Ontario Making Electric Vehicles More Affordable

February 8, 2017 at 11:36 am Leave a comment

electricOntario 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).

The Electric Vehicle Incentive Program (EVIP) supports the adoption of electric vehicles (EVs), rewards early adopters, and helps to create market demand for new technology in Ontario by providing incentives for the purchase and/or lease of eligible EVs.

Part of Ontario’s Climate Change Action Plan, and in effect as of Jan. 1, 2017, the updated EVIP:

  • Removes the cap limiting EV incentives to 30 per cent 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).

Read the News Release HERE>>

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Entry filed under: Carbon_Emissions, Energy, Transportation.

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