EV incentives are back in BC
Exciting news for EV fans in British Columbia !
The province of British Columbia announced today a second round of ”incentives of up to $5,000 for the purchase or lease of a new battery electric or plug-in hybrid electric vehicle, and up to $6,000 for a hydrogen fuel cell vehicle”.
When combined with new SCRAP-IT program incentives, total savings could be up to $8,250 for an electric vehicle.
The new incentives are part of Phase 2 of the Clean Energy Vehicle (CEV) Program which starts on April 1, 2015, and will distribute $10.6 million from the Province’s Innovative Clean Energy Fund over the next three years for the following purposes:
- $7.5 million for point-of-sale incentives for electric and hydrogen fuel cell vehicles.
- $1.59 million for investments in charging infrastructure and hydrogen fuelling infrastructure.
- $1 million for incentives for commercial fleet purchases of clean energy vehicles.
- $500,000 for research, training, and public outreach on clean energy transportation technology.
This announcement could be applied towards 1500 new electric vehicles purchase or lease in the province.