Universal Electric Vehicle (UEV) Incentive

Amount:

$5.000

Type of Program:

Grants

Description:

The Prince Edward Island Universal EV (UEV) Incentive Program is intended to encourage and accelerate clean energy vehicle deployment and technology innovation within Prince Edward Island. The program provides incentives for Islanders who purchase (a new or used) or lease (a new) Battery Electric Vehicle (BEV) or a Plug-in Hybrid Electric Vehicle (PHEV) from a Licensed Island Dealership.

Comments on Funding:

Funding is an incentive of $5,000 to Islanders who purchase a new or used EV. Government will also offer $2,500 to those who buy a plug-in hybrid from April 1, 2021 onwards.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

To qualify for an incentive, vehicles must meet the following requirements:

For new vehicles - Eligible vehicles must qualify for the Transport Canada iZEV program (Incentive amounts may differ from the federal program.
For used vehicles - Vehicles must have a sticker price of $55,000 or less and must not be older than 7 model years old. For example, Vehicles purchased in 2022 must be 2015 and newer, vehicles purchased in 2023 must be 2016 and newer.
Islanders who purchase an EV/PHEV at an Island dealership will be able to access the EV Universal Incentive. Off Island, online and private sales will not qualify for incentives at this time.
Organizations, non-profits and private businesses will only be able to access up to five incentives per year, including First Nations, Indigenous Groups and organizations that support Indigenous Peoples and Municipalities.

Application Steps:

No need to apply, incentives will be administered at point-of-sale, applied directly on the bill of sale or lease agreement.

Documentation Needed:

The following documents must be filled out accurately and submitted to Access PEI or uploaded to the UEV Incentive webpage in a timely manner:

1
Proof that each sale / lease of an eligible UEV Incentive Program was made to a PEI resident (or PEI business operating in PEI with a valid business license or to a public agency in PEI);
2
A copy of the sales or lease contract signed by all parties with an itemization of credits,
disounts, and incentives received, if applicable.
3
Copy of PEI drivers license and copy of vehicle registration;
4
An EV Incentive Application signed by the purchaser/lessee and dealership.

Other Things to Note:

Published date: December 1, 2022 – Source 1.
A list of eligible new vehicles can be found on Transport Canada's website – Source 2.

Program Contact:

Electric Vehicle Incentive | Government of Prince Edward Island

Eligible vehicles

PEI Business Registry: Plain English Guide for Prince Edward Island Entrepreneurs

Major Industries in Prince Edward Island: Overview of 8 Top Industries

Aboriginal Business Financing Program (ABFP)

Jobs and Growth Fund (JGF)