Since February 16, Canadas federal government is once again offering a maximum of $5,000 in incentives for the purchase of an electric vehicle.

　　One notable change since the program went on hiatus last year? For a vehicle to be eligible for the incentive, the transaction price cant exceed $50,000. That may influence some buyers, since in some cases only the base version of a given model is eligible, while in others, eligibility reaches to the higher trims. For example, will buyers lean towards an eligible fully equipped Chevy Equinox EV RS trim instead of a Volkswagen ID.4 or Tesla Model Y, only the base versions of which are eligible? We shall see.

　　Based on data provided by Transport Canada and the Government of Canada, heres the complete list of all electric vehicles currently eligible for the $5,000 federal grant.

　　Make Model Year Trims

　　Chevrolet Bolt 2027 - LT, RSChevrolet Equinox EV 2026 - LT, RSChevrolet Equinox EV 2025 - LT, LT AWD, RSDodge Charger 2026 - R/T, Scat PackDodge Charger 2025 - R/T, Scat PackDodge Charger 2024 - R/T, Scat PackFiat 500e 2026 - Icona, PopFiat 500e 2025 - Red, Giorgio Armani, La PrimaFord Mustang Mach-E 2026 - Select eAWD Standard Range, Select RWD Standard RangeHyundai Kona EV 2026 - Preferred w/Trend Package, Preferred, Preferred w/Ultimate PackageHyundai Kona EV 2025 - Preferred w/Trend Package, Preferred,Kia EV4 2026 - Wind Premium, Light, Gt-Line, WindKia Niro EV 2026 - Wind, Wind+Kia EV6 2025 - Light RWDKia Niro EV 2025 - Wind, Wind+Kia Niro EV 2024 - Wind, Wind+Nissan LEAF 2026 - S+, SV+Subaru Uncharted 2026 - FWD LR, Sport, FWDTesla Model Y 2026 - RWD-BToyota C-HR 2026 - XSE (AWD), SE (FWD)Toyota bZ 2026 - XLE FWDVolkswagen ID.4 2025 - BaseVolvo EX30 Single Motor 2026 - CoreTransport Canada notes that this list is provided for informational purposes. Models may be added or removed at any time.

　　An incentive for leased EVs as well

　　Also worth noting is that the incentive applies to leased vehicles as well. The amount is prorated based on the lease term: $5,000 for 48 months or 4 years, $3,750 for 36 months of 3 years, $2,500 for 24 months or 2 years and $1,250 for 12 months or 1 year.

　　Plug-in hybrids also included

　　Additionally, a $2,500 grant is available to consumers who purchase a new vehicle equipped with plug-in hybrid (PHEV) technology.

　　Lastly, dont forget that some provincial incentives for the purchase of an electric vehicle still exist, though several of those programs have been cut or are being phased out. Heres where we stand, as of March 2026:

　　Quebec - $2,000 (Program phase-out in progress; reduced from $4,000 in 2025)British Columbia - $4,000 (Income-tested (Individual income $80,000 for max))New Brunswick - $5,000 (Vehicle MSRP must be under $55,000)Nova Scotia - $3,000 (Vehicle MSRP must be under $55,000)Prince Edward Island - $5,000 (Includes a free Level 2 charger (installation not included))Newfoundland Labrador - $2,500 (Limited-time rebates based on annual budget availability)Ontario, Saskatchewan, Alberta, Manitoba - $0 (No current provincial purchase incentives available)