Up to $5,000 business or lease incentives coming for EVs

The government is unveiling its new national automotive strategy aimed at protecting Canada’s auto sector and jobs in the face the U.S. President Donald Trump’s desire to move vehicle production to the U.S. Ottawa is also trying to jump-start the country’s battery-powered vehicle industry.

Carney expects his new emissions system will lead to 75 per cent of new cars sold in Canada being electric by 2035 — an ambitious goal, but still less than the previous mandate that Carney is ditching.

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Carney announced the Liberal government is also launching a new $2.3-billion program to offer consumers and businesses purchase or lease incentives of up to $5,000 for EVs and up to $2,500 for plug-in hybrids.

Plug-in vehicles must be under $50,000 to qualify and be made by countries Canada has free trade agreements with, which would exclude any vehicles made in China. The price cap will not apply to Canadian-made vehicles.

  • tleb@lemmy.ca
    7·
    16 hours ago

    Plug-in vehicles must be under $50,000 to qualify and be made by countries Canada has free trade agreements with, which would exclude any vehicles made in China. The price cap will not apply to Canadian-made vehicles.

    Would seem to exclude Teslas (both because they’re >50k and made in China lol), but it’s not clear to me if “plug-in vehicles” means EVs + PHEVs or just PHEVs

    • UnderpantsWeevil@lemmy.worldEnglish
      6·
      16 hours ago

      they’re >50k and made in China lol

      The Model 3 is $38k and made in Freemont, CA.

      This rule exists to exclude BYD, XPeng, and the constellation of other Chinese EV companies, whose enormous productive capacity are swamping the East Asian auto industry with cheap EV compacts and small trucks.

      Incidentally, BYD had historically operated an electric bus factory in Newmarket, Ontario. But operations ceased thanks to cut backs in the Toronto Transit Commission. They may try to repurpose the plant to begin manufacturing consumer-ready vehicles, but its still up in the air with respect to US/Canada trade relations and Canada’s own shaking economic situation.