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Feds Announce New ZEV Incentive

Autosphere » Fleet » Feds Announce New ZEV Incentive
Prime Minister Trudeau spoke at the Prospectors & Developers Association of Canada convention in Toronto (Photo: Government of Canada)

New program aims to promote investment in cleaner off-road vehicles and technologies.

Speaking at the global mineral exploration and mining convention hosted by the Prospectors & Developers Association of Canada, the Prime Minister, Justin Trudeau, announced that the government intends to propose a new incentive that would make it more affordable for Canadian businesses to invest in zero-emission vehicles and automotive equipment.

“We are supporting businesses that are making investments today to help protect our environment for future generations,” Trudeau said. “By making it more affordable for Canadian businesses to make the switch to zero-emission technologies, we can help accelerate our transition to a low-carbon, clean-growth economy and create good middle-class jobs.”

The Government intends to extend the existing zero emission vehicle incentive to include off-road vehicles, providing a 100% write-off of the purchase cost of eligible zero-emission vehicles and automotive equipment in the year they are put in use.

The hope is that this new incentive will encourage businesses in sectors like mining, transportation, and agriculture, to upgrade to newer, cleaner technologies.

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