Canada Announces $2.3 Billion EV Affordability Program and $1.5 Billion Investment in EV Infrastructure

On February 5, 2026, Canadian Prime Minister Mark Carney announced a number of initiatives aimed at the Canadian automotive sector. Below, we outline the impact of these changes on Canadian electric vehicle (EV) policy.

The new government measures impact Canadian EV policy as follows:

The introduction of new fuel emission standards
A new $2.3 billion rebate program for EV purchases, and
A new $1.5 billion investment in EV infrastructure across Canada.

Learn about these initiatives below.

New fuel emissions standard

The new initiative replaces Canada’s Electric Vehicle Availability Standard, which was introduced in December 2023, and targeted 100% EV adoption in Canada by 2035. This new initiative changed the target to achieve a goal of 75% EV sales by 2035 and 90% EV sales by 2040.

New EV Affordability Program

Consumer rebates for EVs, offered through Canada’s Zero-Emission Vehicle Program (iZEV), were paused in 2025 after funding ran out. Prime Minister Mark Carney announced a $2.3 billion EV Affordability Program, offering Canadian consumers rebates of roughly $5,000 for fully electric vehicles and $2,500 for plug-in hybrids (PHEVs).

The EV rebates are only eligible for:

Canadian-made EVs of any value
EVs with a final transaction value up to $50,000 that are produced in countries with a free trade agreement with Canada.

New EV infrastructure investment

The Canadian government also made an increased infrastructure investment of $1.5 billion through the Canada Infrastructure Bank’s Charging and Hydrogen Refueling Infrastructure Initiative, hoping to make EV charging more accessible across the country.

Learn more about all the new EV measures on the Prime Minister of Canada's official website.

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Isaac Klein

AUTHOR
Isaac Klein

Isaac Klein, Vice President at metroEV, leads the development and deployment of small to large-scale EV charging solutions and charger networks across condos, commercial and public properties. With deep expertise in EV technology and sustainable infrastructure, Isaac has shaped metroEV into a go-to partner for future-ready charging solutions. He’s known for turning complex projects into streamlined installations—helping buildings and properties across Canada stay ahead of the EV curve.