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HomeBusinessCanucks to Recieve Record-Breaking Rebates of Over 20,000 iZEV in May 2024

Canucks to Recieve Record-Breaking Rebates of Over 20,000 iZEV in May 2024

The most recent statistics from Transport Canada show that Tesla is still in the lead with almost 5,000 rebate requests, followed by Hyundai with slightly more than 2,600. Less than 100 separated Kia and Ford in their close battle for third place, but Kia prevailed with 2,005 rebate claims. (via Automotive News Canada)

Tesla Model 3 sales help propel federal iZEV claims to another record |  Automotive News Canada
Tesla Model 3 sales help propel federal iZEV claims to another record | Automotive News Canada

Top 10 iZEV Incentives by Brand

Brand May 2024 2024 YTD
Tesla 4,826 20,293
Hyundai 2,625 10,291
Kia 2,005 6,691
Ford 1,931 7,394
Mitsubishi 1,505 5,061
Toyota 1,456 8,294
Volkswagen 1,129 4,494
Chevrolet 981 3,484
Nissan 533 1,989
Audi 506 1,630
Mazda 465 1,486

 

When it comes to individual models, Tesla is still in the lead, with the Model Y and Model 3 having 3,255 and 1,571 refund requests, respectively.

Notably, there were two newcomers on the show. For the recently released Fiat 500e, 38 iZEV were submitted; moreover, one Honda Prologue was given the rebate.

Canadians Claim Record-Breaking 20,000+ iZEV Rebates in May 2024 - Drive  Tesla
Canadians Claim Record-Breaking 20,000+ iZEV Rebates in May 2024 – Drive Tesla

Top 10 BEV models in May 2024

Brand May 2024 2024 YTD
Tesla Model Y 3,255 14,797
Tesla Model 3 1,571 5,496
Volkswagen ID.4 1,129 4,494
Hyundai Kona EV 1,057 4,146
Hyundai Ioniq 5 956 3,379
Ford Mach e 878 4,767
Kia EV6 798 2,528
Chevrolet Blazer 791 1,591
Kia EV9 504 1,215
Audi Q4 e-tron Quattro 496 1,458

 

iZEV rebates top 20,000 in May | Automotive News Canada
iZEV rebates top 20,000 in May | Automotive News Canada

Lastly, it should come as no surprise that British Columbia, Ontario, and Quebec continue to lead the provinces in iZEV rebates. In May, 86 percent of all Canadian iZEV were distributed throughout the three provinces.

Due in significant part to its size and the province’s $7,000 EV incentive, Quebec accounts for over half of the country’s 56 percent of rebates.

That may change in the coming years, though, since Quebec will be discontinuing its Roulez Vert rebate program by 2027.

iZEV incentives by province

May April 2024 YTD
Canada 20,072 18,741 79,914
Quebec 11,247 10,252 43,540
Ontario 3,974 3,705 15,554
British Columbia 3,368 3,340 15,073
Alberta 541 618 2,309
New Brunswick 271 232 950
Nova Scotia 243 204 879
Manitoba 172 161 624
Newfoundland and Labrador 80 59 293
Saskatchewan 79 82 360
Prince Edward Island 67 70 249
Yukon 27 16 73
Northwest Territories 3 2 10
Nunavut 0 0 0
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