Islanders taking advantage of Universal Electric Vehicle Incentive
Islanders have purchased more than 100 electric vehicles (EVs) since the Universal Electric Vehicle Incentive was announced this Spring. Based on this positive response from Islanders and dealerships, government has increased the funding allocation by $1 million to ensure more than 100 additional EVs are on Island roads.
“We have set out to become Canada’s first net-zero province through our Pathway to Net Zero. The EV incentive program is one of the many tools we are using to reach our ambitious target,” said. It is great to see an increase in EVs travelling our roads. Making electric vehicles more accessible and affordable to Islanders is important and will help us achieve our climate goals.”
- Environment, Energy and Climate Action Minister Steven Myers
The transportation sector on Prince Edward Island accounts for approximately 44% of CO2 emissions, which is the highest in the country.
Prince Edward Island’s incentive is the most generous in Canada and provides Islanders with $5,000 on both new and used eligible EVs and $2,500 for plug-in hybrids. Depending on vehicle choice, many Islanders will be able to increase savings by receiving both the Federal and Provincial incentives.
Island dealerships are pleased to see the uptake in electric vehicle sales following the announcement of the provincial incentive.
“I think many Islanders feared the supply of electric vehicles here was low, but they are seeing a great selection at dealerships. We have heard a lot of positive feedback,” said Lisa Doyle-MacBain, Executive Director of the PEI Automobile Dealers Association. “We are thrilled with the EV incentives and the increased demand by consumers. Our manufacturers have stepped up to the plate to provide electric vehicles to dealerships in provinces with incentives. The entire auto industry is investing billions into electrification with dealers bringing over 130 new zero emission vehicle models to market in the coming years.”
Minister Myers added, “I am happy to see Islanders taking action and making moves towards a more sustainable future for our Island, our region and for generations to come.”
Department of Environment, Energy and Climate Action