The Globe and Mail has confirmed a $5000 subsidy for EVs in this weeks budget.
That’s great news if it pans out. Compensates a little for Ontario’s shortsighted move to discontinue their subsidy to prop up the oil industry (hopefully the fed subsidy is still around after next provincial election). Now if the exchange rate could get a little better, things would look pretty good on mid range or standard range models in provinces that still have a subsidy ..
The question is: when will it take effect and for how long?
When would this take effect? Currently waiting on a VIN as we speak.
Its about time the Feds added an EV incentive.
I've put off ordering myself waiting for another incentive to replace the provincial one I missed out on.
Curious on when it will be active, I don't know how much longer I can put off getting this car. Anxiously waiting
We don't know when this will take effect, but it's reasonable to assume that it will be very quick, because there is an election coming. I suspect they'll want to maximize its effective period before the election in case the Conservatives win and cancel it. I'd hope it might even be retroactive to January 1. We won't know for sure until Tuesday afternoon though.
As for "how long", that depends on the election and politics, but even the report to the government that this is based on stated that the rebate should be short term as battery costs are coming down, and so there won't be a need for a rebate for much longer.
I'm also waiting on a VIN with a delivery date of March 26.
is there a link to read?
This is a republishing of the Globe and Mail article without the paywall.
Thanks for the link.
I'm actually anxious to see a Fed Budget for a change! Wonder if it will exclude vehicles that are eligible for a provincial rebate?
I am wondering if the 3 qualifies for it and when it will take effecthttps://business.financialpost.com/transportation/autos/federal-budget-2...
Apparently all Tesla cars are excluded? How much is MSRP of the base M3 in CAD?
@inconel The SR with no options is $47,600 CAD. The Canadian federal budget tabled today provides up to $5,000 CAD incentive for electric battery and hydrogen fuel cell vehicles with a sticker price of less than $45,000 CAD. That sucks!!!
That cost at $45,000 won't capture many current vehicles under the rebate! I can only think of the leaf that would be under for BEV and a few other Phevs.
I am sure the price in CAD will fluctuate from USDCAD exchange rate. At 1.2 it will be under the 45k cap for example. There is hope from now until end 2020...
It excludes TESLA!
The price line was drawn to exclude Teslas on purpose. Of that I have no doubt.
The amusing (not funny, more sad) part is that the finanialpost article's main image is that of the front of a Tesla vehicle.