03 Nov, 22

Being almost entirely inaccessible to the commoner was categorized as one of the main disadvantages of electric vehicles (EVs). But, that is about to change sooner than you think, all thanks to rebate reforms.


The B.C. government is raising the maximum EV rebates to $4,000 as part of a new program for those with annual incomes under $80,000.

Rebates vs. Discounts – What is the difference?

Discounts and rebates are two different types of cost-saving mechanisms. Despite the fact that these concepts may sound identical, there is a significant difference between them. Discounts are frequently used to lower the purchase price at the moment of sale. Rebates, on the other hand, are a type of retroactive payment that, in the long run, lowers the overall cost of a good or service. 

B.C. Electric Car Rebate Eligibility

The highest provincial rebate for buying or leasing a battery-electric vehicle (BEV), fuel-cell electric vehicle (FCEV), or long-range plug-in hybrid electric vehicle (PHEV) has been raised from $3,000 to $4,000. For PHEVs with a reduced range, the maximum rebate has been raised up to $1,500 – $2,000.

Additionally, households with combined yearly incomes up to $125,000 will be eligible for the maximum refunds. People who earn between $80,001 and $100,000 annually will remain eligible to apply, but they will be reduced between $500 and $2,000.

Provincial sales taxes are already waived for electric automobiles. Up to 75% of the installation costs of EV charging stations in offices, single-family houses, and flats can be covered by other incentives offered by the provincial and federal governments.

So, what does that mean altogether? It quite clearly means that EV is the future and soon enough will be a part of every household belonging to most income classes. What do you think?


Q. How much does the Canadian Government give you for an electric car?

A. The Canadian Government provides two types of incentives for purchasing zero-emission vehicles. Longer-range plug-in hybrids, hydrogen fuel cells, and battery-electric cars can all get up to $5,000 in grants. Longer-range plug-in cars have an electric range of at least 50 kilometers.

Q. How do I claim an EV tax credit?

A. To claim an EV tax credit from the B.C. Government, purchase an EV vehicle from a qualified seller, get a Letter of Certification from the dealership, fill out an IRS Form 8936, and then apply for eligibility at the B.C. Government’s official website.

Q. How many times can I claim the EV tax credit?

A. Taxpayers can only claim the credit for one vehicle per year.

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