Tesla has recently made an exciting update to their website, now offering the Model Y Rear-Wheel Drive (RWD) as part of Canada’s Electric Vehicle Affordability Program (EVAP). This means that Canadian buyers can now take advantage of a $5,000 CAD incentive on this popular electric SUV.
To qualify for the EVAP rebate, the Model Y RWD must meet strict price targets set by the federal government. The vehicle’s total transaction price must be under $50,000 before taxes, freight, and government fees are added. This incentive applies to both cash purchases and financed deals, providing a direct reduction in the total cost of ownership for buyers.
Estimated delivery dates for the Model Y RWD are currently showing at 4-6 weeks, with all paint colors available for free, which is a fantastic bonus for buyers. For those interested in leasing the vehicle, the $5,000 incentive will be prorated based on the duration of the lease, encouraging longer-term adoption of electric vehicles.
To receive the discount, buyers simply need to select the “EVAP Incentive” option on the order page. This will bring the price down to $44,990 CAD, or $47,616 CAD after additional fees. In Quebec, buyers can save an additional $2,000 CAD thanks to the provincial EV rebate, bringing the price down to $42,990 CAD.
The EVAP program has replaced the previous iZEV program, focusing on the total transaction price rather than just the manufacturer’s suggested retail price. By keeping the Model Y RWD under the $50,000 threshold, Tesla is positioning itself to capture a larger share of the Canadian market as the government pushes for zero-emission vehicle targets.
With an estimated range of 463 kilometers, the Model Y RWD remains the most affordable way to enter the Tesla ecosystem. Interested buyers can click here to order their Model Y RWD and take advantage of this incredible deal on a new Tesla. Tesla North America has confirmed eligibility for the EVAP program, making this an excellent opportunity for Canadian buyers to go electric.