicles, and long-range plug-in hybrid electric vehicles. These cars must have an electric range of at least 50km. The owners of PHEVs (plug-in hybrid vehicles) are eligible for $2,5000, provided the vehicle’s electric range is under 50km. The rebates depend on the province, and not all provinces offer additional rebates. However, if EV owners meet the necessary criteria, they are eligible for a federal rebate of up to $5,000.
The Process
The iZEV Program is available until the end of March 2025 or until the funds are available. The car dealer is responsible for the processing of the incentive, and all new vehicle rebates are issued at the time of purchase. All necessary documentation must be completed correctly for the incentives to be granted. When rebate approval is granted, the rebate amount is subtracted from the vehicle’s full price. Canadian rebates are stackable, allowing the vehicle owner to claim provincial and federal rebates for the same vehicle.
If the vehicle is pre-owned, the new owner can apply for eligible rebates independently. At present, the federal government doesn’t offer rebates for used EV purchases, but there are provincial and municipal rebates for EVs, depending on the province. Typically, these rebates are not as high as new vehicle rebates.
The staff at McMilan Motor in Kipling, SK, will be happy to show you our renowned Chevrolet Blazer EV. Take the Blazer EV on a test drive to discover all the benefits of becoming an EV owner, especially acquiring decent EV rebates! Visit us today!