3 KIA Vehicles That Qualify for the Upcoming iZEV Program

By: Western Kia   |   17 Apr 2019
KIA IZEV ZERO EMISSION VEHICLE REBATE PROGRAM

Kia Models that Qualify for the Federal Government Electric Vehicle Rebate Incentive

There's been a bit of buzz around the upcoming iZEV (Zero-Emissions Vehicle Program). It was recently announced that the Government of Canada would offer buyers an incentive of up to $5,000 for purchasing a new vehicle with innovative zero (or near-zero) emissions platforms. There's also an incentive for much more generous tax write-off terms for business owners. It's important to note that the incentive varies depending on the terms of purchase or lease you choose. We'll explain how rebates work for each model below but the maximum incentive is available for vehicles with a battery over 15kWh and purchased or lease on a 48 month+ term. If you choose a shorter term lease, the discount is reduced. 

We've just received the details on what vehicles will qualify for the rebate and we're pleased that three Kia vehicles are on the list: 

1. Optima PHEV

2019 Optima PHEV Electric Vehicle Rebate

2017, 2018 and 2019 Models of the Optima PHEV qualify for a maximum rebate of $2,500. 

 

Optima PHEV Rebate Tiers

 

Ownership Terms

Incentive Amount

Finance or 48 Month+ Lease

$2,500

36 Month Lease

$1,875

24 Month Lease

$1,250

12 Month Lease

$625

 

 

2. 2019 / 2020 Niro EV

2019 and 2020 Niro EV models in the EX and SX Touring qualify for a maximum rebate of $5,000. 

2019 and 2020 Niro EV

 

Niro EV Rebate Tiers

 

Ownership Terms

Incentive Amount

Finance or 48 Month+ Lease

$5,000

36 Month Lease

$3,750

24 Month Lease

$2,500

12 Month Lease

$1,250

An Illustration of the Effect on your Payment

As of April 2019 the current MSRP and residual values mean that a 48-month lease payment on the Niro EV EX Premium is about $555 per month. If the incentive was in place, the payment would drop to about $438. That's pretty amazing!

3. 2019 / 2020 Kia Soul EV

2019 and 2020 Soul EV models in the EV Premium and Limited trim levels qualify for a maximum rebate of $5,000. 

2019 and 2020 Soul EV Rebate

Soul EV Rebate Tiers

 

Ownership Terms

Incentive Amount

Finance or 48 Month+ Lease

$5,000

36 Month Lease

$3,750

24 Month Lease

$2,500

12 Month Lease

$1,250

 

As of the writing of this article, these rebates are to go in place May 1, 2019. Contact one of our Product Advisors to arrange yours today. Currently, this stock is special order only so please get in touch with us if you're interested. 

 

Disclaimer: This information is accurate and correct as of the writing of this article. Rebate figures and program terms have been taken from http://www.tc.gc.ca/en/services/road/innovative-technologies/list-eligible-vehicles-under-izev-program.html. Subject to change. Please visit this link for the most up to date program information and list of eligible vehicles. 

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