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- The taxable threshold amount of $55,000 will remain in effect for non-ZEV vehicles. The change for new ZEVs primarily impacts B.C. motor vehicle dealers, as they collect the PST at time of purchase in the vast majority of new vehicle sales; however, Autoplan brokers may need to collect the graduated vehicle tax on new vehicles purchased outside of B.C. - Source: Internet
- As part of the B.C. Government’s 2022 budget, tax changes to the purchase and transfer of zero emission vehicles (ZEV) were announced. Vehicles eligible for the exemption include battery electric vehicles, hydrogen fuel cell vehicles, and plug-in hybrid electric vehicles. If you have any questions about these changes, please contact our NCDA office and we will be pleased to assist you. - Source: Internet
- Effective on February 23, the purchase or lease of used ZEVs will be exempt from provincial sales tax (PST). There will be no PST on used ZEVs even if they have a price above $75,000. The new tax exemption applies to both private and dealer sales; however, for private sales, where ICBC collects the PST, the ZEV must have 6,000 km or more showing on the vehicle’s odometer to be eligible. (Note: the 6,000 km requirement does not apply to sales by GST registrants, such as a dealership, or vehicles imported from outside Canada). Read the BC Government’s tax bulletin, updated February 2022, noting the changes. - Source: Internet
- And we have to pay luxury tax to cars over 40k on the cars registration that we have to pay every year. Luckily, they raised the threshold for evs in term of luxury tax. It starts at 65k I believe Click to expand… - Source: Internet
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