Yes, Federal EV Money Is Back
The short answer: yes. The old federal iZEV incentive closed, but its replacement, the Electric Vehicle Affordability Program (EVAP), runs from April 1, 2026 to March 31, 2031, or until the allocated funding runs out, whichever comes first. EVAP offers up to $5,000 off eligible battery-electric vehicles and up to $2,500 off eligible plug-in hybrids. It applies at the point of sale on new-vehicle purchases and leases, so in most cases the discount shows up directly on the deal, rather than requiring you to apply for a rebate after the fact.
The Price Cap That Trips People Up
EVAP has one eligibility detail worth understanding before you shop. For vehicles imported from countries Canada has a free trade agreement with, the incentive only applies to vehicles with a final transaction value up to $50,000. That cap does not apply to Canadian-made EVs and PHEVs, which remain eligible regardless of price. In practical terms, this means the trim and options you choose on an imported EV can push a vehicle over the line and cost you the entire rebate, so it's worth confirming the out-the-door price against the cap before you commit to a build.
The Provincial Picture
On top of the federal program, several provinces still run their own EV incentives, and the details vary a lot from one to the next. Quebec, Manitoba, Prince Edward Island, Newfoundland and Labrador, and Yukon all currently run notable provincial EV programs, though some of these are in phases with end dates set for early 2026 and may change again after that. New Brunswick and Nova Scotia have both ended their light-duty EV rebate programs, so those aren't a factor for buyers there anymore. If you're in Ontario, Alberta, or Saskatchewan, there currently isn't a provincial EV rebate to layer on, so the federal EVAP incentive is what you're working with. Dollar amounts and end dates on the provincial programs that remain active change often, so treat any number you see online as a starting point and verify the current status directly before you sign anything.
Stacking Federal and Provincial Incentives
Where a province still has an active EV program, it can generally be combined with the federal EVAP rebate. That stacking is where the real savings concentrate, since a buyer in a province with its own incentive can end up with meaningfully more off the price than a buyer relying on the federal rebate alone. It's a good reason to check what your province currently offers even if you've already priced out the federal savings on their own.
Where This Gets Complicated
Rebate eligibility interacts directly with trim and price selection, especially near the $50,000 line on imported vehicles, and dealerships vary quite a bit in how smoothly they actually process point-of-sale incentives. Some apply them cleanly; others fumble the paperwork or quote you a price that doesn't reflect the rebate at all until you push back. Sorting through which trims stay eligible, which provincial program still applies to you, and whether a dealer is actually passing the incentive through correctly is exactly the kind of detail a broker handles as part of the deal.
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Get StartedProgram rules and funding levels change frequently, so always verify the current status of both the federal EVAP program and any provincial incentive directly before you sign a purchase or lease agreement.