Got your eye on a Tesla? If you live in Ontario, that prohibitive pricetag just got a little easier to swallow.
On January 1, Ontario updated its Electric Vehicle Incentive Program. It’s a move the province reminded in a press release this week will assist in the the provinces Climate Change Action Plan. Updates to the program will help in reducing greenhouse gas emissions while also making it more realistic to have an electric vehicle (EV) in the driveway of every Ontarian’s home on top of the already 9,000 that are currently registered in the province.
“Transportation emissions are the single-largest source of greenhouse gas pollution in the province. That’s why we are moving forward on a commitment to make it easier for Ontarians to purchase and drive an electric vehicle. Through our Climate Change Action Plan, we’re supporting electric vehicle initiatives, incentives, research and development,” says Glen R. Murray, Minister of Environment and Climate Change of Ontario.
The Electric Vehicle Incentive Program looks to make EVs more affordable, encourage the production of more spacious and powerful EVs, and assure there is a wider range of support available for EVs. By the year 2018, Ontario will require that all new workplaces, townhouses, and homes be made with EV chargers.
Recent updates have made the following changes:
• Incentives when purchasing an EV are no longer limited to 30% of the MSRP.
• eliminated a cap of $3000 in incentives that were previously on EVs which were fully battery powered between the price range of $75,000 – $150,000 which produced less environmental impact than that of lower priced hybrids.
• EVs with a $150,000+ MSRP will continue to receive no incentives.
• Incentives can only be received when purchasing an EV from an automaker which is partnered with Ontario’s Electric and Hydrogen Vehicle Advancement Partnership (which aims to have at least 5% of passenger vehicles sold/leased by the year 2020 be electric or hydrogen powered).
Ontario will be looking at their Electric Vehicle Incentive Program again in the fall of this year to ensure that everything is going according to plan and possibly make new amendments.
“Providing better incentives for electric vehicles will help consumers and businesses make the transition to more sustainable vehicles, and keep Ontario at the forefront of the clean, green economy,” says Ontario Transportation Minister Steven Del Duca.
Of course, Ontario isn’t the only place that is receiving incentives for the purchase of EVs. Tesla, in fact, has a page on its website that shows the possible incentives for the State/Province in which you live. Currently there are only two provinces, Quebec and Ontario, which offer such incentives according to Tesla’s website but there are 14 states which offer special incentives on top of a $7500 federal income tax credit which applies to every state.
In 2016, Tesla sold approximately 76,250 vehicles and was ranked as Forbes #1 most innovative companies of 2016. But Tesla is going to have some competition walking into 2017, as the Chevrolet Bolt has clenched the #1 spot as per rankingsandreviews.com.
European Automobile Manufacturers Association has a list of all the incentives which apply to European Countries which can be found here.
About The Author /
Comment
Leave a Reply
You must be logged in to post a comment.
RELATED POSTS
Share
Tweet
ShareTRENDING
All Trending →
TTNM keeps “Buy” rating at Haywood
March 20, 2024
NEO stock has price target chopped at Paradigm
March 18, 2024
Groupon’s turnaround is accelerating, Roth says
March 18, 2024
no thanks, dead batteries, cold weather, charging time, price. call me when all those get fixed.
Why should the taxpayer be forced to subsadize rich people’s toy cars?
Good news. Ontario has to attract EV manufacturing to secure a future for local autoindustry.
nailed it
I agree that removing the $3,000 cap on the over $75,000 vehicle is waste of money. On the other hand removing the 30% cap will strongly encourage the production of cheaper electric vehicles that all can afford. Burning fossil fuels is just stupid when there are much better uses not to mention the damage to the environment and climate.
When you get serious about environment call me.
But first check out my VAWT.
Exactamondo!
while you’re at it develop the VAWT(see group)for the sexy coupling of the two.
“Transportation emissions are the single-largest source of greenhouse gas pollution in the province.”
FALSE, not even close. ANIMAL AGRICULTURE produces 3-4x this amount. Your cheeseburgers are killing our planet for our children. If you truly care about your kids, not to mention your own health, you’ll go vegan… if not, YOU are part of the problem, not the solution
why should vegans be forced to subsidize the health care industry that is filled with fat, sick meatheads?
Consider that if you live in rural Ontario it will cost you more to charge a Tesla than if you just bought regular gas. Then consider that the emissions from charging your Tesla battery could exceed the emissions from the tail pipe of a reasonably economic car (there is an emission cost to recharge). I have been inside a Tesla and talked to Tesla to compare costs. Yet we who will be taxed will pay more for more folly. I guess we put up windmills along highways and charge people to use the windmill….better option.
Thank you premier Wynn for taking tax dollars from those of us that cannot afford such an expensive car and giving our money to those that can afford such vehicles. BTW are you buying one?
Tesla Model 3, 350km range, 10 minute charging, faster than any BMW 3 series, Zero Maintenance, No Emissions, over the air updates, Autopilot, technically advance compared to any other car on the road and $31k cdn (after the 14k rebate). The end of ICE vehicles is coming late this year!
Quick answer is so you can breath cleaner air. The idea is to promote the adoption of cleaner transportation. How rich the purchaser of a car is has nothing to do with it. Those same buyers would have bought a gas-guzzling internal combustion car instead.