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Electric Vehicle Incentive
Last Update: March 4, 2026
Prince Edward Island, Canada
Financial incentive for electric and plug-in hybrid vehicle purchases
Grant and Funding
Overview
The Electric Vehicle Incentive offered by the Government of Prince Edward Island provides up to $4,000 in rebates for eligible electric vehicles and up to $2,000 for plug-in hybrid electric vehicles. The program supports the purchase or lease of new and used battery electric and plug-in hybrid vehicles to encourage eco-friendly transportation.
At a glance
Funding available
Financing goals
- Reduce the ecological footprint
Eligible Funding
- Maximum amount : 4,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Retail trade
- Transportation and warehousing
- Other services (except public administration)
- Public administration
Location
- Prince Edward Island
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Rural or Northern Residents
- Canadians
- Startups
Non-profit candidates
Sector of operation
- Environment
- Economic, Social and Community Development
- Business Associations
Target groups
- General public
- Indigenous peoples
- Rural / Remote communities
- Business owners / entrepreneurs
- Nonprofits / charities
Revenue structures
- All structures
Scope
- Municipal
- Provincial
Activities funded
- Purchase of new battery electric vehicles (BEVs) for individual or organizational use.
- Purchase of new plug-in hybrid electric vehicles (PHEVs) for individual or organizational use.
- Purchase of used battery electric vehicles (BEVs) or plug-in hybrid electric vehicles (PHEVs) that meet the program's requirements.
- Leasing of new battery electric vehicles (BEVs) or plug-in hybrid electric vehicles (PHEVs) for personal, business, nonprofit, municipal, or Indigenous organizational fleets.
Examples of admissible projects:
$ 50,000
Expanding youth arts workshop with new multimedia equipment
$ 120,000
Expanding local craft brewery with new canning line investment
$ 99,000
Launching a solar panel installation service for local homeowners
$ 60,000
Upgrading digital booking systems for artisan bakery operations
$ 67,000
Implementing accessible washrooms at popular local community centre
$ 93,000
Modernizing meat processing with automated packaging technology
Eligibility
- The applicant must be a business, non-profit organization, Indigenous group, First Nations organization, or municipality operating in Prince Edward Island.
- Eligible organizations may access up to five incentives per year.
- The business must purchase an eligible new or used battery electric or plug-in hybrid electric vehicle through a licensed dealership (Island or off-Island) or online.
- Fleet vehicles purchased by businesses are eligible.
Who is eligible?
- Organizations
- Non-profit organizations
- Private businesses
- First Nations and Indigenous Groups
- Municipalities
Who is not eligible
- Private sales are not eligible for incentives.
- Companies or individuals purchasing Tesla vehicles as of March 25, 2025 are not eligible.
Eligible expenses
- Purchase or lease of eligible new or used battery electric vehicles (BEVs) or plug-in hybrid electric vehicles (PHEVs).
Eligible geographic areas
- Prince Edward Island
How to apply
1
Confirm vehicle and rebate eligibility
- Determine if you are purchasing from a PEI dealership or from an off-Island dealership
- Review applicable rebate amounts based on your vehicle and date of purchase
- Check that your vehicle meets Transport Canada’s eligibility requirements
2
Arrange purchase and apply rebate
- If buying from a PEI dealership, visit the dealership to arrange your purchase
- The dealership provides the point-of-sale rebate directly on your bill
- If buying from an off-Island dealership, register your vehicle in PEI before applying
3
Prepare necessary documents
- Bring the bill of sale or lease agreement from a licensed dealership
- Present a valid PEI driver’s license
- Provide a payee registration form and a void cheque for direct deposit (form available at Access PEI)
4
Complete application form
- Complete the application form for the rebate
- You may fill it out in advance or complete it at Access PEI during vehicle registration
- Ask Access PEI staff for assistance if needed
5
Submit your application
- Submit the completed application form and all supporting documents at the Access PEI location
- The rebate application will then be processed for approval
Additional information
- Incentive amounts differ depending on the purchase date, with updated rebate values applying as of June 2, 2025.
- Rebates are administered as point-of-sale reductions at PEI dealerships, while off-island purchases require applicants to register and apply at Access PEI locations.
- A prorated repayment of the incentive is required if the vehicle is sold within one year of purchase.
- Each vehicle is eligible for one new and one used EV Incentive, tracked by VIN.
Contacts
EVIncentive@gov.pe.ca
