New Brunswick EV Rebate Launches Offering Up to $5,000
From left: Environment and Climate Change Minister Gary Crossman; Natural Resources and Energy Development Minister Mike Holland; Jon Brawn, treasurer of the New Brunswick Automobile Dealers’ Association; and Keith Cronkhite, president and CEO of NB Power.
The province of New Brunswick in Canada announced on Thursday a new electric vehicle rebate program.
Starting today, July 8, those purchasing or leasing an EV from a dealer in the province will be eligible for up to $5,000 CAD ($3,993 USD) from the New Brunswick Electric Vehicle Incentive Program.
“We committed in our Climate Change Action Plan to lowering greenhouse gas emissions and this program will help us continue to not only meet but exceed our emission targets,” said Environment and Climate Change Minister Gary Crossman, in a statement. “The program will make electric vehicles more affordable so that more people can take part in reducing our transportation emissions.”
The three year program will be funded from the Climate Change Fund, approved annually. The current year of 2021 to 2022 is offering $1.95 million for the EV rebate program.
Here are the New Brunswick EV rebate details:
- Buy or lease: qualifying battery electric vehicles and long-range plug-in hybrid electric vehicles may receive up to $5,000
- Buy or lease: new short-range plug-in hybrids may receive up to $2,500
- Buying used battery electric vehicles may receive up to $2,500
- Buying used plug-in hybrid electric vehicles may receive up to $1,000
“This incentive program will help New Brunswickers purchase an electric vehicle and it will help us meet our target of 20,000 electric vehicles by 2030,’’ said Natural Resources and Energy Development Minister Mike Holland, in a statement. “This really is where the rubber meets the road.”
The EV rebate program will be managed by NB Power and later this fall, dealers will be able to apply rebates directly to customers.
This New Brunswick EV rebate program can be combined with the federal government’s Zero-Emission Vehicles (iZEV) Program. This means one can get up to $10,000 CAD in combined rebates.
Eligible vehicles will be from Transport Canada’s list, which includes the Tesla Model 3 Standard Range.
Those who get an EV rebate are also eligible for a rebate of up to $750 CAD for the purchase and install of a Level 2 home charger.