iZEV and iMHZEV incentives for purchasing or leasing Ford EVs
To promote the use of zero-emission vehicles (ZEVs) among Canadian individuals and businesses, the Canadian government introduced the Incentives for Zero-Emission Vehicles (iZEV) Program in May 2019. Below is information on incentives for light- and medium-duty EVs. We can help you find an alternative-fuel vehicle here at Sherwood Ford in Sherwood Park, AB.
Light duty zero-emission 2023 Ford vehicles eligible for iZEV
Recent model year Ford vehicles are among the eligible models covered by the Incentives for Zero-Emission Vehicles (iZEV) Program in Canada. Consumers who purchase or lease a new Ford electric vehicle, such as the Mustang Mach-E, are entitled to receive iZEV Program incentives of up to $5,000. The following 2023 models are included:
- 2023 Ford Escape PHEV
- 2023 Ford Mustang Mach E Select RWD Standard Range
- 2023 Ford Mustang Mach E Select eAWD Standard Range
How big is the government-given incentive for leasing an electric vehicle?
Under the Incentives for Zero-Emission Vehicles (iZEV) Program in Canada, the full incentive amount of up to $5,000 is available to consumers who purchase or lease eligible zero-emission vehicles for 48 months or longer. However, for shorter leases of 12 to 47 months, the incentive amount is prorated based on the length of the lease. For example, a 24-month lease would qualify for half of the full incentive amount, as seen in the chart below.
|
Purchase or lease type |
Incentive amount |
|
Purchase or 48-month lease |
$5,000 |
|
12-month lease |
$1,250 |
|
24-month lease |
$2,500 |
|
36-month lease |
$3,750 |
Medium and heavy-duty zero-emission 2023 Ford vehicles eligible for iMHZEV
The Canadian government has revealed a funding commitment of $547.5M for the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles (iMHZEV) Program, which will be available over a period of four years or until the funds are depleted. The program is designed to encourage the adoption of zero-emission vehicles by offering incentives to businesses. The initiative is a part of Canada’s plan to reduce greenhouse gas emissions and meet its climate change targets. 2023 Ford models include the following:
- 2023 Ford E-Transit T350 Mid Roof, 130-inch WB
- 2023 Ford E-Transit T350 Mid Roof, 148-inch WB
- 2023 Ford E-Transit T350 High Roof, 148-inch WB
- 2023 Ford E-Transit T350 Cutaway
How much can my business save by purchasing an electric cargo van?
Under the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles (iMHZEV) Program in Canada, businesses can receive incentives of up to $10,000 for the purchase or 48-month lease of eligible medium- and heavy-duty zero-emission vehicles. You can view other amounts in the chart below.
|
Purchase or lease type |
Incentive amount |
|
Purchase or 48-month lease |
$10,000 |
|
12-month lease |
$2,500 |
|
24-month lease |
$5,000 |
|
36-month lease |
$7,500 |
