Ontario halts incentives for BEVs and PHEVs priced above C$75K (US$58.5K)
12 March 2018
The Canadian province of Ontario has made changes to its Electric Vehicle Incentive Program (EVIP), which is now called the Electric and Hydrogen Vehicle Incentive Program:
Incentives of up to C$14,000 (US$11,000) will be provided for eligible hydrogen fuel cell vehicles (HFCVs);
Incentives for eligible battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are now determined based on each vehicle’s all-electric range and seating capacity. The updated incentives vary from $5,000 (US$3,900) to $14,000;
Incentives will no longer be provided for PHEVs or BEVs with a Manufacturer’s Suggested Retail Price (MSRP) of $75,000 (US$58,500) or more; and
Incentives will no longer be provided for PHEVs or BEVs leased for less than three years.
Lower cost PHEVs, BEVs and FCEVs should get more subsidies (equivalent to the initial cost of (most or all) on board batteries and/or FCs) to favour larger batteries/FCs and reduce the use of ICEVs.
Of course, luxury, costly electrified vehicles do not and should not get subsidies.
Posted by: HarveyD | 13 March 2018 at 08:27 AM