Your Guide to NEW Federal EV Rebates

Electric Vehicle Affordability Program Explained

Your Guide to NEW Federal EV Rebates

There has never been a more exciting time to consider making the switch to electric. At Ajax Hyundai, we are thrilled to share some fantastic news that makes owning a world-class Hyundai EV more affordable than ever.

The Government of Canada has officially launched a new Electric Vehicle Affordability Program (EVAP). Starting February 16, 2026, the initiative replaces previous programs and is intended to help Canadians transition to zero-emission driving with significant point-of-sale incentives.

Here is everything you need to know about how our team at Ajax Hyundai can help you save thousands on your next vehicle.

What is the Electric Vehicle Affordability Program (EVAP)?

The EVAP is a federal program designed to put more electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) in driveways across Ontario. The best part? You don’t have to wait for a tax credit—our team applies the incentive directly at the point of sale, reducing your cost immediately!

  • Up to $5,000 off for eligible Battery-Electric (BEV) and Hydrogen Fuel Cell vehicles.
  • Up to $2,500 off for eligible Plug-in Hybrid Electric Vehicles (PHEV).

How Do You Qualify?

To ensure these incentives reach the drivers who need them most, the program focuses on "affordable" electric options. Here are the key criteria to keep in mind:

  • The $50,000 Rule: For imported vehicles, the final transaction value must be $50,000 or less. This value includes the base price, trim, dealer fees, and accessories, but excludes taxes, freight/PDI, and winter tire packages.
  • Canadian-Made Advantage: If an EV is manufactured right here in Canada, there is no price cap!
  • New Vehicles Only: The rebate applies to new vehicles or "demonstrator" models with fewer than 10,000 km.
  • Flexible Terms: Whether you prefer to buy or lease, you’re covered. For leases, the incentive is prorated based on the length of your term (with the full amount available for 48-month leases).

Why Buy Your EV at Ajax Hyundai?

Located conveniently at 170 Westney Road South, right next to the Ajax GO Station, our dealership is your local hub for all things Hyundai. We know the Durham Region, and we know our electric vehicles.

  • Expert Guidance: Our team stays up-to-the-minute on the official EVAP vehicle list to ensure you get every dollar you're entitled to.
  • Seamless Process: We handle all the paperwork. From the Consumer Consent Form to the final Eligibility Assessment with Transport Canada, we make it easy.
  • The Best Selection: From the award-winning IONIQ 5 to the versatile Tucson PHEV, we'll help you find the model that fits both your lifestyle and the rebate criteria.

Act Early to Save More!

It is important to note that the EVAP incentives are designed to gradually decrease over the next five years. By choosing to go electric in 2026, you are locking in the highest possible rebate amount before the program scales down toward 2030.

Visit Our Team Today

Ready to see how much you can save? Our showroom is open and our team of EV specialists is ready to answer your questions.

Give us a call at 905-427-0111 or stop by Ajax Hyundai to take a test drive. Let’s get you behind the wheel of a cleaner, more affordable future!

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