iZEV Program: Who Qualifies and What You Get

The iZEV Program provides financial incentives to help businesses transition to greener transport by purchasing electric vehicles.

👤Who it's for

This program is specifically designed for businesses that are looking to upgrade their fleets or acquire new transport options by purchasing electric delivery vans. It is intended to support those making the move toward zero-emission technology for their business operations.

🎁What you get

You can receive a point-of-sale incentive when you buy an electric vehicle. This is a financial benefit that helps reduce the overall cost of acquiring a new electric delivery van. Because it is a point-of-sale incentive, it functions as a rebate that is applied during the transaction rather than a reimbursement you claim later.

💰What it costs you

The main cost involved in utilizing this program is the purchase price of the vehicle. While the incentive helps lower the final amount you pay, you are responsible for the total cost of the electric delivery van required for your business needs.

⚠️The catch to know

The most important thing to understand is that you do not handle the paperwork for this incentive yourself. The incentive is applied at the dealership level. This means the reduction in price is managed by the seller at the time of sale, rather than being a claim you submit to a government body through a separate application process.

📝How to apply

1. Research and identify the specific electric delivery van you want for your business.
2. Locate a dealership that sells the qualifying electric vehicle.
3. Speak with the dealership staff to ensure the point-of-sale incentive is applied to your specific purchase.
4. Complete the purchase of the vehicle at the dealership to receive the benefit.

For more details, visit the official portal: https://tc.canada.ca/en/road-transportation/innovative-technologies/zero-emission-vehicles/incentives-purchasing-zero-emission-vehicles