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In exciting news for electric vehicle (EV) buyers, the Canadian government has announced plans to revive the popular federal Incentives for Zero-Emission Vehicles (iZEV) rebate program. Minister Mélanie Joly recently confirmed the government’s intention to reinstate the program, which previously offered rebates of up to $5,000 on eligible new EV purchases. However, the question on everyone’s mind: Will Tesla vehicles once again qualify for these rebates?
Background: Why Did the iZEV Program Pause?
Initially launched in 2019, the iZEV rebate provided significant incentives to boost EV adoption across Canada. Unfortunately, the program was paused earlier this year due to depleted funds after a surge in EV purchases exhausted the allocated budget.
The unexpected pause left many prospective EV buyers, particularly those considering Tesla vehicles, without anticipated federal support.
Good News: Government Commitment to EV Incentives
Minister Joly’s recent announcement emphasizes Canada’s continued commitment to electric vehicle adoption, highlighting plans to bring back the iZEV rebates in the coming months. The minister indicated that the program is critical to Canada’s climate goals and reducing emissions from transportation.
However, details about funding amounts, eligibility criteria, and timelines have yet to be finalized.
Will Tesla Vehicles Be Eligible?
Tesla’s eligibility under the previous iZEV program was model and price-dependent, with certain Model 3 and Model Y configurations qualifying. However, Tesla's frequent price adjustments and model updates have regularly changed their eligibility status.
Given recent price increases that previously disqualified some Tesla models, there's speculation about whether Tesla vehicles, particularly popular configurations of Model 3 and Model Y, will be eligible under the reinstated program.
Industry experts suggest Tesla may adjust Canadian pricing strategies again to ensure popular models qualify once the rebate returns, but official details from Tesla remain forthcoming.
Combining Tesla Referral Discounts with iZEV Rebates
Should Tesla models regain eligibility, buyers can significantly boost their savings by combining the federal rebate with Tesla’s referral program benefits. Historically, this allowed buyers to stack rebates and referral discounts, enhancing affordability.
- Federal iZEV rebate: Up to $5,000 off eligible EVs
- Tesla referral discount: Additional benefits (recently up to $1,300 CAD off or valuable software incentives)
Next Steps for Buyers
With details about the reinstated iZEV program still emerging, Tesla buyers should stay informed and prepared:
- Monitor announcements from Tesla and the Canadian government about model eligibility.
- Consider the strategic timing of your purchase to maximize incentives.
- Secure a Tesla referral link early to ensure you benefit from stacked savings.
Conclusion: Stay Tuned and Be Prepared
Canada’s plan to revive the iZEV rebate is a promising development for EV adoption and buyers looking to save on their Tesla purchase. To maximize your savings potential, stay updated on Tesla’s eligibility status and secure your referral benefits early.
Ready to save even more?
Keep checking ReferATesla.ca for ongoing updates and insights on Tesla promotions and rebates!
