Ontario making electric vehicles more affordableStaff writer ▼ | February 12, 2016
Ontario is putting its new Climate Change Strategy into action by introducing a new, modernized Electric Vehicle Incentive Program.
Going green Helping Ontarians shift to low- or zero-emissions vehicles
The province's first Electric Vehicle Incentive Program was launched in 2010. Through this program, incentives were provided for the purchase of 4,800 electric vehicles and about 1,100 home chargers.
The new, modernized program will:
Increase the current incentive range for EVs 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 incentive for vehicles with five or more seats
Continue to provide incentives linked to battery capacity of more than 5 kilowatt-hours
Cap incentives for vehicles priced between $75,000 and $150,000 at $3,00
Provide up to $1,000 for the purchase and installation of chargers for home and business use.
This initiative builds on the December 2015 announcement that an additional $20 million from Ontario's Green Investment Fund will go toward creating a network of fast-charging public EV charging stations to support city-to-city and in-city EV travel across the province.
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. ■