Federal rebates to encourage Canadians to buy electric cars take effect today.
The rebates, announced in the last Liberal budget, will take up to $5,000 off the cost of electric vehicles, and $2,500 off plug-in hybrids, but they apply only to cars that cost less than $45,000.
Ottawa is raising that to $55,000 to increase the options a buyer can choose and still receive the rebate, but the price limit means the most popular electric car in Canada — the Tesla Model 3 — is not going to qualify.
Nine electric cars and 13 plug-in hybrids are eligible, including the second- and third-most popular electric cars, the Nissan Leaf and the Chevrolet Bolt.
Electric-car experts say there is no doubt government incentives help drive electric-car purchases, noting when the new conservative government in Ontario killed a $14,000 rebate last year, electric-car sales in that province plummeted.
Road transportation accounts for as much as one-fifth of Canada's emissions and the incentives are part of the federal government's strategy to meet its international targets for reducing greenhouse-gas emissions to halt climate change.
Comments
You need to update this article. Tesla lowered their pricing.
The current list price of a Bolt EV HV battery pack is $15,734.29 and the part number is 24285978.
Nissan LEAF Replacement Battery Cost = $5,499 US
Tesla Model 3 battery module replacements to cost $5k to $7k, says Elon Musk
A lot cheaper than the annual maintenance costs of a fossil vehicle over 10 years. David, the EV engine is beautiful. No oil, no dirt, no maintenance. Should I forget David, every single aspect of renewable energy is getting cheaper, from energy grids to batteries. So what's your problem?