As part of its Climate Change Strategy, the Province of Ontario, Canada today announced a very generous electrified vehicle incentive program for its residents.
Building on a program begun in 2010, under the new plan dollar caps are removed and new ones up to $10,000 and potentially more are being offered to lure buyers to go plug-in and add to the approximately 5,800 such cars now in Ontario.
Among provisions of the new program, an additional $1,000 is being offered for vehicles with five or more seats suggesting a push toward vehicles that can carry more people and thus be more energy efficient per mile.
At the same time, the program does not reward high-profile cars like the Tesla Model S or Tesla Model X as these vehicles priced between $75,000 and $150,000 get only $3,000.
The real winners could be the Nissan Leafs, Chevy Volts, and future Chevy Bolts, and the like – mainstream-intended super efficient cars.
The new program will:
• increase the current incentive range for electric vehicles from $5,000 – $8,500 to $6,000 – $10,000
• provide an opportunity to receive an additional $3,000 incentive for vehicles with larger battery capacities
• provide an additional $1,000 for vehicles with five or more seats
• continue to provide incentives linked to battery capacity of more than 5kilowatt-hours
• cap incentives for vehicles priced between $75,000 and $150,000 at $3,000
• continue to provide up to $1,000 for the purchase and installation of chargers for private home and business use.
Other perks for eligible vehicles include free solo access to High Occupancy Vehicle (HOV) lanes on 400-series highways and the QEW. A green license plate identifies these vehicles as getting the special exemptions.
Further announced today was a program to subsidize electric vehicle charging equipment that was opened to applicants December 31, 2015 and which is deadlined in two days from now, Friday, Feb. 12, 2016.
This involves $20 million allocated to the Ontario Green Investment Fund. The intent here is to help build a network of public charging stations across Ontario.
Ontario’s Green Investment Fund is a $325-million down payment on the province’s cap and trade program to strengthen the economy, create jobs and reduce greenhouse gas emissions.