Transport Canada to Pause iZEV Electric Vehicle Incentive Program

Abbotsford, BC – January 13, 2025

In a surprising development announced on January 10^th 2025, Transport Canada confirmed that it will pause the Incentives for Zero-Emission Vehicles (iZEV) program before March 31, 2025, or once available funds have been fully allocated. This move marks a pivotal shift in Canada’s push toward accelerating the adoption of zero-emission vehicles (ZEVs), which have grown in popularity as the country works to reduce its carbon footprint and meet it’s emission reduction goals.

Launched in 2019, the iZEV program has been instrumental in boosting Canada’s electric vehicle (EV) market share. The program, which offers rebates for eligible consumers purchasing new ZEVs, has helped over 546,000 vehicles hit the road, significantly increasing the nation’s ZEV market share from 3.1% in 2019 to an impressive 14.2% by the first three quarters of 2024. As of the third quarter of 2024, Canada saw a record high of 16.5% market share for zero-emission vehicles, underscoring the growing demand for environmentally friendly transportation.

With the program’s funds nearing exhaustion, Transport Canada is urging Canadians to take advantage of the remaining rebates before the program officially pauses. Once funding runs out, customers will no longer be eligible for the generous rebates that have been available for electric vehicle purchases.

While the iZEV program is ending for passenger vehicles, businesses and organizations purchasing zero-emission heavy trucks will still have access to funding through the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles (iMHZEV) program until March 31.

For those considering the switch to an electric vehicle, now is the time to act to secure your rebate. At MSA Ford Sales in Abbotsford, BC, we have a wide selection of electric and hybrid vehicles ready for immediate delivery. Whether you’re based in the Fraser Valley, Greater Vancouver, or anywhere in B.C. our dealership is here to help you take full advantage of this limited-time opportunity.

Don’t wait! The iZEV rebate program is winding down quickly, and once the funds are depleted, these savings will be gone. Our knowledgeable team is standing by to answer any questions and guide you through the process of selecting the right zero-emission vehicle for your needs.

For more information about the iZEV program and how you can secure your rebate before it’s too late, visit our dealership or call us today. We’re here to make your transition to electric driving easy, affordable, and rewarding.

Contact us now to reserve your new electric vehicle and claim your rebate while funds last!

MSA Ford Sales
The Fraser Valley’s Only ford Superstore