The Island boards EV rebate bandwagon
March 23, 2021 By Anthony Capkun
March 23, 2021 – Beginning this spring, the Government of Prince Edward Island says it will offer “the most generous electric vehicle incentive in Canada” by providing $5000 to Islanders who purchase a new or used EV.
The province will also offer a free Level 2 charger to people who purchase an EV and $2500 to those who buy a plug-in hybrid. (Residents will be responsible for all installation costs associated with charging infrastructure.)
“We know that one of the main hurdles for Islanders to switch to an electric vehicle is the high cost. With that in mind, we are launching an EV incentive in an effort to increase uptake and, in return, reduce greenhouse gas emissions from our transportation sector […],” said Steven Myers, Minister of Environment, Energy and Climate Action.
Incentives will be administered at the point-of-sale, applied directly on the bill of sale or lease agreement. Dealerships will be responsible for completing the documentation required to receive the rebate and submit all forms to Access PEI.
Vehicles must be purchased from an Island dealership to be eligible. Islanders who buy a new, fully EV may be eligible for up to $10,000 off the purchase price with the federal rebate of $5000 and the PEI Universal EV Incentive combined.
Encouraging the use of electric vehicles is part of Prince Edward Island’s Sustainable Transportation Action Plan.
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