Published on February 5th, 2017 | by James Ayre0
Ontario (Canada) Lifts Price Cap On EV Rebate
February 5th, 2017 by James Ayre
The province of Ontario in Canada has lifted the purchase price cap on its electric vehicle rebate program, according to recent reports. What this means in practice is that those buying relatively expensive electric vehicles (Tesla Model S, Model X, etc.) will now have access to a larger rebate than they did previously.
Up to a point anyways — no rebates are available for electric vehicle (EV) purchases over $150,000.
Autoblog provides more: “Previously, Ontario allowed for just a $3,000 rebate for electric vehicles priced between $75,000 and $150,000, but the government has lifted that price cap, effectively making most Tesla Model S and Model X electric vehicles eligible for perks worth between $6,000 and $14,000. That perk gets wiped out for vehicles that cost more than $150,000, so those who order a fully-loaded Tesla Model S P100D are left out in the Canadian cold.”
In related news, GM recently made its first Chevy Bolt EV delivery in Canada, to a customer in Ontario.
Considering that Bolt EV pricing in Canada is comparatively much lower than in the US, and also the substantial incentives on offer in the provice, it seems pretty likely that the model will sell quite well there. That’s presuming that GM actually allocates a decent number of units to the region, that is. It’s unclear at this point if the company truly wants to sell as many units of the model as possible.