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Ontario makes electric vehicles more affordable by offering incentives of up to $14,000

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Ontario Government has taken a major step in its fight against greenhouse gas emissions and climate change by enhancing its Electric Vehicle Incentive Program (EVIP) and extending incentives of up to $14,000.

Before the update to the EVIP, those who wanted to buy a Tesla in Ontario were not able to benefit fully from the program as incentives for electric vehicles with MSRPs between $75,000 and $150,000 were capped at a $3,000. This effectively meant that customers had to pay more despite adopting an environment friendly vehicle.

However, this has now been changed as the government lifted the cap and lowered the entry price of the Model S and X in Canada in the process. Under the updated EVIP people in Ontario will be able to avail incentives of $6,000 to $14,000 towards their purchase or lease of eligible battery-electric and plug-in hybrid electric vehicles. Further, the Electric Vehicle Charging Incentive Program provides up to an additional $1,000 to EVIP recipients toward the purchase and installation of fast-charging equipment for the home or workplace.

The government said that these initiatives are a key part of the province’s strategy to make it easier for people across Ontario to use EVs and help fight climate change. Some of the other initiatives in place towards this goal are: a significant expansion of publicly accessible EV charging infrastructure; requirement that all new workplaces, homes and townhouses are to be “EV ready” by 2018; access to High Occupancy Vehicle and High Occupancy Toll lanes for single-occupant EVs with green license plates without a fee; and working with Plug ‘n Drive to open an electric vehicle discovery centre, which will enhance public education and dealer training on EVs.

“Making electric vehicles more affordable to help fight climate change is part of our plan to create jobs, grow our economy and help people in their everyday lives”, the government said in a press note.

“Transportation emissions are the single-largest source of greenhouse gas pollution in the province. That’s why we are moving forward on a commitment to make it easier for Ontarians to purchase and drive an electric vehicle”, said Glen R. Murray, Minister of Environment and Climate Change.