EV Rebate

PEI Government Rebates

Electric Vehicle Incentive

The Government of Prince Edward Island is now offering the most generous electric vehicle (EV) incentive in Canada by providing $5,000 to Islanders who purchase a new or used EV. Government will also offer $2,500 to those who buy a plug-in hybrid from April 1, 2021 onwards.

In addition, Islanders who utilize the PEI Universal EV Incentive (both BEV and PHEV) will receive a free Level 2 charger. Islanders will be responsible for all installation costs associated with charging infrastructure. Only one charger will be given per household.

Incentives are administered at the point-of-sale, applied directly to the bill of sale or lease agreement. Dealerships are responsible for completing the documentation required to receive the rebate and submit all forms to Access PEI. Chargers will be shipped after all completed documents are returned to Access PEI.

In an effort to support our Island businesses, vehicles must be purchased from a Licensed Island Dealership to be eligible.

Islanders who buy a new, fully electric vehicle may be eligible for up to $10,000 off the purchase price with the Federal Government incentive of $5,000 and the PEI Universal EV Incentive combined.

What are the program details?

Prince Edward Island will follow Transport Canada’s eligibility requirements(link is external) and most incentive amounts.

list of eligible new vehicles(link is external) can be found on Transport Canada's website.

*Amounts offered for an incentive may differ provincially, for example: Plug-in Hybrids will only qualify for a $2,500 regardless of battery size or range.

The incentive is applied after taxes.

The free charger program will be administered through Access/Service PEI.

Used BEVs/PHEVs must have a sticker price of $55,000 or less to qualify for the incentive.

The Universal EV Incentive is also eligible for leases on new vehicles:
$5000 BEV leased incentive:
48+ month Lease: $5,000
36 month lease: $3,750
24 month lease: $2,500
12 month lease: $1,250

$2,500 PHEV leased incentive:
48+ month lease: $2,500
36 month lease: $1,875
24 month lease: $1,250
12 month lease: $625