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Electric Car Rebates

Incentives for Zero-Emission Vehicles Program (iZEV)

The federal government’s iZEV program offers rebates of up to $5,000 for Canadians who buy or lease a zero-emissions vehicle. The program continues until March 31, 2025, or until available funding (opens to external site) has been exhausted.

What’s a zero-emissions vehicle?

A zero-emission vehicle (ZEV) is one that has the potential to produce no tailpipe emissions. While it can still have a conventional internal combustion engine (ICE), it must be able to operate without using it.

Battery electric vehicle (BEV)

A fully electric vehicle is powered by an electric motor, and is charged by being plugged into an external electric outlet.

Hydrogen fuel cell (FCEV)

A fully electric vehicle that use a hydrogen fuel cell instead of a battery, and is fuelled using hydrogen gas.

Plug-in hybrid electric (PHEV)

Uses both an electric motor and an ICE. The electric motor is powered by a battery, which is charged by being plugged into an external electric outlet. The ICE is powered by a fuel such as gas.

Does the vehicle I want qualify for the iZEV program?

Check the full list of eligible EVs (opens in a new window) on the Canadian government website.

To qualify, a vehicle must meet the following criteria:

  • Classify as a battery electric, hydrogen fuel cell, or plug-in hybrid electric vehicle
  • Be purchased or leased for at least 12 months, on or after its specific eligibility date
  • Have a Manufacturer's Suggested Retail Price (MSRP) of less than $55,000 for a passenger car, or $65,000 with higher price trims
  • Have an MSRP of less than $60,000 for a station wagon, pickup truck, sport utility vehicle (SUV), minivan, van, or special purpose vehicle, or $75,000 with higher price trims

How do I get the iZEV rebate?

The incentive will be applied at the point-of-sale by the dealership, and will appear on the bill of sale or lease agreement.

The RBC Electric Car Cost calculator helps you calculate the cost to buy and own an EV in Canada

Electric car cost calculator

Calculate the cost to buy and own an EV, and find out how much money you could save.

Calculate now

Are EV rebates available in my province?

A number of provinces offer rebates for EVs that can be used in addition to the federal government’s iZEV program, so you can increase your savings on an eligible EV.

Electric car financing with RBC

Get special financing rates on select EVs and flexible payment options with the RBC Clean Energy Vehicle Program.

Learn more

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