Saturday, November 26, 2022
News Ford Government Has No Intentions of Bringing Back EV Incentives

Ford Government Has No Intentions of Bringing Back EV Incentives

Ford says no incentives for EV shoppers

  • Province had largest incentive in country under previous government

  • Ford would rather give funds to Ford to build new models


If buyers of electric vehicles in Ontario were looking for the return of EV subsidies in the province, it looks like they’re in for a long wait. A new report says that though the province is spending hundreds of millions to help build EVs in the province, they’re not malling on bringing back consumer rebates.

“We will continue to put forward sensible solutions that encourages all Ontarians to take meaningful action to protect and preserve our environment while making sure that taxpayers’ money isn’t being used to help those who don’t need it,” a spokesperson for Premier Doug Ford told Automotive News Canada.

Until September 2018, Ontario had the largest EV incentive in the country, offering up to $14,000 to buyers who went electric with their vehicle purchase. Sales dropped 55 percent after the end of the incentive, the report said. The Ford government dropped the program three months after taking power in the province.

Federally, $287 million has been added to pay for EV incentives for 2021-2022 as the three-year $300m fund set up in 2019 was almost gone. The federal government has said it wants EVs to make up 10 percent of sales by 2025, while it’s currently on track to hit less than six percent.

Instead, Ontario has allotted $285 million for Ford as part of a $1.8B plant to transform its Oakville, ON, plant into a site that begins building electric vehicles by 2026, an amount matched by the feds.

 

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