The following news is embryonic, as the information has only just been published on the Government of Canadas website; the federal electric vehicle rebate program will end before March 31, 2025.

　　This means that the $5,000 credit will be eliminated. With the incentive reduced from $7,000 to $4,000 in Quebec on January 1, and temporarily eliminated as of February 1, 2025, this means that there will soon be no rebate available on the purchase of an electric model in most of Canada.

　　In Quebec, the program could return in April, but this has yet to be confirmed, and we also know that it is doomed in the long term. The rebate will drop to $2,000 in January 2026 before being eliminated in January 2027, if it is retained, of course.

　　Dealers will have to work hard to sell off stock models, as prices will no longer be the same for consumers.

　　More information on this announcement will follow.

　　The Hyundai Ioniq 5 | Photo: Hyundai