$5K incentive to purchase EVs on P.E.I. now live, retroactive to April 1 The incentive for buying new or used electric vehicles on P.E.I. is now live, meaning Islanders are eligible for up to $5,000 in rebates for EVs purchased after April 1. Social Sharing CBC News · Posted: Apr 29, 2021 6:33 PM AT | Last Updated: April 29 Any bill of sale on an eligible electric vehicle dated April 1 or later will be paid out and offers $5,000 to Islanders who purchase both new and used EVs and $2,500 to buy plug-in hybrids, a release said.(Nicola MacLeod/CBC)