Canadian Federal EV Rebate Program Runs Out of Money! 

Canada’s iZEV program is out of money. Is this a premature roadblock on the path to EV adoption, or a necessary pause? Over half a million vehicles incentivized is a substantial figure, but with ambitious targets like 20% EV sales by 2026, was depleting the funds this early inevitable? With automakers already pushing back against mandates, how will this impact consumer adoption and the overall EV market? Will we see a significant drop in EV sales, or will the momentum carry forward regardless? What other strategies could the government employ to stimulate the market in the absence of these rebates? Are provincial incentives enough? Let’s discuss the future of EVs in Canada.