Prince Edward Island — The Government of Prince Edward Island has recently begun offering cash incentives for those who purchase new or used electric vehicles.
In an effort to make the roads more environmentally friendly, PEI developed the electric vehicle rebate program where drivers who go electric can get $5,000. This is said to be the most generous electric vehicle incentive program in the country. In comparison, Ontario only offers EV buyers $1,000. The island’s government is also offering $2,500 to anyone who purchases a plug-in hybrid from April 1, 2021, onwards.
P.E.I. Environment Minister Steven Myers is proud to say that they have already used up half of the money that was set aside for the rebate program, and he isn’t afraid to ask for more money if they run out because he sees how important it is to have a program that is focused on creating a healthier world.
“Islanders know me, I’m not going to be afraid to go back to treasury board and ask for more money if this is a successful program,” he said. “If results on the uptake are good we’ll make sure we’re there to answer the bell on the financial side.” (SOURCE CBC)
Even though EV’s are more expensive than gas-powered vehicles, Myers says that there are now more used EV’s than ever before which means more people will be able to cover the costs.
“We have a big used-car market here on Prince Edward Island,” Myers told CBC. “Allowing a used vehicle brings it down to a more affordable price range.”
In addition to the cash incentives, EV purchasers will get a free level two charger. Myers says that he hopes residents see the benefits of buying an EV.
“We have to get cars on the road and have to get people using them and talking to their neighbours and saying how great they are and how range isn’t an issue,” he said.
Drivers won’t have to worry about their EV needing to be charged while they are out and about, as they can drive up to 500 kilometres before needing to be charged again.
