Ontario’s Climate Change Plan: Potential Massive Investments in EVs
The Globe and Mail has just published an article on the Ontario government’s uncovered details of the Ontario’s Climate Change Plan. The strategy is scheduled to be further reviewed by cabinet ministers and fine-tuned, sources said, with public release slated for June.
On transportation electrification, electric vehicle targets for 2025 is to boost to about 86,000 the number of annual EV sales, more than 20 times the number of electric vehicles sold in the province so far in this century. The plan provides for $285-million of electric vehicle incentives. These include a rebate of up to $14,000 for every electric vehicle purchased; up to $1,000 to install home charging; taking the provincial portion of the HST off electric vehicle sales; an extra subsidy program for low– and moderate-income households to get older cars off the road and replace them with electric; and free overnight electricity for charging electric vehicles.
The province will also build more charging stations at government buildings, including LCBO outlets, and consider making electrical vehicle plug-ins mandatory in all new buildings. The plan sets targets of expanding electric vehicle sales to 5% of all vehicles sold by 2020, up to 12% by 2025, and aiming to get an electric or hybrid vehicle in every multivehicle driveway by 2024, a total of about 1.7 million cars.
Also included are $280-million to help school boards buy electric buses and trucking companies to switch to lower-carbon trucks, including building more liquid natural gas fuelling stations. A $375-million will be for research and development of new clean technologies, including $140-million for a Global Centre for Low-Carbon Mobility at an Ontario university or college to develop electric and other low-carbon vehicle technology.
EMC supports these recommendations on incentives, green infrastructure, changes to the building code and promotion of electric vehicles across the province in order to help reduce GHG emissions and help fight climate change, with a set of clear targets.
See the complete article including all measures on the Globe and Mail website.