Quebec to phase out EV and PHEV rebates by 2027

Automotive News

Quebec to phase out EV and PHEV rebates by 2027
QuebecEVPHEV
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Rebates of up to $7,000 in Quebec for new electric (EV) and plug-in hybrid (PHEV) vehicles will wind down before ending altogether in 2027 as part of a provincial budget designed to address a record deficit.

Rebates of up to $7,000 in Quebec for new electric (EV) and plug-in hybrid ( PHEV ) vehicles will wind down before ending altogether in 2027 as part of a provincial budget designed to address a record deficit. Quebec — where current subsidies are the highest among Canadian provinces — was the country’s top market for both vehicle types in 2023, with around 57,000 new EVs and 20,000 PHEV s sold, according to Statistics Canada.

The budget, announced Tuesday, cites a “maturing” EV market as a reason for ending the program, noting that in the third quarter of 2023, more than 20 per cent of new vehicles sold in the province were electric. “Consumers have shown growing interest in these vehicles, which are becoming more appealing to purchase due to market development, technology and the progressive narrowing of the cost gap with gas-powered vehicles,” the budget stated

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Quebec EV PHEV Rebates Budget Market Sales

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta power market headed for shakeup as province commits to restructuring by 2027Alberta power market headed for shakeup as province commits to restructuring by 2027CALGARY — Alberta's electricity market is headed for a major shakeup, but some industry players fear a lengthy period of uncertainty could scare away badly needed investment in power generation.
Read more »

Delta CEO Expects Boeing 737 Max 10 May Be Delayed Until 2027Delta CEO Expects Boeing 737 Max 10 May Be Delayed Until 2027Delta Air Lines Inc. expects deliveries of its Boeing Co. 737 Max 10 aircraft could be pushed out to as late as 2027 as the troubled planemaker undergoes federal safety and criminal reviews.
Read more »

Ottawa pledges $58.8-million to continue local journalism program to 2027Ottawa pledges $58.8-million to continue local journalism program to 2027The program, which provides funding for news organizations to hire local reporters, was first established in 2019
Read more »

EVs will be cheaper to produce than gas-powered vehicles by 2027, research showsEVs will be cheaper to produce than gas-powered vehicles by 2027, research showsBattery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.
Read more »

Small businesses owed $300 million in stalled carbon tax rebates, CFIB saysSmall businesses owed $300 million in stalled carbon tax rebates, CFIB saysThe CFIB is bringing attention to billions in carbon tax rebates that have yet to be distributed back to small and medium-sized businesses across Canada by the federal government.
Read more »



Render Time: 2025-02-16 11:33:39