Electric Vehicle Incentives
Start your electric journey. Discover models eligible for Federal iZEV incentives, plus stackable provincial incentives where applicable.
Don’t miss out on a limited time special offer on the EQB 250+ SUV.
On now through January 2nd, 2025.
The all-electric 2024 EQB 250+ SUV
$799/mo. plus tax Disclaimer[1] for 48 months | 1.99% APR with $6,600 due on signing.
May be eligible for up to $5,000 in Federal EV Incentives. Quebec residents may be eligible for up to $12,000 in Federal and Provincial EV Incentives. Terms & Conditions apply.
[1] Lease offer available on new, unregistered, in stock, 2024 Mercedes-Benz EQB 250+ SUV. Representative lease example uses all-inclusive cash selling price of $67,687.50 at 1.99% APR, 48-month term with down payment or trade equivalent of $6,600, equals a monthly lease payment of $799.19 for 48 months. Total lease obligation is $49,961.12. License, insurance, registration, PPSA or RDPRM registration/agent fee of up to $215.65 and applicable sales taxes are extra. Downpayment and first monthly payment due at lease inception. Mileage restriction of 12,000 km/year; $0.20 per excess km applies plus tax. Dealer may sell for less. OAC exclusively through Mercedes-Benz Financial Services. Additional terms and conditions apply. Offer may be combined with other offers and changed or cancelled without notice; ends January 2, 2025. See your authorized Mercedes-Benz dealer for details or call the Mercedes-Benz Customer Relations Centre at 1-800-387-0100.
Federal Electric Vehicle Incentives
The Federal iZEV program offered by the Government of Canada provides rebates of up to $5,000 on the purchase of eligible new electric vehicles.
CONDITIONS
- Purchased by a Canadian resident.
- Purchased or leased for at least 12 months.
- Individuals are only eligible for one incentive within one calendar year.
- Businesses operating fleets and municipal fleets are eligible for up to 10 incentives within one calendar year (note: if receiving Federal iZEV, businesses cannot do a tax write-off on zero-emission vehicles. They must select one or the other).
- iZEV incentives are continuing until March 31, 2025 or until available funding is exhausted.
| Eligible Models | MY23-24 EQB 250+, MY24 EQB 300 |
|---|---|
| Maximum Incentive | $5,000 |
Federal Tax Deduction for Small Business
Canadian small businesses may qualify for significant tax deductions on Zero-Emission passenger vehicles, with planned availability until end of 2027. Please reach out to a professional accountant to determine your eligibility and note that this cannot be used in conjunction with the Federal iZEV incentive program.
Small Business Tax Credits for Zero-Emission Passenger Vehicles
ELIGIBLE MODELS
Battery-Electric Vehicles, Plug-in Hybrids with 7 kWh or more of battery capacity
CONDITIONS
Eligible small business owners may qualify for a time-limited capital cost tax deduction of up to $59,000 plus sales tax.
Customers that receive the Federal iZEV incentive are not eligible for this.
Capital Cost Allowance is at a rate of up to 75% in 2024-2025, and up to 55% in 2026-2027.
This program ends in 2027.
Customers should always reach out to their tax professional to determine their eligibility and discuss any limitations.
Provincial Incentives
View available incentives for your province and territories.
Manitoba
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $4,000
Terms and conditions apply.
New Brunswick
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $5,000
Terms and conditions apply.
Newfoundland & Labrador
Eligible Models: All BEVs/PHEVs listed here
Maximum Incentive: $2,500 for all BEVs and $1,500 for all PHEVs
Terms and conditions apply.
Northwest Territories
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $7,500
Terms and conditions apply.
Nova Scotia
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $3,000
Terms and conditions apply.
Prince Edward Island
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $5,750
Terms and conditions apply.
Québec
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $7,000*
*This amount will be phased out over time. Visit the program website to learn more.
Terms and conditions apply.
Yukon
Eligible Models: MY23-24 EQB 250 +, MY24 EQB 300
Maximum Incentive: $5,000
Terms and conditions apply.