If you are a business owner in Kingston, a real estate agent, or self-employed, the tax benefits of an EV in 2026 remain a massive financial "win."

Even though the "full expensing" (100% write-off) has begun to phase out, the Accelerated Investment Incentive still applies:

• 55% First-Year Write-Off: For 2026, you can write off 55% of the vehicle’s cost in the very first year it’s put into service (Class 54).

• Higher Ceiling: Unlike gas cars (Class 10.1), which are capped at a $38,000 depreciable limit, EVs have an enhanced limit of $61,000 (plus HST).

Kingston Business Example: If you purchase an ID.4 Pro for your business for $60,000, you could potentially deduct over $33,000 from your taxable income in year one. For a high-earning professional, that's a massive reduction in your tax bill.

Looking for a second car for the family? While new car rebates are gone, non-profit programs like Plug’n Drive occasionally offer incentives for used EV buyers who attend an "EV 101" seminar.

Additionally, our Kingston VW Trade-In Program allows you to apply the HST savings of your current vehicle toward a new ID.4. Because you only pay sales tax on the difference between your trade and your new car, a $20,000 trade-in saves you an extra $2,600 in tax.