Ontario EV Incentives and Rebates 2026: What Is Actually Available

Let us get the bad news out of the way first: Ontario does not have a provincial EV rebate. The one that existed from 2010 to 2018 is long gone and nothing has replaced it. If you see a website claiming Ontario gives you money to buy an EV, it is outdated.

Now the good news: there is federal money available, and it applies whether you live in Toronto, Timmins, or anywhere in between. Here is exactly what you can claim in 2026.

Federal iZEV program — new EVs only

The federal government runs the Incentives for Zero-Emission Vehicles program. It pays up to $5,000 toward the purchase or 48-month lease of a qualifying new battery-electric, plug-in hybrid, or hydrogen fuel cell vehicle.

The amount depends on the car and which province you register in:

• Battery-electric vehicles with an MSRP under $55,000: $5,000
• Larger BEVs (SUVs, trucks) under $60,000: $5,000
• Plug-in hybrids with electric range of 50+ km: $5,000
• Plug-in hybrids with electric range under 50 km: $2,500

The cap matters. A base Model 3 RWD qualifies. A Model Y Long Range does not — the MSRP exceeds the threshold. Check the Transport Canada eligibility list before you commit to a car. The dealer should handle the paperwork, but you want to confirm the rebate before signing.

Used EVs — the federal credit you probably did not know about

As of 2025, the federal government introduced a used EV incentive through a different program. If you buy a used fully electric or plug-in hybrid vehicle from a licensed dealer, you may qualify for up to $2,500.

The conditions:

• The vehicle must be at least 4 model years old (2022 or earlier in 2026)
• Purchase price must be under $40,000
• You must be the first owner to claim the used EV credit for that VIN
• You keep the vehicle registered in your name for at least 12 months
• Only available through licensed dealers — not private sales

At Planet Motors we flag every EV in our inventory that qualifies for this credit and include the estimated amount right on the listing. A 2020 Model 3 Standard Range at $33,995 plus $2,500 back from the federal government brings your effective price to $31,495. That is real money.

Scrappage program — retire your old gas car

The federal government also runs a scrappage program that pays you to retire an old internal combustion vehicle when you switch to an EV. The amount is up to $1,000, and the old vehicle must be 2009 or older, registered and insured in your name for at least 6 months, and scrapped through an approved facility.

Combined: buy a qualifying used EV, claim the federal $2,500 used credit, and scrap your old beater for another $1,000. That is $3,500 off your purchase, stacking.

What Ontario does not offer (and likely will not soon)

No provincial purchase rebate. No HST exemption on EVs. No special EV electricity rate for home charging (unlike Quebec and BC). No high-occupancy lane access for EVs anymore — Ontario cancelled that in 2022.

Your savings as an Ontario EV owner come from operating costs: electricity is about 1/4 the cost of gasoline per kilometre, and regenerative braking means brake pads last 100,000+ km. No oil changes, no transmission fluid, no spark plugs. Over 5 years that adds up to more than any rebate.