Eyes on Hyundai: Hyundai overtakes Tesla as most incentivized EV developer in Canada

Toronto, Ontario — Canada’s EV incentive program has a new darling child in Hyundai, as the Korean automaker has officially overtaken Tesla as the OEM with the most purchase incentive offerings among its vehicle lineup.

We have reached the midpoint of the year and current data from Transport Canada shows that Hyundai has been able to offer 7,299 rebates to its vehicle purchases—245 more than Tesla’s 7,054. Hyundai’s results include plug-in hybrid electric vehicles (PHEVs), which Tesla does not offer.

June saw Hyundai deliver 613 Konas, 510 Ioniq 5s, 157 Tucsons and 80 Sante Fe PHEVs; all of which were eligible for the Incentives for Zero-Emission Vehicles (iZEV) program.

Tesla, on the other hand, delivered 205 eligible Model 3s in June, down from the 1,139 it shipped in May. The Model 3 has since gone up in price and is no longer covered by the iZEV program.

The Chevrolet Bolt EV followed the Ioniq 5 and Kona Electric in June, with 354 deliveries.

Quebec remains the province that receives the bulk of Canada’s EV incentives, with 2,801 rebates offered in June alone, making up 59 percent of the Canadian total of 4,712. Since the inception of the iZEV program, 52 percent of vehicles that have received rebates have been registered in Quebec.


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