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Which Volvos are eligible for government rebates?

Which Volvos are eligible for government rebates?

January 26 2024 Volvo Cars Saint-Léonard

Government rebates!

With the Canadian government aiming to ban the use of combustion-powered vehicles by 2035, drivers will have to switch to cars with lower Co2 emissions.

So if you want to keep driving your Volvo on Quebec's beautiful roads, there are two alternatives: plug-in hybrids or 100% electric vehicles.

But this technology is still expensive to buy, compared with a combustion vehicle (around 30%). Fortunately, the federal and provincial governments offer various rebates to help reduce the final bill.

In this article, we explain what these discounts are and which vehicles in the Volvo range can benefit from them.

What are government rebates?

Government rebates in Canada are financial incentives offered to encourage the adoption of environmentally-friendly electric and plug-in hybrid vehicles.

As a result, for the purchase of a 100% electric vehicle, you can benefit from a federal iZVE incentive of $5,000, as well as provincial "Roulez Vert" assistance of up to $7,000. For plug-in hybrids, each government offers savings of up to $5,000.

What are the conditions for these grants? The vehicle's MSRP must not exceed $65,000. Finally, as you'll see in the rest of this article, Volvo used vehicles are also entitled to their own rebates.

PS: to find out which vehicles are eligible, as well as the conditions for obtaining the Quebec government rebate, click here and here.

Volvo 2024s eligible for government rebates

Did you know that Volvo was the brand with the most models eligible for government rebates?

Including all versions in our range, no fewer than 9 vehicles benefit from government and/or provincial rebates.

100% electric Volvos

Volvo XC40 Recharge (Single et Twin Motor)

Eligible for $5,000 iZVE and $7,000 " Roulez vert " government incentives

2024 : Core, Plus, Ultimate

Volvo C40 Recharge (Single et Twin Motor)

Eligible for $5,000 iZVE and $7,000 " Roulez vert " government incentives

Volvo Plug-in Hybrids

Volvo S60 Recharge

Eligible for $5,000 iZVE and $5,000 "Roulez Vert" government rebates

Eligible versions per model year :

2024 : Core, Plus, Plus Black Edition, Ultimate, Ultimate Black Edition

Volvo XC60 Recharge

Eligible for the $5,000 " Roulez Vert " rebate

Eligible versions per model year :

2024 : Core, Plus, Ultimate, Polestar engineered

Volvo 2023s eligible for government rebates

Vehicles for the year 2023 (subject to stock availability) are also eligible for the various government rebates.

All the vehicles mentioned above are eligible for government offers in their 2023 model year.

What about Volvo Certified Pre-Owned vehicles?

You thought only new vehicles were eligible?

If you're looking for a used vehicle certified for 6 years and 160,000 km by the Swedish brand, the Quebec government is offering a government rebate of $3,500 for 100% electric vehicles.

As a result, the Volvo C40 Recharge (2022 and 2023) and the Volvo XC40 Recharge (2022 and 2023) will be eligible for these offers, if they meet these precise conditions.

To find out more, contact our used vehicle sales advisors by clicking on the link.

A final word

If you've been paying attention, we haven't mentioned the government rebates for the Volvo EX30. The reason is simple: it's considered a 2025 model year, and government information hasn't yet been updated about this year's rebates.

However, as the Volvo EX30 is the least expensive 100% electric vehicle in the range, we have no doubt that it is eligible for up to $12,000 in subsidies from both governments.

Discover our all-electric lineup Discover our plug-in hybrid lineup

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