Quebec to phase out EV and PHEV rebates by 2027

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 PHEVs 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

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EVs 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.
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