There’s never been a better time to purchase or lease a Toyota electric or plug-in hybrid vehicle, with the Electric Vehicle Affordability Program (EVAP) recently announced by the Canadian federal government. This program is designed to encourage Canadians to buy or lease more affordable electric vehicles by offering incentives on transactions with a final value of $50,000 or less, with incentives of up to $5,000 for battery-electric and fuel cell electric vehicles, and up to $2,500 for plug-in hybrid vehicles. To take full advantage of the program, read on with our team at Squamish Toyota as we walk you through which Toyota models qualify, how much you could save, and let us take care of the claim on your behalf.
Below is a full breakdown of what you need to qualify for the EVAP rebate:
The rebate amount you receive through EVAP can vary depending on the type of vehicle you choose, whether you decide to purchase, finance, or lease. In general, fully electric vehicles qualify for the highest incentives, while plug-in hybrids receive a slightly lower amount. The structure of your lease or purchase can also be a factor. To get a clearer idea of how much you could save, check out the table below:
| EVAP Rebate Amount | ||||
| Vehicle Type | Incentive for Purchase or 48 month Lease | Incentive for 36 month Lease | Incentive for 24 month Lease | Incentive for 12 month Lease |
| EV | $5,000 | $3,750 | $2,500 | $1,250 |
| PHEV | $2,500 | $1,875 | $1,250 | $625 |
Below are Toyota electric and plug-in hybrid models that qualify for EVAP rebates. Please also note that availability and eligibility can vary based on trim level, pricing, and how the vehicle is configured, so it’s always a good idea to confirm details with our team at Squamish Toyota.
No, you don’t have to handle everything on your own. At Squamish Toyota, we can guide you through the process and help submit the necessary information on your behalf.
Yes, in many cases EVAP can be combined with other available incentives, depending on eligibility and program rules.
Generally, EVAP is only designed for new vehicles, but certain demonstrator vehicles (with under 10,000 km) may qualify if they meet the program requirements.
You can receive up to $5,000 for battery-electric and fuel cell vehicles, and up to $2,500 for plug-in hybrid vehicles, depending on purchase or leasing term.
EVAP focuses more on affordability, with a price cap of $50,000 for most vehicles and a structured incentive system that adjusts over time, unlike previous programs that were more broadly applied.
EVAP runs from March 31, 2026 to March 31, 2031, unless funding runs out sooner. Eligible purchases and leases must start on or after February 16, 2026 to qualify.
No, the rebate applies whether you purchase, finance, or lease an eligible vehicle, as long as all program requirements are met.
Multiple rebates are not typically allowed for the same buyer at the same time. However, each case can vary, so it’s best to confirm with our team at Squamish Toyota.
With incentives set to decrease over the program’s five-year lifespan, now is a great time to receive up to $5,000 on EVs or up to $2,500 on PHEVs, regardless of whether you lease or purchase. And when you purchase or lease your eligible Toyota here at Squamish Toyota, we take care of the rebate application on your behalf to make sure you get the rebate you qualify for, so there is no need for you to submit a claim or deal with any extra paperwork. Now it’s your turn to check out our EV and PHEV inventory online, book a test drive, and drive one off from our lot today. If you have any questions, simply give us a call at 604-567-8888 or fill out the form below.