Federal electric vehicle rebates are now available with an increased price limit

By CRM staff

Toronto, Ontario — May 1, 2019 — More Canadians maybe purchasing electric vehicles as the Federal rebates to encourage the purchase of electric cars took effect on May 1.

The rebates will take $5,000 off the cost of electric vehicles and $2,500 off plug-in hybrids initially only applying to vehicles that cost less than $45,000.

Ottawa has changed the limit to $55,000 to increase the options for drivers to purchase an electric vehicle.

With this increase, drivers can now purchase a Tesla Model 3 and qualify for the rebate.

In total nine different electric vehicles and 13 plug-in hybrids qualify for the rebate.