New Brunswick announces electric vehicle incentive program
By Anthony Capkun
July 8, 2021 – Starting today in New Brunswick, people who buy or lease eligible new or used electric vehicles from a dealer in the province will be eligible for a rebate under the New Brunswick Electric Vehicle Incentive Program.
Those who purchase or lease a new qualifying battery electric vehicle (BEV) or long-range plug-in hybrid electric vehicle (PHEV) may receive up to $5000. People who purchase or lease a new short-range PHEV may receive up to $2500.
People who buy a used BEV may receive up to $2500, while purchasers of used PHEVs may receive up to $1000.
NB Power will initially administer the rebate program, which will provide rebates retroactively to individuals and organizations who purchase vehicles. Later this fall, dealers will provide the rebate directly to those purchasing qualifying vehicles.
Keith Cronkhite, president & CEO of NB Power, said the province already has an extensive charging network, with a fast-charging station located about every 63 km on all major routes. There are 196 Level 2 chargers and 87 Level 3 DC fast chargers.
People who receive a provincial EV rebate are also eligible for a rebate of up to $750 for the purchase and installation of a Level 2 home charging station.
Consumers who buy an eligible new EV in New Brunswick can also apply to the federal government’s Incentives for Zero-Emission Vehicles (iZEV) Program, resulting in up to $10,000 in combined rebates, says the province.
Financial support for the three-year program—which comes from the Climate Change Fund—will be approved annually. For fiscal 2021-22, $1.95 million was approved.
New Brunswick will be using Transport Canada’s list of eligible vehicles.