PEI

$5K incentive to purchase EVs on P.E.I. now live, retroactive to April 1

The incentive for buying new or used electric vehicles on P.E.I. is now live, meaning Islanders are eligible for up to $5,000 in rebates for EVs purchased after April 1.

Minister Myers made the announcement in the legislature, calling it the 'most generous' in Canada

Any bill of sale on an eligible electric vehicle dated April 1 or later will be paid out and offers $5,000 to Islanders who purchase both new and used EVs and $2,500 to buy plug-in hybrids, a release said. (Nicola MacLeod/CBC)

The incentive for buying new or used electric vehicles on P.E.I. is now live, meaning Islanders are eligible for up to $5,000 in rebates for EVs purchased on or after April 1.

Environment, Energy and Climate Action Minister Steven Myers made the announcement in the P.E.I. Legislature on Thursday, saying it's the "most generous" offer in Canada. 

Any bill of sale on an eligible electric vehicle, plug-in hybrid, or fully electric vehicle dated April 1 or later will be paid out and offers $5,000 to Islanders who purchase both new and used EVs and $2,500 to buy plug-in hybrids.

"As the member from Summerside-South Drive brought to my attention, even a $5,000 car qualifies for a $5,000 rebate," Myers said.

Myers said government planned on releasing the start date of what they're calling the Universal Electric Vehicle Incentive sooner, but the provincial budget is still being debated. Special permission from the Island's Treasury Board was needed to offer the incentive sooner, he said.

Islanders who purchase an EV can expect to receive their free Level 2 charger in the coming weeks, the release added. (Jane Robertson/CBC)

Incentives will be applied directly on the bill of sale or lease agreement, a release said. Dealerships will soon be able to submit their forms through the provincial website to receive compensation. 

Islanders who purchase an EV can expect to receive their free Level 2 charger in the coming weeks, the release added.

Steve Howard, MLA for Summerside-South Drive, said there was "nothing but good news in that announcement."

Interim Liberal Leader Sonny Gallant said the program provides an "effective, up-front incentive of $5,000 for Islanders and that's great. We certainly appreciate this announcement."

Gallant did ask whether local dealers could keep up with demand.

"There may be improvements to make down the road, but it's a great first start," he said.

More from CBC P.E.I.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Become a CBC Member

Join the conversation  Create account

Already have an account?

now