Canadians found a way to purchase high-end electric vehicles priced over $75,000 for as little as $50,000 before rebates by exploiting a loophole in the country’s luxury tax rules. The strategy involved structuring deals through specific financing arrangements that temporarily reduced the vehicle’s taxable value. Industry experts warn this practice could strain government incentives and raise concerns about fairness in EV subsidies. The revelation highlights how tax policies may inadvertently create opportunities for cost savings in the electric vehicle market.
How Canadians scored $75,000-plus EVs for $50,000 — before rebates Automotive News
