In NB, what should I know about EV charging credits (provincial) for car loans?
As a Canadian Auto Finance expert specializing in New Brunswick, it's important to note that while the province offers rebates for the purchase of electric vehicles, there is currently no dedicated provincial credit or rebate program specifically for the installation of home EV charging infrastructure. This means that for consumers in NB looking towards 2025, the cost of purchasing and installing a Level 2 home charging station, which can vary significantly based on electrical requirements, will typically be an out-of-pocket expense. For your car loan, this implies that you cannot rely on a provincial credit to reduce the upfront cost of your home charger, directly impacting your overall budget and financial planning for EV ownership. It is always advisable to consult the official websites of NB Power and the provincial Department of Natural Resources and Energy Development for the most current information, as incentive programs can change.