Gradual end to EV purchase subsidies in Quebec | Car News

Big news for the auto industry from Quebec yesterday as the province’s government unveiled its 2024 budget. Finance Minister Éric Girard announced the gradual end of subsidies for the purchase of electric vehicles.

"You have to realize that the incentive was based on the difference between the price of electric cars and gasoline-powered cars; this difference has dropped significantly over time and a federal tax credit has been added," said Éric Girard. It should be noted that the $600 Quebec discount offered on the purchase of a home charging station will continue to be available. That discount is $5,000 for workplaces and large apartment buildings.

2024 Volvo XC-40 recharge Photo: D.Boshouwers According to the government, the electric vehicle market is now capable of maintaining its pace without the help of subsidies. Last year, just over one in five new vehicles sold in Quebec was electric.

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