In the Fall Economic Statement 2021 last year, the Government of Canada allocated an additional $73 million to the iZEV rebate fund.
The funding was provided to ensure the program can continue to operate until the end of March 2022, when the government will announce its 2022 Budget.
Ahead of the 2022 Budget release in early April, Transport Canada has announced the program will continue past March 31, 2022.
In an update on the iZEV website today, the government agency says rebates will be available after April 1, subject to funding availability.
The Incentives for Zero-Emission Vehicles (iZEV) Program is continuing beyond March 31, 2022, with the same program parameters until further notice.
All eligible consumers who purchase or lease an eligible vehicle will still receive the iZEV Program incentive, including those purchased or leased on or after April 1, 2022 (subject to funding availability).
According to the latest statistics from Transport Canada, the iZEV fund had $56,932,913 available as of February 28, 2022.
In a statement to Drive Tesla, Transport Canada confirmed the Government of Canada is considering options to extend the iZEV Program and broaden eligibility to include a wider range of vehicle types, including used ZEVs.
Canadian Government might retool the EV rebate program to include SUVs and pickups