The Government of Prince Edward Island (PEI) announced their new operating budget today, revealing plans to help increase electric vehicle (EV) adoption.
Along with investments in healthcare and childcare, the 2021-2022 PEI provincial budget allocates more than $6 million towards clean technology investments. Without providing more details, $500,000 will used to establish an EV rebate program.
According to a Budget Highlights document, the program will include both electric and plug-in hybrid vehicles.
Based on other recent announcements and existing provincial rebate programs elsewhere, the PEI EV rebate will likely amount to $3,000 off the price of a new EV.
It could also be applicable to used EVs. Last month Nova Scotia began offering up to $3,000 off new and $2,000 off used electric vehicles. The program also allows $500 off the purchase of new e-bikes.
There are currently no Tesla Superchargers on PEI, but one is targeted to open in Charlottetown in Q3 later this year. PEI will also soon be receiving 50 new level 2 EV chargers thanks to a $250,000 investment from the Government of Canada.