Ontario Cancels Electric Car Incentive Program
Ontario’s new government officially – and as expected – ended the cap and trade program, which means the end of the incentives to buy plug-in cars (funded through cap-and-trade proceeds).
The Electric and Hydrogen Vehicle Incentive Program (EHVIP) enabled the purchase of plug-in models up to $14,000 CAD cheaper (≈$10,600). That helped to increase sales in the province and in Canada, but now it will be a hard landing for quite some time.
To not harm the business, incentives will be still eligible for dealer’s inventory and orders placed on or before July 11 (but delivery is required by September 10).
One more bit of bad news is that Electric Vehicle Charging Incentive Program is also canceled. There are 60 days from July 11 to receive incentives on the infrastructure that was purchased and/or installed.
Full press release:
Ontario Ends the Electric and Hydrogen Vehicle and Charging Incentive Programs
July 11, 2018
On July 3, 2018, Ontario cancelled the cap and trade program as part of its commitment to bring gas prices down by 10 cents a litre and help reduce costs for Ontario families and businesses by $1.9 billion dollars per year.
Given the Electric and Hydrogen Vehicle Incentive Program and the Electric Vehicle Charging Incentive Programs are funded through cap-and-trade proceeds, these programs are cancelled.
Applications will be accepted from dealerships, car owners or prospective car owners only if one of the following conditions has been met:
Eligible vehicles that have been delivered to consumers, registered, and plated on or before July 11 will receive the incentive.
Inventory that dealers have on lots or orders made by dealerships with manufacturers on or before July 11, will also be honoured for the incentive provided that the vehicle is delivered to consumers, registered, and plated by September 10.
In addition, the Electric Vehicle Charging Incentive Program is cancelled effective July 11. Charging stations purchased and/or installed before this date will be eligible to receive incentives if the application is submitted within 60 days of July 11.