The Federal Incentives for Zero-Emission Vehicles (iZEV) program saw a surge in February led by the Tesla Model Y.
According to Automotive News Canada, Tesla led the way with a jump from 1,042 in January to 3,680 in February. Tesla is one of five automakers that broke four digits, with Hyundai, Toyota, Kia, and Ford all breaking 1,000 vehicles registered.
In terms of year-to-date, Tesla is still leading the way with just over 4,700 vehicles registered. Interestingly, Vinfast has found a spot in the top 15, but no other new entrants have broken through.
| February | January | 2024 YTD | |
| Tesla | 3,680 | 1,042 | 4,722 |
| Hyundai | 1,688 | 1,672 | 3,360 |
| Toyota | 1,559 | 1,601 | 3,160 |
| Kia | 1,182 | 846 | 2,028 |
| Ford | 1,088 | 793 | 1,881 |
| Volkswagen | 921 | 711 | 1,632 |
| Mitsubishi | 830 | 722 | 1,552 |
| Chevrolet | 428 | 861 | 1,289 |
| Nissan | 329 | 216 | 545 |
| Audi | 317 | 355 | 672 |
| Mazda | 286 | 213 | 499 |
| Jeep | 248 | 199 | 447 |
| Volvo | 183 | 244 | 427 |
| Vinfast | 164 | 90 | 254 |
| BMW | 125 | 119 | 244 |
*Data via Transport Canada
Tesla is also leading the way by model, with the Model Y dominating by more than 2500 vehicles in February alone.
| February | January | 2024 YTD | |
| Tesla Model Y | 3,605 | 425 | 4,030 |
| Volkswagen ID.4 | 921 | 711 | 1,632 |
| Hyundai Kona EV | 728 | 562 | 1,290 |
| Ford Mach e | 701 | 334 | 1,035 |
| Hyundai Ioniq 5 | 459 | 454 | 913 |
| Kia EV6 | 458 | 323 | 781 |
| Toyota bZ4X | 447 | 432 | 879 |
| Kia Niro EV | 383 | 236 | 619 |
| Chevrolet Bolt EUV | 311 | 658 | 969 |
| Audi Q4 e-tron Quattro | 254 | 298 | 552 |
*Data via Transport Canada
Finally, in terms of the provincial breakdown, Quebec, BC, and Ontario continue to lead the way in iZEV incentives by province. Quebec accounted for over half of all incentives in February, with 53% of all incentives.
| February | January | 2024 YTD | |
| Canada | 13,543 | 10,278 | 23,821 |
| Quebec | 7,147 | 5,538 | 12,685 |
| British Columbia | 2,968 | 1,896 | 4,864 |
| Ontario | 2,519 | 2,030 | 4,549 |
| Alberta | 386 | 269 | 655 |
| New Brunswick | 150 | 146 | 296 |
| Nova Scotia | 119 | 157 | 276 |
| Manitoba | 92 | 87 | 179 |
| Saskatchewan | 71 | 59 | 130 |
| Newfoundland and Labrador | 51 | 35 | 86 |
| Prince Edward Island | 33 | 42 | 75 |
| Yukon | 6 | 17 | 23 |
| Northwest Territories | 1 | 2 | 3 |
| Nunavut | 0 | 0 | 0 |
*Data via Transport Canada
