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flag Canada launched a new EV incentive program offering up to $5,000 for new electric vehicles made in Canada or partner countries, effective February 16, 2026.

flag Canada launched the Electric Vehicle Affordability Program on February 16, 2026, offering up to $5,000 for new EVs and $2,500 for plug-in hybrids, with incentives phasing out by 2031. flag Rebates apply only to vehicles made in Canada or in free-trade partner countries, and require pre-approval by dealers through Transport Canada. flag A $50,000 price cap applies to non-Canadian vehicles, but Canadian-made models exceeding this price may still qualify. flag The program replaces the iZEV initiative and restricts eligibility to new registrations, with one rebate per individual and up to ten per business. flag As of February 18, some EV and PHEV models are listed as eligible, though pricing can disqualify even listed vehicles. flag Fuel-cell vehicles are technically eligible but none meet criteria due to high costs and limited hydrogen infrastructure.

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