EV

ZEVs qualifying for federal rebate surged to all-time monthly high in March

Tesla Model 3 Tokyo 2022 BB.jpg
Following its high-profile pricing cut Jan. 12 that requalified the Model 3 for the iZEV program, Tesla distanced itself from the pack in March with 2,695 eligible deliveries. (BLOOMBERG)
May 04, 2023 02:54 PM
IZEV PROGRAM AT A GLANCE

The iZEV program provides a $5,000 rebate for BEVs, as well as PHEVs with electric range greater than 49 kilometres. PHEVs with less electric range qualify for $2,500.

The same eligibility criteria applies to both categories. Zero-emission passenger cars starting at less than $55,000, and higher-cost variants up to $65,000 qualify for the incentives. Larger vehicles such as pickups, minivans and SUVs must have a base price of less than $60,000, and higher-cost variants must start at less than $70,000. Higher-cost trim levels are not eligible.

Shipments of battery-electric and plug-in hybrid vehicles eligible for the federal incentives for Zero-Emission Vehicles (iZEV) program swelled to an all-time high in March.

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