Transport Canada has announced a new medium and heavy-duty zero-emission vehicle (ZEV) incentive.
The new program will help subsidize the cost of moving larger vehicles to cleaner technologies for companies and governments around the country.
The program will provide an incentive of up to 50 per cent of the price difference between an ZEV and a traditional vehicle.
As per the announcement, the incentive will range from $10,000 to $200,000 and will depend on the type of vehicle.
The eligibility requirements on the vehicles can be found here.
Provincial, territorial, municipal and local governments will all be eligible, as will private organizations and businesses.
Transport Min. @OmarAlghabra unveils new incentives starting today for medium- and heavy-duty zero-emissions vehicles. The program provides “incentives worth approx. 50% of the price difference between an electric vehicle and a traditional vehicle” ranging up to $200k #LdnOnt pic.twitter.com/5N8tSnMy9D
— Andrew Graham (@andrewjwgraham) July 11, 2022
The new program will start on July 11 and be known as the iMHZEV program.
Minister of Transport Omar Alghabra said this at the announcement:
In Canada, medium and heavy-duty vehicles are a big source of pollution on our roads. Many Canadian businesses want to help reduce pollution by making the switch to a zero-emissions vehicle, and our government is committed to ensuring that where feasible, 100 per cent of medium and heavy-duty vehicle sales are zero-emission by 2040.
The program is fully funded and has around $550 million to help governments and companies make the switch to ZEV.
However, the government did not confirm if they plan to expand the program if they reach the almost $550 million cap in the coming years.
