The federal government has spent $225 million of the $300 million it budgeted to incentivize Canadians to buy electric vehicles (EV). The program, which launched in May 2019, offers a $5,000 rebate to EV buyers. (MobileSyrup)
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The federal government has spent $225 million of the $300 million it budgeted to incentivize Canadians to buy electric vehicles (EV). The program, which launched in May 2019, offers a $5,000 rebate to EV buyers. (MobileSyrup)
Talking point: The funding is on pace to run out before the end of the three-year program. Advocates are asking the government to top up the fund to keep it going. EV incentives are proving attractive for Canadians, but Ottawa’s $5,000 may not be quite enough to get consumers off of fossil fuels. Eighty-six per cent of EV sales were in Quebec and B.C., which both have separate provincial incentives, while Ontario, which cancelled its EV rebate, saw just 12 per cent of sales.
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