iZEV Federal EV Rebate Calculator
Instantly verify if your next 2026 vehicle qualifies for Canada's $5,000 clean vehicle incentive.
Last updated: April 2026
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
- 1Select Category — Passenger cars have stricter price limits than SUVs, vans, or trucks.
- 2Check 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.
- 3Battery Type — Full EVs (BEVs) get the full $5,000. Hybrid (PHEVs) get $2,500 or $5,000 depending on range.
Formula & example
Rebate = $5,000 (BEV/Long-PHEV) or $2,500 (Short-PHEV)
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
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).
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
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.