In order to help reduce harmful greenhouse gas emissions that are caused primarily by the automotive industry, the Canadian government has decided to offer cash incentives to anyone who leases or purchases an electric vehicle.
Many people think that electric vehicles are the way to go if you are looking to save a little money. And the way fuel prices continue to rise, they are right. Fortunately, there has never been a better time to purchase or lease an electric vehicle. Thanks to Canada's new EV incentive program, you can save even more when you choose to purchase or lease a zero emissions vehicle (ZEV).
The Incentive for Zero Emission Vehicle Program (iZEV) has broken up the eligible vehicles into two categories. Vehicles that are powered by a hydrogen fuel cell, powered completely by a battery, or have a long-range plug-in hybrid powertrain are in one category together and offer a $5,000 incentive. A shorter-range plug-in hybrid that has a battery of at 15kWh is in the other category and offers a $2,500 incentive.
Hyundai has a wide range of new all-electric and hybrid vehicles that are eligible to receive the full $5,000 incentive.
Ioniq 5
The Ioniq 5 is an all-electric SUV that is both powerful and stylish. The exterior features a unique design and the interior comes with a wide range of high-tech features. The Ioniq 5 comes standard with a 58 kWh battery that has an all-electric range of 354 km. With the available 77.4 kWh battery, the vehicle can travel up to 488 km on a single charge.
The all-new Kona Electric has a fun and sporty exterior design. On the inside, drivers can enjoy the available heated seats, available heated steering wheel, and optional wireless charging pad. Under the hood, the Kona Electric has a powerful electric motor that is able to produce up to 201 horsepower and 290 lb-ft of torque and has an all-electric range of 415 km.
The Santa Fe Hybrid is perfect for every occasion. it has a sleek and stylish design that is perfect for cruising down the city streets. It also has several selectable driving modes and a powerful engine that allows it to tackle off-road trails with ease. The Santa Fe hybrid comes standard with a 1.6-litre 4-cylinder engine that works with an electric motor to deliver 178 horsepower and 195 lb-ft of torque. There is also an available 2.5-litre engine that delivers 191 horsepower and 181 lb-ft of torque. The Santa Fe is also available as a plug-in hybrid. Both the hybrid and plug-in hybrid models are only eligible to receive the $2,500 incentive.
The Sonata Hybrid is a sporty sedan that has many stylish features including bold LED headlights that are integrated into the hood, LED taillights, and an available panoramic sunroof. The Sonata Hybrid is also only available for the $2,500 incentive. However, it does come with a powerful 2.0-litre I-4 engine that can deliver 150 horsepower and 139 lb-ft of torque.
If you are looking to save $5,000 on a vehicle that will continue to save you money each year, then don't hesitate to contact us today. We can help you find the perfect vehicle that will suit your needs and we will take care of all of the required paperwork to ensure that you receive your cash incentive.
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