New iZEV Electric Vehicle Incentive Program Confirmed for May 1
The government of Canada announced in April a new incentive program designed to stimulate EV sales in Canada. Available starting on May 1st, the program will provide a $5,000 incentive on the purchase of a new EV with a battery larger than 15 kWh while hybrid models with a battery capacity of less than 15 kWh will come with a $2,500 purchase.
At Chevrolet, that means that both the Chevrolet Bolt and Chevrolet Volt are eligible for a $5,000 rebate from the government of Canada if you purchase or lease for 48 months. Other rebates include a $1,250 on a 12-month lease, $2,500 on a 24-month lease, and $3,750 on a 36-month lease. These rebates are only available on new vehicles costing less than $45,000 which both the Bolt and Volt respect.
The Chevrolet Bolt is often considered Canada’s premier electric vehicle and the first affordable long-range EV. Offering 383 kilometers of range, it packs the range you need to truly enjoy all of the benefits of an EV day in and day out.
To learn more about our electric vehicles, contact us today at Vickar Chevrolet