AUTO

Tesla Model 3 Leads Canadian EV Rebate Program

June 18, 2024

Tesla Model 3 accounted for over 25% of all iZEV rebate claims in Canada, doubling its nearest competitor’s registrations.
April 2024 saw a record of over 19,000 claims under Canada’s iZEV program, indicating increasing demand for electric vehicles.
Canada’s EV incentive program offers up to $5,000 rebates for eligible vehicles, irrespective of their origin.

In 2024, the Tesla Model 3 emerged as the undisputed champion of Canada’s iZEV rebate program. Statistics released this year reveal a striking dominance by Tesla, surpassing its closest competitors by a wide margin. More than 25% of all iZEV rebate claims this year were for Tesla vehicles, doubling the registrations of its nearest competitor.

Since its inception in 2019, Canada’s EV incentive program has gained immense popularity, offering substantial discounts to buyers opting for clean energy vehicles. Ottawa’s iZEV program is a good example. It offers rebates of up to $5,000 for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This rebate applies if the vehicle costs less than $55,000 for sedans and $65,000 for SUVs, minivans, and pickups.

2024 Tesla Model 3 Highland test drive at Electrify Expo — _{Electrify Expo attendees test drive the 2024 Tesla Model 3}

In April 2024, the iZEV program recorded its highest-ever claims with over 19,000 submissions, highlighting the increasing popularity of electric vehicles in Canada.

In the first quarter of this year, Tesla led the rebate program with over 15,600 claims, highlighting its dominant position. Hyundai followed with over 7,600 claims, while Toyota had over 7,400, Ford had over 6,000, and Kia had over 4,700, according to Transport Canada data.

Image showcasing Tesla Model 3 Highland 2024 in Stealth Grey and Ultra Red

Canada’s EV incentives encourage adoption without focusing on where vehicles are made, unlike the U.S., which is shifting towards stricter manufacturing rules to boost domestic production.

The 2024 Tesla Model 3, codenamed Highland, is captivating Canadian car buyers with its affordability and advanced technology. For those considering the new Tesla Model 3, its competitive pricing and advanced features make it a compelling choice under Canada’s iZEV rebate program.