Manufacturer Lion Electric announced Tuesday that its electric medium and heavy-duty vehicles are eligible for up to $150,000 in federal funding.
The grant is granted under the Incentive Program for Zero-Emission Medium and Heavy-Duty Vehicles (“iVMLZE”), which allows Ottawa to free up $550 million in funding for the purchase or lease of medium- and heavy-duty vehicles over the next four years.
All models in Lion's electric vehicle lineup are eligible for incentive financing of up to $100,000, while up to $150,000 for the tractor truck Lion8T, according to the manufacturer who clarifies that through both federal and provincial programs, a Lion6 truck is eligible for more than $240,000 in subsidy.
“As a leading Canadian manufacturer of mid-size electric vehicles and heavy, we are thrilled to see the canadian government lend support to the deployment of zero-emission heavy trucks and passenger transport buses with the launch of the iVMLZE program,” said Marc Bédard, President and Founder of Lion Electric.
“By l Through its LionGrants team, the Society has been supporting its clients for years to ensure they take advantage of all available incentive funding; we are therefore immediately able to seek subsidies under this new program to benefit buyers,” he added.
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