Prince Edward Island: The Best Province to Buy an EV?
PEI offers $5,000 rebate with NO price limit. For luxury EV buyers, it's the ideal destination.
NextGreenPath
EV Expert
Prince Edward Island: The Best Province to Buy an EV?
Surprise! Canada's smallest province may offer the best EV incentive program in the country.
What Makes PEI Unique
No MSRP Limit!
Unlike all other provinces, PEI imposes no price limit. This means:
| Vehicle | MSRP | PEI Rebate | Rebate Elsewhere |
|---|---|---|---|
| Tesla Model 3 | $54,990 | $5,000 | $4,000 (QC) |
| Tesla Model S | $124,990 | $5,000 | $0 |
| Porsche Taycan | $124,000 | $5,000 | $0 |
| Lucid Air | $105,000 | $5,000 | $0 |
| BMW i7 | $139,000 | $5,000 | $0 |
For luxury EV buyers, PEI is the only option to get a rebate!
The Amounts
| Type | Rebate |
|---|---|
| New EV | $5,000 |
| Used EV | $3,500 |
| New PHEV | $2,500 |
| Charging station | $500 |
Eligibility Requirements
Is It Worth the Trip?
Scenario: Buying a Tesla Model S
Let's compare buying in PEI vs Ontario:
| Item | PEI | Ontario |
|---|---|---|
| Price | $124,990 | $124,990 |
| HST (15% / 13%) | $18,749 | $16,249 |
| Provincial rebate | -$5,000 | $0 |
| Total | $138,739 | $141,239 |
| Savings | $2,500 | — |
Despite the higher HST, you save $2,500!
For a Model 3?
| Item | PEI | Quebec |
|---|---|---|
| Price | $54,990 | $54,990 |
| Taxes | $8,249 | $8,200 |
| Provincial rebate | -$5,000 | -$4,000 |
| Total | $58,239 | $59,190 |
| Savings | $951 | — |
The advantage is smaller for less expensive vehicles, but PEI still wins!
PEI's Charging Network
The island is small (280 km long), so range isn't an issue:
An EV with 400 km range can cross the island 1.5 times on a single charge!
How to Take Advantage of the Program
Practical Considerations
Do I Really Need to Live in PEI?
Yes, you must be a resident. However, if you're near the border (New Brunswick, Nova Scotia), relocating might be worth it for the savings!
What If I Move After?
You must keep the vehicle registered in PEI for at least 12 months.
PEI proves that being small doesn't prevent thinking big about electrification!
Ready to Calculate Your Savings?
Use our free calculator to see exactly how much you could save over 10 years by switching to electric.
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