Currently, the government offers a $5,000 rebate for the purchase of an electric or hydrogen vehicle with a base price under $55,000 (though higher-priced trims under $65,000 will also qualify).  In December 2023, the Federal government also announced a new Electric Vehicle Availability Standard, which will target 100% zero-emission vehicle (ZEV) sales by 2035. While the new mandate doesn’t hint at any new rebates, it aims to open up more vehicle availability in Canada, giving consumers a wider range of options while also reducing wait times for popular models. It will also bolster the charging network, with investments to build 84,500 chargers by the end of the decade. Read more: Interest in EVs declining as concerns grow about cost and charging infrastructure