The federal authorities has paused an incentive program that provided Canadians rebates of as much as $5,000 when shopping for or leasing electrical automobiles.
In an replace on its web site, Transport Canada says the Incentives for Zero-Emission Automobiles (iZEV) Program has been paused as “funds have been absolutely dedicated.”
The division says greater than 546,000 automobiles have been offered or leased with incentives by means of this system because it started in 2019.
In 2023 zero emissions automobiles accounted for 11.7 per cent of Canada’s market, up from 3.1 per cent in 2019.
Canada has mandated that 20 per cent of all new automobiles offered have to be electrical by 2026 and 100 per cent by 2035.
This system was scheduled to pause both on March 31, or as soon as all of the accessible funding has been accessed.
© 2025 The Canadian Press
Source link