EV Rebates & Grants for Businesses in BC

Electric vehicles are all the rage these days, and everyday businesses are seeing the endless benefits of incorporating them into their fleet of commercial vehicles. Not to mention, the current financial rebates are a good incentive to take the plunge sooner rather than later. In fact, with rebates of up to $3000, leasing an electric vehicle can end up paying for itself! Let’s take a deeper dive into some of these rebates that might be available to you and your business.

B.C.’s EV Rebates

Residents, businesses, non-profit organizations and local government organizations leasing or buying a new electric vehicle in B.C. are eligible for up to $3,000 off the after-tax vehicle price, thanks to the government of B.C.'s CleanBC Go Electric program. The BC Ministry of Energy and Mines has established incentive amounts based on vehicle type and battery capacity.

Here's the breakdown of the incentive amounts for the purchase or lease of each vehicle type:

• $3,000 for the purchase or lease of a new battery electric vehicle (BEV/EV).
• $1,500 for the purchase or lease of a new plug-in hybrid electric vehicle (PHEV).
• $3,000 for the purchase or lease of a hydrogen fuel-cell vehicle (FCEV).

B.C. drivers can also take advantage of three incentives to support the purchase of electric vehicles.

• Federal iZEV incentive, up to $5,000. New vehicles only. Point of sale, so you don’t need to apply.
• Provincial CleanBC Go Electric Rebate, up to $3,000. New vehicles only. Point of sale, so you don’t need to apply.
• BC SCRAP-IT, up to $500. New and used vehicles. Application process and scrap vehicle required.

Plus, electric vehicles benefit from a higher luxury surcharge tax threshold (additional tax is applied on vehicles priced at $75,000 instead of $55,000) and used EVs are exempt from PST. Best of all? These incentives can all be combined for big savings!

Benefits of Having EVs in Your Fleet

From construction businesses to HVAC companies, including electric vehicles in your fleet opens up your business to a world of benefits as well as opportunities to streamline your operations. EVs allow businesses to raise their revenues considerably not only through selling more electric power and infrastructure but also by providing services that support the charging of EVs. While these cars might have a higher price tag, their superior efficiency, moderate price of electricity, and frequent use on the job, not to mention the rebates available, allow businesses to recoup the upfront costs fairly easily.

Build Your EV Fleet With Zeemac

Here at Zeemac, we’re happy to move forward into a greener, more sustainable future while helping businesses thrive in the process. When it comes to taking advantage of EV rebates and incentives, our dealership will handle all the paperwork for you and make sure you meet the right criteria. If you purchase an eligible vehicle, you'll receive the rebate at the point of sale.

For more questions about EV vehicles and the incentives and rebates available to you, don’t hesitate to contact us! Our team is on standby to help you build the commercial fleet that’s right for you and your business.