Because the Canadian government wants you to become more environmentally conscious by getting with the EV program, now in the province of Ontario buyers receive larger rebates for Tesla and other electric vehicles.
Ontario is making it easier for people across the province to reduce greenhouse gas pollution and switch to an electric vehicle (EV) by further enhancing its Electric Vehicle Incentive Program (EVIP).
It’s an attempt to give us more encouragement to give up our petrol-based engines cars for EVs.
But the cost for vehicles such as the Tesla S can be pricey for some people who want to get onboard.
We all need to go places, explore, vacation and work. But who wants to pollute the environment by doing so with vehicles?
Greenhouse gas emissions are a problem and add to the cost of cleaning up our land and are a burden on our health care system.
Ontario Electric Vehicle Incentive Program
In efforts to fight climate change, the government aims to have 5 percent of new vehicles sold in Ontario powered by electric motors in 2020. This new Electric Vehicle Incentive Program covers the following:
- Removes the cap limiting EV incentives to 30 percent of the manufacturer’s suggested retail price (MSRP)
- Eliminates the $3,000 cap on incentives for EVs fully run on battery power and priced between $75,000 and $150,000, which enable long-range, zero-emission travel and have less environmental impact than lower priced plug-in hybrids
- Continues to exclude EVs with an MSRP of $150,000 and above from qualifying for incentives
- Offers incentives only on vehicles produced by automakers who are partners in Ontario’s new Electric and Hydrogen Vehicle Advancement Partnership (EHVAP).
It makes owning a Tesla that much more affordable. Of course, if you choose to configure your Tesla by adding on options and upgrades, it’s easy to blow past $150,000 CAD, excluding yourself from becoming eligible for the Electric Vehicle Incentive Program.
With an expanding EV charging infrastructure and better education about climate change, slowly more drivers realize the benefits of going electric.
With over 9,000 of these vehicles currently registered within the province, the Electric Vehicle Incentive Program is an excellent way to bring in more buyers into a growing market and paving the pathway for new technologies for our changing world.