Is this for used cars?

No. The iZEV program is strictly for new vehicles. Some provinces offer used EV rebates, but the federal one does not.

What is the price cap including fees?

The price cap only applies to the MSRP. Delivery fees, taxes, and secondary options do NOT count toward the $55k/$60k limit.

iZEV Federal EV Rebate Calculator

Instantly verify if your next 2026 vehicle qualifies for Canada's $5,000 clean vehicle incentive.

Calculate Your Results

Adjust the values to see how your numbers change

What is the iZEV Program?

The Incentives for Zero-Emission Vehicles (iZEV) Program is a federal government initiative designed to make electric vehicles (EVs) more affordable for Canadians.

Depending on the vehicle's range and type, you can receive up to $5,000 off the purchase price or lease of an eligible vehicle.

Point of Sale: Unlike a tax credit that you wait for until April, the iZEV rebate is usually applied by the dealer directly at the time of purchase.

How to Use This Calculator

Select Category - Passenger cars have stricter price limits than SUVs, vans, or trucks.
Check MSRP - The rebate is based on the base trim MSRP. If the base trim is eligible, higher trims are also eligible up to a certain cutoff.
Battery Type - Full EVs (BEVs) get the full $5,000. Hybrid (PHEVs) get $2,500 or $5,000 depending on range.

Calculation Formula & Example

The Formula

Rebate = $5,000 (BEV/Long-PHEV) or $2,500 (Short-PHEV)

Where:

Car Limit = $55,000 Base MSRP
SUV/Truck Limit = $60,000 Base MSRP

Example Calculation

A Tesla Model 3 base trim starts under $55,000, so it qualifies for the $5,000 rebate. A long-range version of the same car also qualifies because its base trim sister is under the limit.

Benefits of Using This Calculator

Lower Upfront Cost - The rebate drastically reduces the effective price of entry-level EVs.
Stacked Incentives - In provinces like QC and BC, you can combine this with provincial programs for up to $12,000 in savings.
Lease Flexibility - The rebate is also available for leases (pro-rated for 12, 24, or 48 months).

Calculator Use Cases

Vehicle Comparison

Determine if a slightly more expensive EV is actually cheaper than a gas car after rebates.

Trim Selection

Ensure the trim you want hasn't pushed the base car over the federal eligibility limit.

Frequently Asked Questions

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Car Loan Calculator

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