Canada’s newly announced $5,000 incentive for electric vehicles is officially going into effect on May 1st next month and the federal government has released the list of eligible vehicles. Tesla vehicles are officially ineligible for the incentive.
As we reported last month, the Canadian federal announced a new $5,000 incentive for electric cars with a $45,000 price limit, which virtually excluded Tesla vehicles. Now the government has released all the details about the incentive:
“To be eligible for incentives, a vehicle must have a base-model manufacturer’s suggested retail price of less than $45,000 for passenger vehicles with six or fewer seats, and less than $55,000 for vehicles with seven or more seats. For eligible vehicles with six or fewer seats, higher-priced versions (trims) are eligible as long as the final manufacturer’s suggested retail price is $55,000 or less.”