The Alberta EV Rebate: Does Toyota Qualify?
The Alberta EV Rebate: Does Toyota Qualify?
Posted on April 15, 2024
More Albertans are getting electric vehicles, but are not aware they could qualify for an Alberta Electric Vehicle (EV) Rebate… earning as much as $5,000 per electric vehicle!
Canada is pushing forward with environmental policy changes and electric vehicles stand to benefit from one of these policies. This blog post will help you understand your Alberta EV rebate options. Similarly, we'll compare your options to other provinces, and your eco-friendly vehicle choices at West Edmonton Mall Toyota.
Jump in and take an EV ride with us!
The 2024 Toyota RAV4 Prime.
Learn more about Toyota’s hybrid and hydrogen-cell electric vehicles here.
Canada’s Federal iZEV Program
The federal government runs an electric vehicle (EV) incentive program called iZEV, standing for Incentives for Zero-Emission Vehicles. Available Canada-wide, this program offers incentives to individuals wanting to purchase eligible electric or low-emission vehicles.
The iZEV program can offer up to a maximum of $5,000 per qualifying vehicle, with some terms and conditions that apply. (One of these is that individual Canadians are only eligible for one incentive per calendar year!)
How Do I Qualify for This Alberta EV Rebate?
To qualify for the iZEV discount, purchase a brand-new, qualifying zero-emission vehicle from a participating dealership.
What is a zero-emission vehicle (ZEV)?
Any vehicle with the potential to produce zero tailpipe emissions, such as:
- Fuel cell electric vehicles (FCEV)
- Plug-in hybrid electric vehicles (PHEV)
- Battery electric vehicles (BEV)
An example of each of these zero-emission vehicles would be:
- FCEV: The Toyota Mirai
- PHEV: The Toyota Prius Prime or the Toyota RAV4 Prime
- BEV: The Toyota bZ4X
Want to know which vehicles qualify for this incentive? Transport Canada provides a current list here.
How Does The Alberta EV Rebate Work?
Once your eligibility has been confirmed, an enrolled dealership can apply your incentive to your new electric vehicle at the point of sale.
Step One: Complete the Consumer Consent Form
This is part of the eligibility verification process.
Step Two: Complete the Incentive Received Form
Complete this form once your eligibility has been confirmed. Your incentive will then directly appear on the bill of sale or lease agreement.
Step Three: The Dealership Will Submit the Documentation
Our team at West Edmonton Mall Toyota will submit all documentation required to be reimbursed.
Here are a few important things to remember when claiming this EV rebate:
- The dealership must apply taxes or fees before applying the incentive.
- You are not required to make a deposit to receive the incentive.
- The incentive should appear directly on your bill of sale or lease agreement, and not arrive later or delayed.
Want to learn more about Canada’s iZEV program? Click here.
Canada’s Federal iMHZEV Program
The Canadian government also runs an incentive program for Medium- and Heavy-Duty Zero-Emission Vehicles (iMHZEV). This is to encourage Canadian businesses to purchase larger electric vehicles!
Businesses can receive up to 10 incentives per calendar year, with benefits ranging from $10,000 to $200,000 per vehicle.
If you are a Canadian business owner looking to benefit, you can learn more from Transport Canada here.
The Alberta EV Rebate
While many provinces in Canada offer provincial EV rebates, Alberta is not one of them. So what is available to you?
The Federal iZEV program can greatly assist in purchasing vehicles with higher up-front costs. Keep reading to see what else is available to Albertan drivers.
Read: The Latest in Hybrid Technology: Exploring Toyota's 2024 Lineup
Utility Provider Incentives
FortisAlberta, an Albertan electricity service provider, has joined forces with Optiwatt for the EV Smart Charging Pilot program. Therefore FortisAlberta customers can sign up for this pilot program through Optiwatt. It's a free app that uses your utility plan and electricity rates to determine the cheapest possible times to charge.
What can you gain?
Not only can you save money by using Optiwatt’s algorithm, but they are also offering $150 in rewards for joining the pilot program.
Learn more about the EV Smart Charging Pilot program here.
Toyota Vehicles That Qualify for the Alberta EV Rebate
Moreover, Toyota has some great vehicles that qualify as zero-emission electric vehicles for the federal iZEV program.
So, let’s take a peek!
Toyota bZ4X
The bZ4X is one of the newest models to come off the Toyota production line. It qualifies as a battery electric vehicle (BEV)! This zero-emissions electric SUV delivers an exhilarating ride in available Front and All-Wheel-Drive models.
The 2024 Toyota bZ4X has three trims that qualify for the rebate: LE, XLE, and XLE Tech Package. Similarly, the 2023 Toyota bZ4X has four trims that qualify: L FWD, LE FWD, XLE AWD, and XLE AWD Tech Package.
While the bZ4X is currently unavailable in Alberta, you can read more about it on the Toyota Canada website here.
Toyota RAV4 Prime
Likewise, the Toyota RAV4 Prime qualifies as a plugin hybrid electric vehicle (PHEV), with all new models from 2021-2024 qualifying for the rebate.
The RAV4 is undeniably Toyota’s best-selling vehicle… and now there’s a plug-in hybrid version. The RAV4 Prime has 302 net horsepower, cutting-edge technology, and the ability to deliver a total combined driving range of 979 kilometres (with a full tank and electric charge).
Check out the popular RAV4s here!
Toyota Prius Prime
The Toyota Prius Prime qualifies as a plugin hybrid electric vehicle (PHEV), just like the RAV4 Prime. The Prius Prime models that are eligible for the rebate include all new models from 2018 to 2024!
This electric sedan has a fifth-generation hybrid powertrain and a lithium-ion battery pack. The battery pack increases the EV range by more than 50% over previous generations, up to 72km!
Toyota Mirai
The Toyota Mirai qualifies as a hydrogen fuel cell electric vehicle (FCEV). This is the second generation of the revolutionary hydrogen fuel cell electric vehicle. A single tank of hydrogen can give you a range of up to 647 kilometres!
This coupe-inspired vehicle has three models that qualify for the rebate, the 2022, 2023, and 2024. However, limited inventory and availability are only in British Columbia and Quebec. Read more about this incredible vehicle here.
Get Your Alberta EV Rebate Today
Visit our team at West Edmonton Mall Toyota (Entrance 24). We have the most convenient dealership hours in Edmonton and are open late every day of the week to serve you.
Follow us on Instagram to stay up to date!
Are you an Edmonton driver interested in an electric vehicle? Read: “Demystifying Electric Vehicles For Edmonton Drivers”