Cost & Rebates

Depending on your location and the specific vehicle, you may qualify for rebates through the federal level, provincial level, or both. These rebates can provide significant savings on the purchase or lease of a new electrified vehicle.

Eligibility for rebates and incentives for the purchase or lease of an electrified vehicle varies according to your location and the type of vehicle you are purchasing.
Your dealership can help you determine the maximum rebates and incentives you qualify for, or you can explore federal incentives on the iZEV website, or check out your provincial rebate program for more information.

Your Plug-In Hybrid Electric Vehicle (PHEV) follows roughly the same maintenance schedule as a gas-powered vehicle, and will not need to be serviced more often. Therefore you can expect an equivalent cost for maintaining your PHEV.

Yes it can, depending on your driving habits and how frequently you recharge the battery. When your Plug-In Hybrid Electric Vehicle (PHEV)® is running in electric mode, it is not consuming fuel, saving you money on total fuel costs. The litres equivalent (L) rating of your electrified vehicle will tell you how many litres of gas are the equivalent to the battery power it would take to drive 100 km. In almost all cases, the Le/km is far lower than the gas-only fuel rating, indicating cost savings in terms of how much money you need to spend on fuel.

The costs of owning an electrified vehicle are predictable, and are more or less equivalent to what you would expect from a gas-powered vehicle.
There are also potential savings associated with an electrified vehicle (based on your driving habits). For example, driving with battery power reduces overall fuel consumption, so you may spend less money on gasoline overall. Also, since the electric motor is performing some of the work of driving, there will be less overall wear and tear on the gasoline engine, resulting in longer periods between engine maintenance.
The general costs of owning an electrified vehicle are based on:
• charging costs (local electricty rates, charging frequency, home charging centre installation)
• fuel costs (local gasoline prices, refuelling frequency)
• maintenance costs (regularly scheduled maintenance, repair costs)
• insurance costs

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