“I think there are more politicians in favor of electric cars than against. There are still some that are against, and I think the reasoning for that varies depending on the person, but in some cases, they just don’t believe in climate change—they think oil will last forever.”
My home province of Ontario has announced that it is offering some major incentives to people who buy electric vehicles up to a whopping $14,000!
There have already been incentives in place for some time that give anywhere between $5,000 to $8,500 to those who purchase electric vehicles, but this week the Ontario provincial Liberal government formally announced that it will be increasing that range up to between $6,000 and $10,000. In addition, drivers could even get another $3,000 if their electric vehicle has a larger battery capacity, as well as an additional $1,000 if the vehicle has five seats or more.
Higher-priced electric vehicles—defined as having a sticker price between $75,000 and $150,000—do have a cap on the incentive at $3,000. This makes sense since folks who can afford such vehicles really don’t need extra money back from the government. It ceases to be incentive.
What’s particularly nice is that these new incentives are actually retroactive to January 1st, 2016, so anyone who already bought an electric vehicle earlier this year before the announcement came out will still benefit.
As it stands, Ontario has about 5,800 electric vehicles on the road. These incentives will surely help to increase that number.