If I recall my microeconomics classes from university, theory would say that the impact of taxes or subsidies is shared between buyers and sellers as it shifts the supply curve.
In practice, dealers don't have $5K of space between invoice and MSRP, and don't seem to be selling above MSRP, so consumers are benefitting. In the case of the GV60, I suspect that Genesis Canada's inclination would be to price things above the cut-off for rebates, but if a $1-2K reduction in MSRP made the difference between their customers getting $5K from the gov't, they'd drop the price to move more units.
There are some strange incentives at play here, both now and in the future. EVs are not profitable - at least not prior to COVID, and while I haven't seen data recently, I doubt that has changed given that the average EV contains something like 100 times the number of chips that an ICE does. Manufacturers desperately want to get unit volumes up to build economies of scale and reduce unit costs. Many jurisdictions across the globe are forcing brands to sell a minimum percentage of EVs, so there will be downward pressure on prices for them to hit those numbers.
The Canadian gov't is now heavily subsidizing EV charging. In addition to the purchase incentives in BC and Quebec, charging an EV in provinces with a low-carbon electrical grid can be a money-making opportunity - potentially worth thousands per year per vehicle in Ont, Quebec, BC, etc.
