Incentives for Zero-Emission Vehicles Program to stop at end of March
Mar. 12, 2025
Global Korean Post
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The iZEV Program has been a huge success.
Over 546,000 vehicles have been incented through this program since it began, helping Canada reach a new ZEV market share of 11.7% in 2023, a significant increase from 3.1% in 2019.
New ZEV market share reached 14.2% in the first three quarters of 2024, including a new record high of 16.5% in the third quarter of 2024.
The iZEV Program was scheduled to pause on March 31, 2025, or once all the available funding has been accessed by Canadians. Canadians will benefit from incentives until Program funds are exhausted.
Canadian businesses and organizations purchasing or leasing zero-emission trucks can continue to benefit from the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles (iMHZEV) Program, which continues until March 31, 2026, subject to funding availability.
