BC Kicks the Hybrid PST Exemption

If you were thinking about making the switch to a hybrid or fully electric vehicle this year, you might be surprised to know that you just missed the boat on saving yourself thousands of dollars in Provincial Sales Tax (PST). BC kicked the hybrid PST exemption on the purchase of all used EVs, PHEVs, and hybrids. Making the purchase of a used EV or hybrid far less appealing than it initially was for many Lower Mainland residents.

What is actually public knowledge, has not be made very “public” to hybrid consumers in British Columbia. Because although the tax exemption was set to be removed in 2027, it has already been implemented 2 years ahead of schedule and is set to be deactivated May 1st, 2025. The provincial government was hoping to quietly remove the tax rebate, without much uproar from consumers.

While this news is disappointing for BC residents, there is still a short amount of time to take advantage of the PST exemption before May 1st, 2025, rolls around. And the best way to get into an EV at a great price, is to sell your current vehicle for the MOST cash to Cash For Cars BC. NOBODY Pays More!

Why Is BC Removing the PST Exemption on Used EVs?

An incentive on any big-ticket purchase is always the driving force behind boosting sales. And originally, the purpose of PST exemption was to do just that; drive sales. It was created to help offset the huge price difference between gas-powered vehicles and EVs.

Because when the cost to own a hybrid or EV is nearly double (sometimes more) than the cost to stick with traditional gasoline vehicles. So, there isn’t much incentive for consumers who are on a budget. Moreover, those that are on a budget and are considering switching to an EV, will be looking for a used one. And when a used EV is exempt from PST, that makes them even more enticing.

Unfortunately, BC residents will only be able to take advantage of that PST exemption for one more week because BC has decided to very quietly kick that hybrid PST exemption 2 years earlier than originally planned.

What Is Considered a Clean Energy Vehicle?

There are various types of clean energy vehicles on the market today. From fully electric to battery and gasoline-powered vehicles, it can be hard to know what is and is not considered a clean energy vehicle, and if it’s covered by any sort of tax exemption, rebate, or government incentive.

Types of Zero Emission Vehicles

• Battery Electric (BEV)
• Plug-In Hybrid Electric (PHEV)
• Hydrogen Fuel Cell (FCV)

Types of Hybrid Vehicles

• Mild Hybrids
• Full Hybrids
• Parallel Hybrids
• Series Hybrids
• Ranger-Extended Hybrids
• Plug-In Hybrids

No matter what type of hybrid you want to get into, we’ll offer you the MOST cash for your current vehicle in Mero Vancouver, the Fraser Valley, and on Vancouver Island.

Get the MOST Cash for Your Car Right NOW

This is where companies like Cash For Cars BC come in. We offer the MOST cash for cars, trucks, SUVs, hybrids, vans, and motorcycles. Which means if you’re looking to get the best price on your current vehicle to help facilitate the purchase of a used EV, you’ll find it at Cash For Cars BC.

We have been buying cars throughout Metro Vancouver, the Fraser Valley, and parts of Vancouver Island since 1998. And because we have grown to be the Lower Mainland’s biggest used car buyer, we always have a demand for vehicles of every make, model, and year.

Which means that you’ll get the best price when you choose Cash For Cars BC, because our demand is so much greater than new car dealerships or online car buyers. You can sell your gas-powered vehicle to get into a hybrid or sell your hybrid to get the best price for it while the market is hot. But don’t wait, because you’ve only got a week left to maximize the sale of your hybrid vehicle.

What Incentives Are There for Buying a Hybrid in BC?

With the PST tax exemption quickly disappearing, you might be wondering what other incentives there are for people who want to make the switch to a hybrid. There are definitely various other wonderful incentives and rebates in place in British Columbia. However, there are none that apply to the purchase of used EVs.

That means that if you purchase a used clean energy vehicle after May 1, 2025, you won’t be able to receive any rebate whatsoever. The only rebates and incentives that will be available going forward will be on the purchase of new hybrids, PHEVs, and fully electric vehicles.

And unlike the PST exemption that was in place on used EVs, some of the various other rebates are based on the type of electric vehicle you’re buying, your annual income, and whether or not it’s your first-time purchase of an electric vehicle.

In order to take advantage of some of the rebates offer, you must apply online through the provincial government website BEFORE buying the vehicle. All of the details, including how to apply, can be found HERE.

What Are the Different Kinds of Incentives for Electric Cars?

As we just mentioned, there are many other rebates available for British Columbia residents who still want to make the switch to a clean energy vehicle. And although they are only available on the purchase of new zero emission vehicles and hybrids, they are substantial.

One of the biggest incentives offered in British Columbia is the provincial CleanBC inventive that offers BC residents up to $4,000 off of the price of a brand-new battery powered vehicle. This can be applied to fully electric cars, as well as hybrids. And because it’s applied at the point of sale, you won’t have to fill out any online applications beforehand.

Another great incentive is the rebate offered on zero emission vehicles (or ZEVs as they are often called) of up to $3,000 in Metro Vancouver. Plus, there is an optional incentive available through the BC SCRAP-IT program that will offer first-time buyers up to $6,000 back when they scrap their old vehicle and purchase a brand-new ZEV.

Cash for Cars in Metro Vancouver

If you’re thinking about selling your vehicle or trading it in, think Cash For Cars BC instead. Because if you sell your car privately, you can expect to wait weeks, possibly months, for a buyer. And trading in your car to a new car dealership doesn’t ensure that you get the MOST cash for your car. But Cash For Cars BC does.

We buy more used vehicles in Metro Vancouver, the Fraser Valley, and on Vancouver Island than any new car dealership or online car buyer. And because we have such a high demand for used vehicles of every make and model, you’ll always get the best price on your car, regardless of its age or condition.

In fact, many of the local dealerships sell their unwanted trade-in vehicles to Cash For Cars BC, because even they know that we truly do pay the MOST cash for cars. So, instead of giving hundreds, or possibly thousands, of dollars to the dealership, sell your car directly to Cash For Cars BC. NOBODY Pays More!

What Types of Vehicles Do We Purchase?

No matter what you’re selling, or why you’re selling it, you’ll find a buyer who pays the MOST cash at Cash For Cars BC. Because we purchase so much more than simply cars. From vehicles belonging to a niche market, to Supercars or recreational vehicles; Cash For Cars BC can handle all your car buying needs.

We Are Always Looking to Buy:

• Cars – Sedans, coupes, convertibles, supercars, station wagons, luxury sedans & sports cars
• Trucks – Light duty, heavy duty, super duty, work trucks, 1-ton trucks, electric trucks, 4×4’s
• SUV’s – Sport utility vehicles, crossovers, hybrids, 4×4’s
• Vans – Cargo vans, minivans, work vans, city vans, moving vans, campervans
• Motorcycles – Sport bikes, dirt bikes, cruisers, Harley-Davidsons
• Power Sport & Recreation Vehicles – ATVs, quads, UTVs, trikes, snowmobiles, boats
• Recreational Vehicles – RVs, campers, cargo vans converted to mobile homes
• Clean Energy Vehicles – Hybrid cars, trucks, SUVs, vans, EV motorcycles, & Tesla’s
• Scrap Vehicles – Scrap cars, scrap trucks, scrap SUVs, scrap hybrids, scrap vans

We are more than happy to look at vehicles that are in need of mechanical or cosmetic repairs, or vehicles that are still under financing or within their lease term. Whatever you’re selling, whatever the reason, Cash For Cars BC is the best way to sell your car for cash today.

How Much Cash for Cars Do We Pay in BC?

Unlike online car buyers who use an algorithm formulated around the Black Book value of cars, Cash For Cars BC makes you a custom offer based off of all of the details about your vehicle. We also provide an in-person appraisal, to ensure that you are getting the MOST cash for cars in the Lower Mainland.

Simply call or text our used car buying team today. Then, provide us with the make, model, year, condition, mileage, and location of your vehicle. Also, be sure to let us know of any mechanical or electrical issues, previous accident history, and current cosmetic damage. Once we have all of this information, we’ll book a day and time to see your car in person.

Our car buying team works 7 days a week, from 8:00 AM-10:00 PM. We also offer our services on most statutory holidays. This makes selling your car in Metro Vancouver, the Fraser Valley, or on Vancouver Island incredibly convenient.

After seeing your vehicle firsthand, our highly trained and experience used vehicle buyer will make you an instant cash offer on your car. If you accept the offer, we’ll fill out the paperwork, hand over your payment, then leave with your vehicle. All in all, it only takes about 20-30 minutes.

Sell Your Car to Cash For Cars BC Today!

If you’re seriously considering switching to a hybrid before the PST tax exemption gets removed May 1, 2025, consider speaking with our car buying experts here at Cash For Cars BC. We offer the MOST cash for cars, trucks, SUVs, vans, hybrids, and motorcycles in the Lower Mainland.

We have over 30 years of experience in the car buying industry. And many local dealerships throughout Metro Vancouver, the Fraser Valley, and Vancouver Island use our car buying services to sell off their unwanted trade-in vehicles. Why? Because even they know that we pay the MOST cash for cars in BC!

So, if you want to sell your car quickly, easily, and for the MOST cash, sell it to Cash For Cars BC. We handle all the paperwork, we come to you, and NOBODY Pays More!