Earlier this month, the government of Ontario announced the cancellation of the cap and trade program as part of its commitment to bring gas prices down by 10 cents a litre. This will help reduce costs for Ontario families and businesses by $1.9 billion dollars per year, apparently.
At the same time, the province’s Electric and Hydrogen Vehicle Incentive Program—the most generous in Canada with rebates of up to $14,000—and the Electric Vehicle Charging Incentive Program are terminated.
The press release says that applications will be accepted from dealerships, car owners or prospective car owners only if one of the following conditions has been met:
- Eligible vehicles that have been delivered to consumers, registered, and plated on or before July 11 will receive the incentive.
- Inventory that dealers have on lots or orders made by dealerships with manufacturers on or before July 11, will also be honoured for the incentive provided that the vehicle is delivered to consumers, registered, and plated by September 10.
Furthermore, charging stations purchased and/or installed before July 11 will be eligible to receive incentives if the application is submitted within the following 60 days.
What do you make of this decision by the new Ford administration to favour traditionally powered vehicles instead of electric cars?