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NB launches provincial EV rebate initiative

The provincial government in New Brunswick launched a rebate initiative for drivers in the province who want to purchase an electric vehicle.

Consumers can lease or purchase an eligible EV from a dealership in the province, and then receive a rebate under the New Brunswick Electric Vehicle Incentive Program.

“We committed in our Climate Change Action Plan to lowering greenhouse gas emissions and this program will help us continue to not only meet but exceed our emission targets,” said Environment and Climate Change Minister Gary Crossman. “The program will make electric vehicles more affordable so that more people can take part in reducing our transportation emissions.”

The program will last three years. Financial support will come from the Climate Change Fund and must be approved annually. For fiscal 2021-2022, $1.95 million was approved.

Consumers who purchase or lease a new battery EV and/or long-range plug-in hybrid EV can receive up to $5,000. For consumers eyeing new short-range plug-in hybrids, they can get up to $2,500 in rebates. And for used EV vehicles, the rebate is up to $2,500, whereas buyers of used plug-in hybrid EVs may receive up to $1,000.

“This incentive program will help New Brunswickers purchase an electric vehicle and it will help us meet our target of 20,000 electric vehicles by 2030,’’ said Natural Resources and Energy Development Minister Mike Holland. “This really is where the rubber meets the road.”

New Brunswick is using Transport Canada’s list of eligible vehicles, which can be viewed here.

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