Saturday, September 13, 2025

New Brunswick Offers Rebates To Achieve 20,000 Electric Cars By 2030

After falling short of its 2020 target to put 2,500 electric cars on the road, New Brunswick is amping up its electrification plan with a rebate program for its citizens. The three-year program, called Plug-In NB, aims to entice New Brunswickers to switch to electric cars for up to $10,000 in rebates.

The province announced Thursday its program that will give rebates of $5,000 for a purchase of a new electric vehicle and $2,500 on a second hand vehicle. This rebate can be claimed on top of the existing one provided by the federal Zero-Emission Vehicles program, which also offers up to $5,000 in rebates. This means New Brunswick motorists that will make the electric switch can get up to $10,000 in total rebates.

Minister of Environment and Climate Change Gary Crossman said the program is another step towards achieving the target of having 20,000 electric vehicles on the road by 2030. The province was only able to register 646 electric vehicles out of its target of 2,500 vehicles by the end of 2020.

The department also said that funding for the rebate program will be approved annually. The province initially set a $1.95 million budget for the program’s first year, which will come from the $36 million allotted in the Climate Change Fund and will be managed by NB Power.

The program will initially reimburse New Brunswickers after the purchase but will authorize car dealers to apply the rebate directly later on.


Information for this briefing was found via the Global News Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Canadian Home Prices Were up Nearly 30% in February

Canadian housing prices jumped by yet another record in February, as buyers took advantage of...

Wednesday, March 16, 2022, 04:27:00 PM

US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’

Jake Sullivan, US President Joe Biden’s national security adviser, has called on Canada and other...

Tuesday, August 27, 2024, 08:02:10 AM

Lucid Motors: Recent Underperformance Of SPAC Could Set The Stage For A Better Future

On April 22, the U.S. National Highway Traffic Safety Administration (NHTSA) moved to reverse a...

Sunday, April 25, 2021, 04:56:00 PM

Canada’s GDP Expanded by 0.4% in October Amid Second Covid-19 Wave

It appears that the continued upward climb of Canada’s economy continued on the trajectory for...

Wednesday, December 23, 2020, 02:51:00 PM

Housing Minister Doesn’t Want Mayors To Be Blamed For The Housing Crisis, So Canadians Blamed Him Instead

Minister of Housing and Diversity & Inclusion Ahmed Hussen penned an op-ed castigating the opposition...

Saturday, July 15, 2023, 11:27:00 AM