March 21, 2007

Analyst lists vehicles eligible for new “green” rebates

Richmond Hill, Ontario – Industry analyst Dennis DesRosiers has prepared a preliminary list of vehicles which he says will qualify for the federal rebate outlined in the government’s new budget. The budget sets out rebates for fuel-efficient cars, as measured by combined Transport Canada fuel economy ratings, and proposes levies for vehicles with poorer mileage.

DesRosiers says that vehicles qualifying for the maximum $2,000 rebate include the Toyota Prius, Honda Civic Hybrid and Ford Escape Hybrid; those qualifying for the $1,500 rebate include the Toyota Camry Hybrid, Nissan Altima Hybrid and Lexus RX 400h; while those qualifying for the $1,000 rebate include the Toyota Yaris, Toyota Corolla, Toyota Highlander Hybrid, Jeep Compass, Jeep Patriot and Lexus GS450h.

Under the new budget guidelines, cars are eligible for a rebate if their combined fuel economy rating is 6.5 L/100 km or less, while minivans, SUVs and other light trucks must meet a combined rating of 8.3 L/100 km. The basic rebate amount of $1,000 is increased by $500 for each additional half-litre per 100 km improvement, to a maximum rebate of $2,000.

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