EcoAuto
Encyclopedia
The EcoAuto Rebate Program is a Canadian government program administered by Transport Canada
to provide incentive
to people to buy fuel-efficient vehicles, to protect the environment
, through rebates. The program applies to vehicles purchased between March 20, 2007 and December 31, 2008.
It is part of the Canadian government's overall Vehicle Efficiency Incentive (VEI), which also includes a levy
or excise tax
on vehicles deemed to be fuel-inefficient and the Retire Your Ride
scrappage program.
Transport Canada
Transport Canada is the department within the government of Canada which is responsible for developing regulations, policies and services of transportation in Canada. It is part of the Transportation, Infrastructure and Communities portfolio...
to provide incentive
Incentive
In economics and sociology, an incentive is any factor that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. It is an expectation that encourages people to behave in a certain way...
to people to buy fuel-efficient vehicles, to protect the environment
Environment (biophysical)
The biophysical environment is the combined modeling of the physical environment and the biological life forms within the environment, and includes all variables, parameters as well as conditions and modes inside the Earth's biosphere. The biophysical environment can be divided into two categories:...
, through rebates. The program applies to vehicles purchased between March 20, 2007 and December 31, 2008.
It is part of the Canadian government's overall Vehicle Efficiency Incentive (VEI), which also includes a levy
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
or excise tax
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
on vehicles deemed to be fuel-inefficient and the Retire Your Ride
Retire Your Ride
The Retire Your Ride program is a voluntary Canadian scrappage program created to reward Canadians for permanently retiring in a vehicle made in 1995 or earlier for a wide range of rewards, such as a public transit pass or C$300. The program ended on March 31, 2011...
scrappage program.