EMC Commends Ontario on Making EVs More Affordable
EMC strongly supports the renewed and increased incentives announced by the Ontario Government, combined with the upcoming deployment of significant additional infrastructure. These two key measures will help accelerate the number of electric vehicles, to the benefit of all. Combined with continuous financial incentives, effective awareness campaigns, and more availability of vehicles, they are key elements to move faster from an early adopter’s market to a mass market.
Excerpt from the press release:
“Ontario is putting its new Climate Change Strategy into action by introducing a new, modernized Electric Vehicle Incentive Program that will help reduce greenhouse gas pollution and make it easier for Ontarians to switch to an electric vehicle (EV).
Premier Kathleen Wynne made the announcement today at WaterPark Place in Toronto. Helping Ontarians shift to low- or zero-emissions vehicles is vital to achieving Ontario’s greenhouse gas pollution reduction target of 80 per cent below 1990 levels by 2050.
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 $3,000
- Provide up to $1,000 for the purchase and installation of chargers for home and business use.”