The New Car Dealers Association of BC applauded the increase in electric vehicle rebates.

Following the BC government’s announcement to extend the Electric Vehicle (EV) rebate, New Car Dealers Association of B.C (NCDA) says this increase will help the province maintain its leadership in zero-emission sales.

On August 2, the Ministry of Energy, Mines and Low Carbon Innovation announced that the maximum rebate for battery electric, fuel cell electric and long-range plug-in hybrid electric vehicles will increase from $3,000 to $4,000.

Low-range plug-in hybrid electric vehicles will top out at $1,500 to $2,000.

According to NCDA, which is administering the program, the exemption is key to success if the province is to reach its target of 100 percent zero-emission vehicles (ZEV) of all light-duty vehicle sales by 2035.

According to a report by , BC is Canada’s largest province in overall percentage of ZEV adoption with 13 percent by 2022. IHS Market.

Exemption eligibility is based on income level, with more than 90 percent of British Columbians eligible for an exemption based on 2020 income tax returns.

Combined with federal rebates, BC residents can save up to $9,000 on buying or leasing a new EV, according to the ministry’s announcement.

“We know that the cost of zero-emission vehicles is a barrier for many consumers, especially those at the lower end of the income spectrum. So, making clean energy vehicles more affordable for those who may need the most help transitioning, is good news,” said Blair Qualley, NDCA President.

Individuals with an annual income of up to $80,000, or a household with an income of up to $125,000, will be eligible for the maximum exemption amount.

Individuals with higher personal or household incomes are less eligible for the exemption. Individuals with an annual income of more than $100,000, or a household income of more than $165,000, will not qualify.

Qualey says, “While we can appreciate that the government faces the ever-challenging situation of trying to manage program costs and budgets, we may be seeing higher-income participants How the changes might affect ZEV growth.”

According to NCDA, more than 18,000 rebate transactions were processed last year, and more than 17 percent of new vehicle sales were ZEVs in the first quarter of 2022.

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British Columbia Driving Electric Vehicles