Quebec Reinstates EV Rebates but Introduces New Fees in 2025 Budget
Quebec’s 2025 budget reinstates provincial zero-emission vehicle (ZEV) rebates up to C$4,000 starting April 1 after a two-month pause, but also introduces new costs for EV owners, including a $125 annual fee for battery-electric vehicles and the removal of toll and ferry exemptions in 2027. The rebate reduction in January led to a sharp drop in ZEV sales, though the return of incentives could revive demand temporarily. However, the program is set to phase out entirely by 2027, and luxury tax exemptions for ZEVs will also be eliminated for vehicles over $62,500. These measures aim to offset lost fuel tax revenue and are expected to generate nearly $200 million annually by 2029-30.
Tariff Impact & Price Protection for Ford Fleet Orders
Ford is committed to supporting their customers through the evolving tariff situation. President Trump's recent announcement of a 25% tariff on imported automobiles and car parts, effective April 2, is expected to significantly increase vehicle prices, with estimates ranging from $3,500 to $12,000 per vehicle. To mitigate this impact, any Ford fleet orders submitted before April 2 will be price protected. However, for customers with introductory-level pricing in their 25PY CPA agreements, pricing adjustments may be subject to force majeure provisions due to unforeseen circumstances. Ford encourage customers to consider purchasing now to avoid potential price increases. Ford remains dedicated to its strong U.S. manufacturing footprint and will continue to provide guidance as new developments arise.
Gas Prices Rise Amid Seasonal Transition, But Remain Lower Than Last Year
Gas prices have risen for the first time in a month, likely due to the seasonal transition to summer gasoline, with the national average now at $3.11 per gallon, according to the EIA. Prices remain 40 cents lower than last year, and experts note the increase is unrelated to politics or tariffs. Refinery maintenance discussions have been minimal, but the final steps in the summer fuel transition could push prices higher, though economic uncertainty may limit further spikes. Most regions saw price increases, with the Midwest and Gulf Coast rising by 12 and 11 cents, respectively, while the West Coast remained steady at $4.05. Mississippi leads as the cheapest state for gas at $2.67, and 21 states still have averages below $2.99, though this number has dropped significantly from last week.