According to a press release, residents of Prince Edward Island can get a $5,000 CAD rebate when buying a new or used electric vehicle, Tesla North is reporting.
PEI says a free Level 2 charger is also being offered to those that purchase an EV, and $2,500 CAD to those who purchase a plug-in hybrid. Residents are, however, responsible for the installation costs.
As a result, residents of PEI will be able to save $10,000 CAD off a new EV, when combined with the federal government’s $5,000 CAD rebate.
“We know that one of the main hurdles for Islanders to switch to an electric vehicle is the high cost,” said Steven Myers, Minister of Environment, Energy and Climate Action, in a statement.
“With that in mind, we are launching an EV incentive in an effort to increase uptake and in return, reduce greenhouse gas emissions from our transportation sector – which represents nearly half of overall provincial emissions. This will help us get closer to our goal of Net Zero by 2040.”
Other Canadian provinces, such as British Columbia, Quebec, and Nova Scotia, also offer rebates on electric vehicles.