Canada's iZEV Program Temporarily Suspended Due to Funding Shortfall
Tags:
The Incentives for Zero-Emission Vehicles (iZEV) Program, launched by the Canadian government in May 2019, has been pivotal in promoting the adoption of electric vehicles (EVs) across the country. The program offered rebates of up to $5,000 to individuals and businesses purchasing or leasing eligible zero-emission vehicles.
Temporary Suspension
As of early 2025, the iZEV Program has officially paused due to the full commitment of its allocated funds. This suspension means that new applicants will temporarily be unable to receive federal incentives for zero-emission vehicle purchases or leases.
Automaker Response
In light of the program's suspension, several automakers have introduced their own incentives to encourage EV adoption. Ford, General Motors, Hyundai, and Nissan are offering rebates to Canadian consumers to bridge the gap left by the paused federal program. The specifics and duration of these manufacturer-led incentives vary by company.
Government's Position and Future Plans
The federal government is aware of the funding shortfall and is considering options to address the situation. Advocacy groups have emphasized the importance of maintaining consistent incentives to support Canada's transition to zero-emission vehicles.
Impact on EV Adoption
The temporary suspension of the iZEV Program has raised concerns among industry stakeholders and environmental groups. Consistent and predictable incentives are considered crucial for encouraging consumers to transition to zero-emission vehicles, thereby contributing to Canada's environmental goals.
Looking for a used car for sale in Dubai? or new cars for sale in Dubai?
