Tesla Model 3 SR+ qualifies for the $5,000 Canadian federal tax credit (full EV list)

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2021 Tesla Model 3 SR+ once again makes it to the list of eligible electric cars for the $5,000 Canadian federal tax credit (iZEV Program). This is part of the CAD $487 million future investment in EV infrastructure and tax incentives by the Canadian government.

This incentive program supports Plug-in Hybrid (PHEV) and Hydrogen Fuel Cell vehicles as well. Longer-range zero-emission vehicles are eligible for CAD $5,000 and shorter-range EVs are eligible for a $2,500 incentive.

Model 3 Standard (only available in physical stores) and Standard Range Plus are the only Teslas that have qualified for the Canada iZEV incentive. Being a battery electric vehicle (BEV), Tesla Model 3 is qualified for the max CAD $5,000 tax credit.

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Transport Canada website mentions the following criteria for the iZEV incentive eligibility:

There are two levels of incentive:

– Battery-electric, hydrogen fuel cell, and longer-range plug-in hybrid vehicles are eligible for an incentive of $5,000

– Shorter range plug-in hybrid electric vehicles are eligible for an incentive of $2,500

To be eligible for the Incentives for Zero-Emission Vehicles program, you have to purchase or lease:

– A vehicle with six seats or fewer, where the base model (trim) Manufacturer’s Suggested Retail Price (MSRP) is less than $45,000;

— Higher-priced versions (trims) of these vehicles, up to a maximum Manufacturer’s Suggested Retail Price (MSRP) of $55,000, will also be eligible for purchase incentives;

Or

– A vehicle with seven seats or greater, where the base model Manufacturer’s Suggested Retail Price (MSRP) is less than $55,000;

— Higher-priced versions (trims) of these vehicles, up to a maximum Manufacturer’s Suggested Retail Price (MSRP) of $60,000, will also be eligible for purchase incentives;

You will still be eligible for the incentive even if delivery, freight, and other fees, such as vehicle color and add-on accessories, push the actual purchase price over these set limits.

Source: Transport Canada (Read full details)

Because the Tesla Model 3 Standard variant which is only available in Tesla stores only is priced at CAD $44,999 and the Standard Range Plus is $52,990 — it falls perfectly into the eligibility criteria.

EV Revolution Show (YouTube / Twitter) made the effort to compile the entire list of eligible Canadian iZEV Program EVs and put it inside the following chart (chart last updated on 1st Feb 2021).

List of electric vehicles eligible for the Canada iZEV incentive program.
List of electric vehicles eligible for the Canada iZEV federal tax incentive program. Explore the up-to-date list on the Transport Canada website. Credits: EV Revolution Show (website).

Leased zero-emission vehicles are also covered by Canda’s iZEV tax incentive, for 12 month lease the 25% of the incentive is given, for 24 month lease it becomes 50%, and for 36 month lease the incentive is 75%.

For example if a long range EV is eligible for CAD $5,000 incentive, it will get $1,250 for 12 months, $2,500 for 24 months, and $3,750 for 36 month lease.

If a shorter range EV qualifies for $2,500 tax credit, it will receive CAD $625 for 12 months, $1,250 for 24 months, and $1,875 for 36 month lease.

Tesla has listed the Provincial, Territorial, and Local rebates and incentives on the official website.

Stay tuned for more, follow us on Google News | Flipboard | RSS (Feedly).

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

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