Open
Electric Vehicle Incentive
Financial incentive for electric and plug-in hybrid vehicle purchases
Last Update: March 4, 2026
Funding available
$ 4,000
Timeline
- Open continuously
Location
Prince Edward Island, Canada
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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental 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
Next Steps
1
Determine your project
2
Validate your eligibility
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.
Eligibility
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
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
Frequently Asked Questions about the Electric Vehicle Incentive Program
Here are answers to the most common questions about the Electric Vehicle Incentive. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Electric Vehicle Incentive?
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.
How much funding can be received?
Electric Vehicle Incentive Funds up to $4,000 of admissible expenses.
Who is eligible for the Electric Vehicle Incentive program?
To be eligible for the Electric Vehicle Incentive program, you must:
Organizations and private businesses can access up to five incentives per year.
Fleet vehicles are eligible.
What expenses are eligible under Electric Vehicle Incentive?
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.
Who can I contact for more information about the Electric Vehicle Incentive?
You can contact Government of Prince Edward Island (PEI) by email at EVIncentive@gov.pe.ca.
Where is the Electric Vehicle Incentive available?
The Electric Vehicle Incentive program is available the province of Prince Edward Island.
Is the Electric Vehicle Incentive a grant, loan, or tax credit?
Electric Vehicle Incentive is a Grant and Funding