Earlier this year the Government of Nova Scotia announced $9.5 million in funding for a new electric vehicle (EV) incentive program.
The Electrify Nova Scotia Rebate Program offers $3,000 off the purchase of a new EV, and a $2,000 rebate on a used EV. The $3,000 rebate can combined with the federal $5,000 iZEV rebate, meanings buyers can get up to $8,000 off a new EV, including the Standard Range Plus (SR+) Model 3.
Just six months into the program and it has done exactly what the government wanted, increasing the number of EVs on Nova Scotia’s roads by about 50%.
Before the rebate was implemented in March 2021, there were about 600 EVs in Nova Scotia. Since March a total of 325 people have applied for rebates, meaning there are now more than 900 EVs in the province. (via CBC).
Naturally, one of the biggest reason for the increase in EV sales is due to rising gas prices, which recently topped $1.40/litre in the province. That figure still pales in comparison to prices on the west coast of Canada, which are currently over $1.60/litre.