The Lion Electric Company customers in Canada can now receive up to $150,000 in funding under Transport Canada’s newly launched Incentives for Medium and Heavy-duty Zero-Emission Vehicles (iMHZEV) Program.
Under this new program, the Canadian Federal Government is providing nearly $550 million in funding for the purchase or lease of medium- and heavy-duty trucks over the next four years.
All models in Lion’s current lineup of all-electric trucks are eligible to receive incentive funds under the iMHZEV Program, the company says. This includes $100,000 for the Lion5, Lion6, Lion8P straight truck, Lion8 Bucket and Lion8 Refuse ASL, along with $150,000 in funding for the Lion8T.
These funding amounts apply to all available battery configurations and can be combined, or “stacked,” with other available provincial, municipal, utility and other available incentives, such as Quebec's Écocamionnage program. By stacking both the federal and provincial incentives in Quebec, a Lion6 heavy-duty truck is eligible for subsidies of up to $243,750.
“As a leading Canadian manufacturer of medium- and heavy-duty electric vehicles, it is both exciting and encouraging to see the Canadian Government embracing the deployment of zero-emission heavy-duty trucks and transit buses with the launch of the iMHZEV Program,” says Marc Bedard, CEO and Founder of Lion Electric.
“Through its LionGrants team, Lion has years of experience successfully assisting our customers to secure available incentive funding and we are fully ready to immediately start capturing funding under this new program for our customers. This will enable us to continue putting zero-emission vehicles on the road, which we have been doing for years. This will undeniably lead to improvements to the environment and public health here in Canada, as we transition to a cleaner transportation sector,” Bedard says.
