Ten reasons why you should consider buying an electric vehicle

There are environmental, health and economic benefits to driving an electric vehicle.

  1. Driving an EV is one way to reduce GHG emissions from transportation and, at the same time, improve our air quality.
  2. It is cheaper! It costs less to charge an EV battery compared to purchasing a tank of gasoline or diesel.
  3. EVs have less maintenance requirements than vehicles with gas powered engines.
  4. It is free to register an EV in Prince Edward Island, a cost savings of $100 annually, and the province offers half-price registration for hybrid vehicles.
  5. The Government of Prince Edward Island is offering the most generous EV incentive in Canada by providing $5,000 to Islanders who purchase a new or used EV. Government is also offering $2,500 to those who buy a plug-in hybrid.
  6. Islanders who use the PEI Universal EV Incentive will receive a $750 charging incentive to go towards the purchase and installation of a level 2 charger or towards charging costs for those unable to install a charger.
  7. With the vehicle and charger incentive combined, that is $5,750 in rebates for EVs and $3,250 in rebates for Plug-in-Hybrid Electric Vehicles.
  8. Enjoy better vehicle performance with an EV. Electric cars weigh less than conventional cars and so they accelerate faster. Consumer Reports attest that electric vehicles deliver power from an instant stop, are smooth and quiet while operating, glide effortlessly and handle well. 
  9. Another perk of an electric vehicle is that you can plug in and recharge at home or use EV charging stations when you’re out and about. EV charging stations can be found from tip-to-tip in communities across Prince Edward Island.
  10. EV batteries are recyclable and there is a strong demand for secondary-life batteries to serve less demanding applications such as from renewable energy storage. Also, they can be recycled into components for new batteries.

Learn more about the province's electric vehicle incentives.

 

Published date: 
January 28, 2025