EV Rebates

Electric Vehicle Incentive

The Government of Prince Edward Island is offering one of the most generous electric vehicle (EV) incentive in Canada by providing $5,000 to Islanders who purchase a new or used EV. Government will also offer $2,500 to those who buy a plug-in hybrid from April 1, 2021 onwards.

 

Previously, these incentives included a free level 2 charger but as of March 1, 2023 , Islanders who utilize the PEI Universal EV Incentive (both BEV and PHEV) will instead receive a $750 charging incentive to go towards the purchase and installation of a level 2 charger or towards charging costs for those unable to install a charger.

 

As of March 1, 2023 the total PEI Electric Vehicle and Charging incentive will be $5,750 for EVs and $3,250 for PHEVs.

 

Islanders who buy a new, fully electric vehicle may be eligible for up to $10,750 off the purchase price with the Federal Government incentive of $5,000 and the PEI Universal EV and Charging Incentive of $5,750 combined.

 

What are the program details?

Prince Edward Island will follow Transport Canada’s eligibility requirements(link is external) and most incentive amounts..

 

A list of eligible new vehicles(link is external) can be found on Transport Canada's website. Amounts offered for an incentive may differ provincially, for example: Plug-in Hybrids will only qualify for a $3250 regardless of battery size or range.

 

The incentive is applied after taxes.

 

Used BEVs/PHEVs must have a sticker price of $70,000 or less to qualify for the incentive. This change was made on March 1, 2023 but is retroactive to January 1, 2023. If you purchased a used vehicle over $55,000 between January 1- March 1, 2023, you can receive your retroactive payment by bringing your bill of sale and registration into any Access PEI location.

 

The Universal EV Incentive can also apply to leases on new vehicles:

$5,750 BEV leased incentive:
48 month lease: $5,750
36 month lease: $4,312
24 month lease: $2,875
12 month lease:  $1,437

 

$3,250 PHEV leased incentive:
48 month lease: $3,250
36 month lease: $2,437
24 month lease: $1,625
12 month lease: $812