Buying an electric car becomes cheaper today as federal rebates kick in
OTTAWA — Federal rebates to encourage Canadians to buy electric cars take effect today.
The rebates, announced in the last Liberal budget, will take up to $5,000 off the cost of electric vehicles, and $2,500 off plug-in hybrids, but they apply only to cars that cost less than $45,000.
Ottawa is raising that to $55,000 to increase the options a buyer can choose and still receive the rebate, but the price limit means the most popular electric car in Canada — the Tesla Model 3 — is not going to qualify.